Bisys

4 results about this entity

Period: 16 Sep 2005 - 23 May 2007

Bisys fined $25m for accounting and reporting violations

New York financial BPO outfit Bisys has agreed to pay around $25 million to settle claims of improper accounting practices and financial reporting violations.

Citi to buy Bisys for $1.45bn

Citi has signed an agreement to acquire Bisys Group, New York-based provider of back office services to financial institutions, in an all-cash deal worth around $1.45 billion.

Bisys warns of earnings shortfall; explores sale

Bisys, a New York provider of back office services to financial institutions, is warning that its fiscal year 2007 earnings will be "substantially below" expectations and says it has hired an investment bank to advise it on "strategic alternatives".

Bisys sells information services unit to Open Solutions for $470m

New York BPO firm Bisys has signed a definitive agreement to sell its information services group, which provides data processing, imaging and back office services to financial services firms, to Connecticut-based banking software vendor Open Solutions for $470 million in cash.