Exhibit 99.1

FOR IMMEDIATE RELEASE

                                                                        Contact:

                                                                   Daniel Briggs
                                  Vice President, Finance and Investor Relations
                                                                  (212) 907-6134

                                                           The BISYS Group, Inc.
                                                                     (NYSE: BSG)
                                                                   www.bisys.com

                     BISYS(R) ANNOUNCES NEW CREDIT FACILITY

NEW YORK, N.Y. (January 6, 2006) -- The BISYS Group, Inc., a leading provider of
outsourcing solutions for the financial services sector, today announced that it
has entered into a new credit facility which provides for (i) a revolving credit
facility of up to $100 million which is immediately available and may be used
for working capital and other corporate purposes, and (ii) a term loan in an
aggregate amount of up to $300 million which would be available, if necessary,
to repay the Company's currently outstanding $300 million of 4% convertible
notes due March 15, 2006. SunTrust Bank serves as the Administrative Agent for
the new facility. The Company's previous $150 million revolving credit facility
has been terminated. No borrowings were outstanding under the prior agreement at
the time of termination.

The new facility, which has a term of one year, provides the Company with
immediate borrowing availability and simplifies its financial covenants and
reporting obligations. The current interest rates payable under the revolving
portion of the new facility are comparable to those in its prior credit
facility. Should the company choose to fund the term loan portion of the
facility, its interest expense may increase, as the borrowing costs associated
with the term loan are higher than those associated with the Company's currently
outstanding 4% convertible notes.

                                     -more-



As previously announced, the Company expects to close the sale of the
Information Services business prior to February 28, 2006. The Company intends to
use a portion of the proceeds from this sale to retire its convertible notes,
but if the closing of the sale is delayed, it may choose to repay the maturing
notes with the term loan portion of the new facility.

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 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.
BISYS' Information Services group provides industry-leading information
processing, imaging, and back-office services to banks, insurance companies and
corporate clients. Headquartered in New York, BISYS generates more than $1
billion in annual revenues worldwide. Additional information is available at
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 BISYS'
operations, markets, services and related products, prices and other factors
discussed in BISYS' periodic filings with the Securities and Exchange
Commission. Such risks also include the risk that the closing of the pending
sale of Information Services group of BISYS is delayed past February 28, 2006 or
that the transaction will not be completed or will be completed on different
terms.

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