BISYS(R) Selects SunGard for 22c-2 Offering.

- STN to Provide Technology Platform for BISYS' Full-Service Compliance Solution -

ROSELAND, N.J. -- BISYS Fund Services (BISYS) announced today a comprehensive 22c-2 solution that integrates the SunGard Transaction Network (STN) technology into its full-service compliance and oversight offering. The BISYS 22c-2 Solution([TM]) is an all-inclusive outsourcing service to help mutual fund companies with SEC Rule 22c-2 compliance and administration.

BISYS' service solution includes independent direct and/or omnibus account market-timing monitoring, compliance oversight, and proactive measures to help monitor and deter market timing led by a dedicated team of risk analysts. BISYS will execute intermediary service agreements and perform due diligence research and resolution. Independent reporting on suspicious trends and activities is automated through BISYS' proprietary compliance desktop portal, ComplianceEdge([TM]) Dashboard. Transparency is a paramount feature of the BISYS 22c-2 Solution, which includes full reporting services to chief compliance officers and fund boards.

SunGard's STN technology platform provides BISYS with secure connectivity, data warehousing, data monitoring, an analytics engine, reporting capabilities, and administration tools. BISYS will integrate the STN solution with its service and compliance expertise, including the initiation of request-for-trade detail, monitoring and tracking of requests, data analysis, and comprehensive client support. In addition to providing the technology for BISYS' full-service offering, SunGard will continue to distribute its 22c-2 solution on an application service provider (ASP) basis to both fund companies and financial intermediaries.

"SunGard's STN trade automation services and secure connectivity model make it one of the most capable technology providers to handle the intricacies of Rule 22c-2 monitoring and compliance," said Fred Naddaff, president of BISYS Fund Services. "By adding SunGard's best-in-breed STN technology component to BISYS' 22c-2 services, we have created the most powerful end-to-end full-service offering."

"SunGard has been working closely with BISYS during the past few months to help it create an all-inclusive solution for Rule 22c-2 compliance outsourcing," said Bob Ward, chief operating officer of SunGard's STN business unit. "By combining STN's technology with its own service expertise, BISYS is able to provide fund companies with a completely outsourced compliance service for monitoring market timing and assessing short-term redemption fees. This offering will help bring greater efficiency and transparency to fund trading activities and ultimately help protect individual investors from frequent trading abuses."

About BISYS Fund Services

BISYS Fund Services is an industry-leading provider of outsourcing solutions for mutual funds, separately managed accounts (SMAs), and other investment programs, worldwide. Recognized by various industry publications and surveys for its service excellence and compliance focus, BISYS administers more than $400 billion in assets for approximately 2,000 portfolios. Its core offerings include compliance and regulatory consulting and oversight, treasury and financial administration, broker/dealer compliance, tax and legal services, fund accounting, distribution support, and transfer agency services. Investment managers of all types and sizes turn to BISYS for innovative and tailored solutions. BISYS Fund Services is a division of The BISYS Group, Inc.'s Investment Services group.

About BISYS

The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that help investment firms and insurance companies to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans, separately managed accounts, and other investment products. Through its Insurance Services group, BISYS is the nation's largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care, disability, and annuity products. Additional information is available at www.bisys.com.

About STN

A trade automation and connectivity solution, the SunGard Transaction Network (STN) links institutions throughout the financial services value chain, facilitating the purchase and sale of many securities types, including US and foreign equities, fixed income, mutual funds, money market funds, certificates of deposit, and commercial paper. Integrated directly with SunGard systems and with third-party systems, STN helps automate the entire transaction lifecycle.

About SunGard

With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.

Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current reasonable expectations and are subject to certain assumptions, risks, uncertainties and changes in circumstances due to future events as well as changes in economic, competitive, regulatory and/or technological factors affecting BISYS' business, including, without limitation, the ongoing government investigations and litigations involving the company. More detailed information about risk factors that could cause actual results to differ materially are noted in BISYS' periodic filings with the Securities and Exchange Commission. These documents can be accessed on BISYS' website at www.bisys.com under the "Investor Relations" tab. Forward-looking statements are only predictions, not guarantees of performance, and speak only as of the date they are made. BISYS disclaims any obligation to update or amend these statements in light of new information, future events or otherwise.

Trademark Information: SunGard, the SunGard logo and STN are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

Brokerage products and services offered by STN are provided by SunGard Institutional Brokerage Inc., member NASD/SIPC.