NEW YORK, Aug. 30 /PRNewswire-FirstCall/ -- BISYS, a leading provider of
business process outsourcing solutions for the financial services sector, was
named Recordkeeper of the Year by Institutional Investor newsletter Defined
Contribution News. BISYS Retirement Services has been nominated for this
award for the past three consecutive years and has achieved Institutional
Investor's highest distinction twice. BISYS is the only firm in the
retirement industry to have reached this milestone.
The award recognizes BISYS for going beyond recordkeeping administration
and makes special mention of the company's comprehensive product and program
offerings, including an IRA Rollover program recently launched with Merrill
Lynch. BISYS was credited for "always being at the forefront of innovations"
and for "solidifying its place as a premier outsourcing firm."
"Our ultimate business goal is to ensure that our clients have access to
the most robust suite of retirement tools and services available in the
industry," said Christopher Guarino, president of BISYS Retirement Services.
"We're honored to again be recognized by Defined Contribution News for our
continual efforts in anticipating and exceeding our clients' expectations. We
remain committed to investing in products and services that will benefit our
clients and solidify our position as an innovative leader in the retirement
services industry."
BISYS' comprehensive lineup of retirement tools and services includes
Retirement Central, a Web-based suite of retirement resources to facilitate
asset gathering and retention strategies; automated IRA rollovers; Health
Savings Accounts; College Planning; and participant advice using
Morningstar(R) ClearFuture(R).
About BISYS
The BISYS Group, Inc. (NYSE: BSG), 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 financial institutions and corporate
clients through three business units. Its Investment Services group provides
administration and distribution services for approximately 380 clients,
representing more than 2,200 mutual funds, hedge funds, private equity funds,
and other alternative investment products with approximately $750 billion in
assets under administration. BISYS' largest group also provides retirement
services to more than 18,000 companies in partnership with 40 of the nation's
leading banks and investment management companies, and offers analytical
research and competitive information through its Financial Research
Corporation (FRC) subsidiary. Through its Insurance and Education Services
group, BISYS is the nation's largest independent distributor of life insurance
and 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 second largest independent wholesale distributor of
commercial property/casualty insurance. This group complements its insurance
distribution services with a comprehensive compliance management solution that
supports insurance and investment firms and professionals with approximately
350 certification and continuing education training courses, and a
sophisticated suite of products and services that automates the entire
licensing process. BISYS' Information Services group supports approximately
1,450 banks, insurance companies, and corporations with industry-leading
information processing and imaging solutions, turnkey asset retention
solutions, and specialized corporate banking solutions. Additional
information is available at http://www.bisys.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 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 Company's operations, markets, services and related
products, prices and other factors discussed in the Company's periodic filings
with the Securities and Exchange Commission.
SOURCE The BISYS Group, Inc.
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Related links:
http://www.bisys.com
Company News On-Call:
http://www.prnewswire.com/comp/851938.html
CONTACT:
Press: Christopher Guarino, President, BISYS
Retirement Services, +1-215-648-4810, or Investors: Daniel
Briggs, Vice President, Finance and Investor Relations,
+1-212-907-6134
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