The Hindu Business Line : IBM, i-flex in global tie-up

IBM and i-flex Solutions today announced a global alliance to deliver and market core banking replacement solutions to medium and large size banks worldwide.

As part of the agreement, FLEXCUBE's retail module would be made available on IBM's J2EE-based WebSphere Internet infrastructure software and DB2 universal database in a phased manner.

Mr Abraham Thomas, Managing Director, IBM India, said the tie-up was the first of its kind for IBM with an Indian software company.

IBM would promote i-flex's FLEXCUBE and its business intelligence solution Reveleus and provide consulting, implementation and integration services worldwide.i-flex will make available FLEXCUBE on open standard IBM platforms, thereby enhancing reach to Tier-1 and Tier-2 customers.

Mr Deepak Ghaisas, CEO (India Operations) and Chief Financial Officer, i-flex solutions, said: "The move to open standard IBM platforms will enable us to tap into the replacement market, which constitutes about 85 per cent of the total opportunity for core banking systems."

Mr N.R.K. Raman, Senior Vice-President, Global Sales, i-flex, said the alliance would help his company expand its reach in newer markets where IBM has a reach, apart from deepening its reach in the existing markets.

Article E-Mail :: Comment :: Syndication

Stories in this Section
BPO sector may witness a few IPOs next year

It's a tough call for VSNL

High-speed data services, global connectivity — AirTel conducts EDGE trials; closer to 3G

`Tech power' India gets poor billing — Just four ranks away from ITU's `Low Access' category

IBM, i-flex in global tie-up

i-flex overseas listing likely in `next fiscal'

Spanish co sets up office here to tap Asia-Pacific market

New solutions from Agilent Tech

Vote on Reliance offer on Dec 22 — FLAG board to open talks with Pivotal

e-commerce is tough call for Third World: Unctad