BISYS(R) Retirement Services and Pentegra Retirement Services Announce a Strategic Alliance to Provide Expanded Services to Financial Advisors

BISYS Retirement Services, the nation's largest independent administrator and recordkeeper for small- and mid-sized retirement plans, and Pentegra Retirement Services, a leading full-service provider of defined contribution and defined benefit plan services, today announced that they will begin offering the BISYS LinkInsight™ product to financial advisor channels. BISYS is responsible for servicing approximately 27,000 defined contribution plans, covering nearly 1.7 million participants, and maintains an extensive open architecture investment platform, covering thousands of mutual funds across more than 100 leading fund families. Through its relationship with Pentegra, a highly-regarded third party administrator, BISYS stands to broaden its footprint in the retirement plan marketplace. "BISYS is extremely excited about our new relationship with Pentegra,” said Charles Wenzel, senior vice president at BISYS Institutional Sales. "Through this mutually beneficial arrangement, financial advisors can leverage BISYS’ LinkInsight platform and Pentegra’s combined defined benefit and defined contribution plan experience to offer an integrated retirement plan solution.” Pentegra oversees the retirement programs of more than 600 community banks, credit unions and other small businesses representing over $4.3 billion dollars in assets under administration. "We’re very happy to begin working with BISYS. Through this strategic alliance, Pentegra gains access to BISYS’ extensive mutual fund platform to meet the needs of financial advisors,” said Gwen Burroughs, chief marketing officer at Pentegra. The relationship will leverage BISYS’ LinkInsight open architecture service model. This model enables third party administrators (TPAs) and financial advisors (FAs) to work seamlessly together to provide retirement plan solutions to plan sponsors and their participants. Specifically, LinkInsight complements the TPA’s ability to provide retirement plan design, documentation and administration in a consultative fashion while applying the FA’s expertise regarding the investment selection process for each retirement plan. From an administrative perspective, the model includes plan installation and conversion support, daily valuation and recordkeeping, Web-enabled access to information, and a suite of sponsor-and participant-directed services, communications, education and support. About BISYS Retirement Services BISYS provides high-quality outsourcing solutions for every segment of the retirement marketplace. Programs are tailored to effectively support institutional retirement plan providers and selected intermediaries, facilitating their ability to service their plan sponsor and participant clients. Core offerings cover every component of a sophisticated retirement infrastructure, including administration, recordkeeping, ERISA consulting, distribution support, training and documentation. BISYS Retirement Services is a division of The BISYS Group, Inc. About BISYS The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that enable investment firms, insurance companies, and banks 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 Pentegra Retirement Services Founded in 1943, Pentegra Retirement Services is the leading provider of retirement products and services to community banks, credit unions and small businesses nationwide with over $4 billion dollars under management. With over 64 years of experience in managing retirement programs, the White Plains, NY based company provides a diverse array of retirement products including 401(k), KSOP, ESOP, Defined Benefit Pension, Profit Sharing and Executive Benefit and Director plans to the financial community and corporations nationwide. Pentegra is a Preferred Provider of the ICBA Financial Services Corporation, a subsidiary of the Independent Community Bankers of America, and is endorsed by America's Community Bankers and affiliated with the American Bankers Association, and is a National Association of Federal Credit Unions (NAFCU) Services Corporation Preferred Provider. 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 impact of the Company's evaluation of strategic alternatives and the outcome of pending and future 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, including its Annual Report on Form 10-K for the year ended June 30, 2006 and quarterly report on Form 10-Q for the quarter ended March 31, 2007. 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.