BISYS Group Inc. has agreed to sell its information services division to Open Solutions Inc. for $470 million.[@@]
BISYS, New York, is selling the unit, which sells technology services and business services to banks, so that it can expand its investment services and insurance services businesses, according to Russell Fradin, the company's president.
Open Solutions, Glastonbury, Conn., a company that sells computer services to banks and credit unions, has a right to audit the information services group before it closes on the deal, BISYS says.
