The BISYS Group Inc. said it plans to sell its information services group to Open Solutions Inc. of Glastonbury, Conn., a provider of data processing technologies for banks and credit unions.
The group includes its banking solutions, document solutions and corporate financial solutions business.
The transaction, announced last week, is subject to certain closing and regulatory conditions. It is expected to close in BISYS' second fiscal quarter ending Dec. 31, 2005.
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