TITLE

Oracle: flexing its muscles in banking vertical

PUB. DATE
September 2005
SOURCE
MarketWatch: Technology;Sep2005, Vol. 4 Issue 9, p10
SOURCE TYPE
Market Research Report
DOC. TYPE
Article
ABSTRACT
This article reports that Oracle Corp. has confirmed that it will be buying the majority interest in banking software and service leader iflex Solutions. This approach will be due in part to Oracle not owning 100% of i-flex. However this should not prevent Oracle from reaping the benefits of i-flex's reputation in the banking vertical. That said, it would come as no surprise if Oracle were to buy the outstanding stock and fully incorporate the company in due course. The deal also brings Oracle into close proximity with International Business Machines Corp. (IBM) once again because i-flex is an IBM global partner and its software runs on IBM software and hardware.
ACCESSION #
18266020

 

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