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The BISYS Group, Inc., (NYSE:BSG), a leading provider of outsourcing solutions for the financial services sector, announced today that it has made an offer that the Staff of the Securities and Exchange Commission ("SEC") has agreed to recommend that the SEC accept, which would, if approved, settle the previously disclosed SEC investigation into the Company's restatements of its financial results filed with the SEC on August 10, 2004 and April 26, 2006.