BISYS(R) and Open Solutions Inc.(R) Expand Strategic Business Relationship – Financial Services Technology Providers Form Closer Reseller Alliance –

<body.content> <block> <p>NEW YORK, Oct. 6 /PRNewswire/ — BISYS, a leading provider of business process outsourcing solutions for the financial services sector, and Open SolutionsInc., a provider of integrated enabling technologies for community banks and credit unions, today announced that they have expanded their strategic alliance. Under the terms of the agreement, BISYSwill become the only national outsourcing provider of Open Solutions’ The Complete Banking Solution(R) (TCBS), a relational core data processing system for banks and thrifts, which BISYS resellsunder the private label of TotalCS(TM). In addition, Open Solutions will become the exclusive provider of complementary products and services for BISYS’ TotalCS offering. These products and services– financial accounting tools, loan origination, safe deposit box, premium overdraft, CRM/business intelligence, and cash management — have been designed to integrate and leverage the power of therelational TCBS/TotalCS system architecture.</p> <p>The expanded alliance, which represents a significant economic commitment for both parties to sell Open Solutions’ product offering,will allow both organizations to better address the growing demand in the marketplace for this technology and service offering. The relationship enables Open Solutions to focus on in-house salesefforts to banks, thrifts, and credit unions, while maintaining its outsourcing centers for existing bank and thrift clients and pursuing outsourced sales in the credit union market. BISYS willremain focused on outsourced sales efforts, offering the expanded TotalCS solution, as well as TotalPlus(R), its mainframe-based solution.</p> <p>TCBS/TotalCS is an open architecture,Oracle(R)-based, real-time relational database enterprise application that is designed to support a financial institution’s core data processing requirements. Features include deposit and loanprocessing, teller and platform automation, electronic forms, investor reporting, marketing-focused CIF, data mining and relational pricing.</p> <p>The BISYS and Open Solutionsrelationship dates back to 1997 when BISYS first partnered with Open Solutions to offer TCBS as an outsourced data processing alternative.</p> <p>Bill Neville, president of BISYSInformation Services commented on the expanded alliance, “As a provider of outsourced information processing services to community banks of all sizes and charters, BISYS is committed to partneringwith other industry-leading providers so that we can offer our clients the most progressive, cost-effective technology solutions in the banking market. We believe Open Solutions is a leadingdeveloper of relational core processing systems. With this new agreement, BISYS is positioned for greater market penetration of its TotalCS solution and expanded sales of high- demand ancillaryproducts and services to existing and prospective TotalCS clients. A strong partnership just got stronger, and we anticipate benefits for both companies.”</p> <p>According to LouisHernandez, Jr., Open Solutions’ chairman and CEO, “We pride ourselves in our ability to partner with the best companies in the industry. BISYS, like Open Solutions, has an outstanding reputation forsuperior service and product initiatives. We share many of the same values and business philosophies in how we approach the marketplace. This expanded relationship will allow Open Solutions toaccelerate our market penetration in the banking arena for outsourcing services throughout the United States. BISYS is a great partner to work with and we look forward to taking this strategicalliance to the next level.”</p> <p>About Open Solutions</p> <p>Open Solutions Inc. offers an enterprise-wide suite of software and services that integrates core dataprocessing applications, built on a single centralized Oracle relational database, with Internet banking, financial accounting, cash management, CRM/business intelligence, imaging and loanorigination solutions. Open Solutions’ full suite of technology products and services is designed to allow banks, thrifts and credit unions to better compete in today’s aggressive financial servicesmarketplace, expand and tap their trusted financial relationships, client affinity, community presence and personalized service.</p> <p>For more information about Open Solutions, or itsfinancial product line, contact Mickey Goldwasser at 860.652.3153, via fax at 860.652.3156, or e-mail <virtloc idsrc=”dummy” value=”dummy”>[email protected]</virtloc>. VisitOpen Solutions’ Internet site at <a>http://www.opensolutions.com/</a>.</p> <p>About BISYS Banking Solutions</p> <p>BISYS provides one of the most comprehensiveinformation processing solutions, integrating core banking applications with more than 70 best-of- breed ancillary products. BISYS’ bank-wide automation supports commercial and retail banking,electronic and Internet-based transactions, branch services, customer relationship management, data warehousing, executive decision- support, and imaging. BISYS continually enhances the functionalityof its banking solution by integrating new ancillary products and advancing technologies. The American Bankers Association (ABA), through its Corporation for American Banking (CAB) subsidiary,exclusively endorses BISYS’ core information processing solution as the recommended solution for community banks.</p> <p>About BISYS</p> <p>The BISYS Group, Inc. <orgidsrc=”dummy” value=”dummy”><alt-code idsrc=”NYSE” value=”BSG”/></org>, headquartered in New York City, provides business process outsourcing solutions that enable investment firms,insurance companies, and banks to capitalize on convergence by entering new segments of the financial services industry. BISYS currently supports more than 22,000 domestic and international financialinstitutions and corporate clients through three business units. Its Investment Services group provides administration and distribution services for approximately 370 clients, representingapproximately 2,100 mutual funds, hedge funds, private equity funds, and other alternative investment products with more than $650 billion in assets under administration. BISYS’ largest group alsoprovides retirement services to more than 17,000 companies in partnership with 40 of the nation’s leading banks and investment management companies, and offers analytical research and competitiveintelligence through its Financial Research Corporation (FRC) subsidiary. Through its Insurance and Education Services group, BISYS is the nation’s largest independent distributor of life insuranceand the premier provider of the support services required to sell traditional and variable life, long-term care, disability, and annuity products. BISYS is also the nation’s third largest independentwholesale broker of commercial property/casualty insurance. This group complements its insurance distribution services with a comprehensive compliance management solution that supports insurance andinvestment firms and professionals with more than 215 certification and continuing education training courses, and a sophisticated suite of products and services that automates the entire licensingprocess. BISYS’ Information Services group supports approximately 1,450 banks, insurance companies, and corporations with industry-leading information processing and imaging solutions, turnkey assetretention solutions, and specialized corporate banking solutions. Additional information is available at <a>http://www.bisys.com/</a>.</p> <p>Except for the historicalinformation 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 ReformAct of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive,governmental and technological factors affecting The BISYS Group, Inc.’s operations, markets, services and related products, prices and other factors discussed in The BISYS Group, Inc.’s periodicfilings with the Securities and Exchange Commission. </p> <datasource>The BISYS Group, Inc.</datasource> </block> <block class=”contact”> <p>CONTACT: Bill Neville,President, BISYS Information Services Group,<br/>+1-781-829-8050, <virtloc idsrc=”dummy” value=”dummy”>[email protected]</virtloc>; or Marvin (Mickey) Goldwasser,Open<br/>Solutions Inc., +1-860-652-3153, <virtloc idsrc=”dummy” value=”dummy”>[email protected]</virtloc></p> </block> <block class=”website”><p>Web site: <a>http://www.bisys.com/</a> </p> </block> <block class=”company_oncall”> <p>Company News On-Call:<a>http://www.prnewswire.com/comp/851938.html</a> </p> </block> </body.content>