Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
BISYS is Now Ascensus
According to a news release, the rebranding follows the announcement earlier this year that BISYS Retirement Services was acquired by private equity firm J.C. Flowers & Co. LLC and would operate as a division of Crump Group, Inc (See Citi to Buy BISYS in $1.4B Deal ).
“The goal of the name change is to establish a clear brand that emphasizes the company’s extensive industry experience as well as its forward-looking business strategy which continues to evolve the company beyond its core administrative solutions,” the announcement said.
The announcement said Ascensus is a Latin word, meaning “a moving upward.” The BISYS Retirement Services name and logo will be phased out gradually over the coming months.
You Might Also Like:
E*TRADE Launches Planning Center for Equity Compensation Plan Participants
ERISA Stock Drop Challenge Targets Allergan
The firm is being challenged in a New Jersey district court for alleged imprudence in the management of its employee...
Lehman Stock Drop Suit Passed Over By Supreme Court
The high court will not offer another review to the long-running case, letting stand a lower court ruling that effectively...