BISYS has made an offer to the Securities and Exchange Commission to settle charges related to financial restatements filed Aug. 10, 2004 and April 26, 2006. If the SEC and the court overseeing this case accept the settlement, BISYS will pay $25.1 million.

The settlement also requires BISYS to refrain from violating the reporting, books, records and internal controls provisions of federal securities laws and SEC rules.

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