REDWOOD SHORES, Calif., July 21 /PRNewswire-FirstCall/ -- -- Oracle and i-flex solutions -- which has unveiled plans to change its name to Oracle Financial Services Software Ltd. http://www.oracle.com/corporate/press/2008_apr/ofs.html -- today announced that Oracle has been recognized as a Global Power Seller in Forrester Research's June 2008 independent report, "Global Banking Platform Deals 2007: Vendors." -- Forrester Research defines Global Power Sellers as "leaders with more than 35 new banking platform clients in at least six regions of the world in 2007." Only Oracle and one other vendor were designated as Global Power Sellers out of the 15 companies surveyed for the report.
-- According to the report, Oracle won a total of 71 deals with new clients, more than any other vendor. Deals were won across Oracle Financial Services Global Business Unit product lines including Oracle's Siebel, Oracle's FLEXCUBE and the Oracle Financial Services Applications.
-- The Forrester Research report cites Oracle as a top-tier financial services vendor based on report evaluation criteria that includes new 2007 sales to financial services customers, global sales success, global reach and banking platform functionality.
-- In the report, Forrester Vice President, Principal Analyst Jost Hoppermann states that "Oracle won new banking platform clients in close to 40 countries, with the US and India showing the largest numbers of new named deals. Functionality of the counted deals included retail and corporate banking, Internet banking, teller solutions, risk management and Basel II, microfinance, and lease management as well as Islamic banking." Supporting Quote -- "Banks and other financial institutions cannot afford missteps with their mission-critical systems and are relying on Oracle's proven applications for the banking industry to enable expanded services and more personalized customer service," said Rajesh Hukku, Chairman, i-flex solutions, and General Manager, Oracle Financial Services Global Business Unit. "Forrester's recognition of Oracle as a financial services leader reflects the combined strength of our unparalleled banking and business solutions, understanding of market dynamics and global reach." Supporting Resources Forrester Research Global Banking Platform Deals 2007: Vendors, Full Report http://tinyurl.com/6662ux Oracle in Financial Services
http://www.oracle.com/industries/financial_services/index.html i-flex solutions
http://www.iflexsolutions.com/
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