I-flex Solutions
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i-flex solutions limited is an India based IT solutions provider for the financial services industry. It has customers in over 120 countries. The i-flex portfolio of software products includes FLEXCUBE®, a core banking solution; Reveleus™, a business analytic application; and Daybreak™, an enterprise consumer-lending suite. In addition, the i-flex PRIMESOURCING offering provides a comprehensive range of software, consulting, development and support services. With an employee base of over 7000, it is headquartered at Bangalore.
Global Presence
Partners : In addition, i-flex is represented in over 80 countries through more than 30 corporate business partners. i-flex also has strong alliance and implementation relationships with industry leaders including Hewlett Packard, IBM, Intel, Microsoft and Oracle.
Customers : Over 625 in more than 120 countries. i-flex has a strong global reach, with sales, marketing and support presence covering over 22 overseas locations including 5 subsidiaries (i-flex solutions inc. and i-flex America inc. in the USA, i-flex solutions b.v in the Netherlands, i-flex solutions pte ltd in Singapore) and Equinox Corporation. The other offices are in Johannesburg, South Africa and London, United Kingdom.
Development Centres : The development centers of i-flex are based in India. Spread over 220,000 sq. ft., the centers are located at Mumbai (earlier known as Bombay), Bangalore (universally known as the Silicon Valley of India), Pune and Chennai.
Offices : i-flex has offices situated in Amsterdam, Bangalore, Boston, Chennaim, Dubai, Eden Prairie, Frankfurt, Gurgaon, Irvine, London, Miami, Minneapolis, Moscow, Mumbai, New Jersey, New York, Pune, Shanghai, Singapore, Sydney, Tokyo, and Toronto
Support Centres : i-flex have set up technical support centers at 29 locations around the world to provide instant assistance to their customers in Bulgaria, Brunei, Cyprus, Egypt, Germany, Ghana, Hungary, Iceland, India, Jamaica, Japan, Kenya, Kuwait, Malaysia, Mauritius, Netherlands, Nigeria, Poland, Romania, Singapore, South Africa, Sri Lanka, UAE, Uganda, UK, USA, Venezuela, Zambia, and Zimbabwe These centers are supported by two global support centers located at Mumbai and Bangalore, which function round the clock.
Products
Flexcube
The Banker, a publication of the Financial Times Group (UK), selected the product suite as "Application of the Year" and "Core Banking Solution of the Year" (2004). Specifically, The Banker acclaimed Flexcube's high scalability and flexibility, its impressive sales during 2003, and its diverse capabilities. Flexcube has been ranked the world's No. 1 selling banking solution for four consecutive years, 2002, 2003, 2004 and 2005, by the UK-based International Banking Systems (IBS).
Reveleus 
Reveleus™ is a suite of analytical applications for the financial services industry focused in the areas of risk management, customer insight, and enterprise-wide financial performance. Reveleus' Risk Analytics products are solves the most complex global challenges facing the financial industry today, including multi-jurisdictional Basel II compliance and operational risk management. Reveleus is positioned in Gartner's 'Leaders Quadrant' in its Basel II Risk Management Application Software Magic Quadrant and Tower Group ranks Reveleus' Basel II solution amongst the best in this domain.
Daybreak 
DaybreakTM is a comprehensive consumer lending system that streamlines all aspects of automobile financing from origination to servicing and collections, across a single relational database, thus increasing productivity, providing improved customer service, and reducing risk. Since 1998, Daybreak has been selected by premier automotive lenders to help reduce costs and increase efficiencies.
PrimeSourcing 
PrimeSourcing is a wing of i-flex, and focuses on the financial services domain, dealing with the compliance, application development, re-engineering, integration, testing, implementation or maintenance needs. The main areas of focus are on corporate, private and retail banking, funds, capital markets and insurance domains. It is backed by industry consultants, technology experts, and SEI-CMMi Level 5 processes. PrimeSourcing operates development centers across India, the USA, and Singapore. It has dedicated Centers of Excellence in business intelligence, CRM, payment solutions and testing services and has recently launched an Oracle Competency Center.
Equinox 
Equinox offer specialist KPO services for the Financial Services vertical (Banking, Mortgage & Consumer Finance, Securities & Capital Market and Insurance).
I-flex Consulting 
I-flex consulting is the consulting arm of I-flex solutions ltd specializing in providing Business, Technology and Process Consulting to Financial Services enterprises world wide. They offer business consultants having extensive experience in Retail, Corporate Banking, Investment Banking, Treasury, Credit (retail and corporate), Risk Management, Trade Finance, Fund Management, Central Banking and Capital Market areas. Their technology consultants are focused on the developement and implementation solutions for financial services enterprises in Back-office operations, Internet Solutions, Payment services, Business Intelligence and Customer Relationship Management.
Castek 
I-flex has acquired a majority stake in Castek Software Inc., the Toronto-based provider of insurance systems for the global Property & Casualty (P&C) insurance industry. The product is dealing with the real world applications of P&C insurance.
Current Events
August 3, 2005: Oracle Corporation has announced it would buy a majority stake in India's largest applications software company i-flex solutions in a $909-million (around Rs 3,960 crore at an exchange rate of Rs 43.55 to a dollar) deal. Between March and April 2006, Oracle acquired an another 7.52 per cent of i-flex Solutions' equity. Another 3.2 per cent acquisition, in mid April 2006, from the open market meant that Oracle's stake crossed the half-way mark, upto 50.6 per cent, thus making i-flex Solutions Ltd it's wholly owned subsidiary.
Registered Office
Registered Office
Unit 10-11, SDF I, SEEPZ,
Andheri (East),
Mumbai - 400 096, India
External links
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