i-flex Solutions to rechristen as Oracle Financial Services

IT solutions provider, i-flex solutions, on Friday said the company plans to change its name as Oracle Financial Services.

MUMBAI: IT solutions provider, i-flex solutions, on Friday said the company plans to change its name as Oracle Financial Services.

The Board of Directors of i-flex Solutions, at its meeting held today, approved the proposal, the company said in a press statement on Friday.

"The new branding reflects the importance that Oracle attaches to the financial services sector and will enable us to better leverage the global reach, infrastructure and brand visibility of Oracle to accelerate our growth," said i-flex Solutions Managing Director and CEO N R K Raman.

Majority owned by Oracle, i-flex has operations in over 130 countries and has a customer-base of 790 customers, the company said.

The new name reflects the company's close strategic and operational alignment with its parent, Oracle Corporation, which owns 81 per cent of the company, the release said.

Oracle has about 8,500 financial services customers across 145 countries.
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