I-flex solutions to change name to Oracle Financial Services

I-flex solutions, a provider of IT solutions to the financial services industry, has announced that its board of directors has approved a proposal to change the company's name to Oracle Financial Services, subject to regulatory and shareholder approvals.

The proposed new name reflects the company's close strategic and operational alignment with its parent, Oracle, which owns 81% of the company.

The new branding strategy demonstrates the synergies of scale, resources, expertise and efficiency across the two organizations. The current management team under NRK Raman will continue to run the operations of the company.

NRK Raman, CEO and managing director of i-flex solutions, said: "The new identity will enable us to better leverage the global reach, infrastructure and brand visibility of Oracle to accelerate our growth."

Source: datamonitor.com