The BISYS Group, Inc. announced Monday the appointment of Neil P. Marcous as group president of Marketing and Information Services. Marcous will provide executive oversight of BISYS TOTALPLUS and Document Solutions divisions which provide technology outsourcing and check imaging solutions to over 1,000 community banks. In addition, Marcous will be responsible for BISYS Networking Services — a leading provider of network design, integration and management, as well as BISYS Creative Solutions — a rapidly growing automated marketing services company providing leading edge capabilities to mortgage and consumer loan originators and credit card solicitation companies. The Marketing and Information Services group provides technology, marketing and research services to a combined total of over 3,000 financial institutions.
Marcous joins BISYS after serving Electronic Data Systems, Inc. (“EDS”) since 1989 as executive vice president/group manager of its Consumer Network Services business unit. In this leadership capacity, Marcous established and grew the EDS unit into the largest third party ATM/debit card processing service in the nation and oversaw its expansion from 60 million transactions annually to over 1.6 billion. Marcous was responsible for relationships with over 3,300 institutions and led such initiatives as the establishment of the Transaction Alliance — an electronic network formed by a consortium of major financial institutions including Wells Fargo Bank and Bank of America. Marcous has also been a frequent industry spokesperson appearing on CNBC and as a witness before Congress providing expert testimony on electronic commerce issues.
BISYS was formed in a management led buyout from ADP in 1989 and became a public company through an IPO in March 1992. Marcous has served as an outside director of The BISYS Group, Inc. since 1994 and previously served as senior vice president of the Electronic Financial Services Division of ADP from 1984 to 1989.
BISYS chairman and CEO Lynn J. Mangum expressed his excitement about Marcous joining the company. “I’ve had the pleasure of working with Neil for over 12 years and his decision to join our senior management team dramatically expands our potential to capitalize on our strong strategic position. Neil is a proven builder of businesses and his addition offers us tremendous growth opportunities for not only BISYS but our clients,” Mangum remarked.
Marcous stated, “As a long time director and business partner, I’ve had the opportunity to closely watch as BISYS has grown revenues ten-fold since its founding from ADP.” Marcous further noted, “I’m thrilled to join Lynn’s team and share the company’s vision of creating growth opportunities and competitive advantages for its clients.” Marcous plans to continue the company’s strong internal growth rate complemented by acquisitions. “BISYS is a leader in all of its businesses and so we can leverage our strong platforms with expanded products and services to benefit a large client base,” said Marcous.
The BISYS Group, Inc., headquartered in Little Falls, NJ, supports more than 9,000 financial institutions and corporate clients through its integrated business units. BISYS provides technology outsourcing and check imaging applications to more than 1,000 financial institutions nationwide; distributes and administers over 60 families of mutual funds consisting of more than 700 portfolios; provides retirement plan services to over 6,000 companies in partnership with 30 of the nation’s leading bank and investment management companies; and provides insurance distribution solutions, telephone/Internet product sales programs, enterprise-wide networking services, and loan/deposit product pricing research. BISYS trades on Nasdaq under the symbol BSYS. Additional information is available at [http://www.bisys.com].
Except for the historical information contained herein, the matters discussed in this 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 the Company’s operations, markets, services and related products, prices, and other factors discussed in the Company’s periodic filings with the Securities and Exchange Commission.