Oracle: flexing its muscles in banking vertical

September 2005
MarketWatch: Technology;Sep2005, Vol. 4 Issue 9, p10
Market Research Report
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.


Related Articles

  • Software's Race to the Middle. van Hasselt, Caroline // Treasury & Risk Management;Nov2004, Vol. 14 Issue 10, p20 

    This article reports that in September 2004, just as the takeover battle between PeopleSoft Inc. and Oracle Corp. was heating up, PeopleSoft announced its largest ever strategic alliance — a $1 billion, five-year technology deal with International Business Machines (IBM) Corp. At the...

  • Tableau, Splunk Teaming Up. Investor's Business Daily // Investors Business Daily;3/ 5/2014, pA01 

    7 The providers of software that analyzes Big Data for business formed an alliance to ramp up competition vs. larger rivals

  • Another Contract for IBM, I-Flex. Bills, Steve // American Banker;8/8/2005, Vol. 170 Issue 151, p18 

    Reports that Indian banking software company i-flex solutions ltd. and International Business Machines Corp. have won a contract to provide banking software and services to Canara Bank Ltd., India's fifth largest banking company. Description of the deal; Amount of money that the deal is worth;...

  • ORACLE, TRASH-TALKING IBM, DISSES DB2. Taschek, John // eWeek;10/30/2000, Vol. 17 Issue 44, p85 

    Comments on Oracle Corp.'s claims concerning IBM Corp.'s software unit. Evidence used by Oracle to point out that IBM's software division failed to achieve financial success; Oracle's position on single system applications.

  • App server rivals team on specs. Bednarz, Ann // Network World;12/1/2003, Vol. 20 Issue 48, p8 

    Reports on the alliance between IBM Corp. and BEA Systems Inc. to work on specifications aimed at making it easier for customers to port applications between the companies' application server platforms. Descriptions of the companies' joint specifications; Terms of the deal.

  • Education for SciQuest.  // Supply Management;7/21/2005, Vol. 10 Issue 15, p12 

    Reports that electronic procurement company SciQuest Inc. has teamed up with the consultancy arm of International Business Machines Corp. in June 2005, to provide a spend management software and consultancy service for the higher education sector.

  • Reconsidering the IBM-Lenovo deal. Musthaler, Linda // Network World;8/29/2005, Vol. 22 Issue 34, p33 

    Shares the author's views and insights about the IBM-Lenovo deal in the U.S. Positive outlook on Lenovo's worldwide role in the personal computer market; Concerns expressed by the author about the sale; Consideration of IBM's Think PC to be high on the innovation scale.

  • IBM enters social scene. Taft, Darryl K. // eWeek;1/29/2007, Vol. 24 Issue 4, p13 

    The article presents information on International Business Machines Corp.'s (IBM's) entrance in the social software market, with the collaboration of software developer, Lotus Software. IBM's Lotus division will compete directly with Microsoft Corp.'s offerings like Windows Live Spaces, blogging...

  • THIS eWEEK.  // eWeek;8/04/2003, Vol. 20 Issue 31, p5 

    Presents news briefs related to computer industry in the U.S. as of August 4, 2003. Plans of software company Oracle Corp. to upgrade its flagship product Oracle 9i; Purpose behind the development of DB2 software by software company IBM Corp. on the basis of its Universal Database strategy;...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics