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BISYS Acquires Communications Firm

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A financial services support company has scooped up a firm that explains benefit plans to employees.

BISYS Group Inc., New York, has acquired Total Benefit Communications Inc., Atlanta.

The price of the deal was not available.

Total Benefit has a national network of 700 benefits communicators who can lead seminars that explain health plans, retirement plans and other employer-sponsored plans, BISYS says.

Total Benefit will continue to sell its services on the open market, but BISYS, which has relationships with 7,000 financial institutions and with companies that serve 21,000 retirement plans, says it will make a point of marketing Total Benefit services to its clients and its clients’ customers.