I-flex Solutions (IFLEX), majority owned by Oracle Global Mauritius (81.02%), is a world leader in providing IT solutions to the financial services industry with more than 765 customers in over 130 countries. The company was incorporated on Sept. 27, 1989 as Citicorp Information Technology Industries and got its current name on Mar. 30, 2000. The company has a range of application software, custom solutions and consulting services. Products include Flexicube, a complete banking product suite; Daybreak, a consumer lending system; Reveleus, a suite of analytical applications for risk management; Castek, providing solutions for insurance industry; and i-flex Process Framework for Banking (iPFB), a banking process repository.
The technology deployment and management services (TDMS) division specializes in conceptualization, design, evaluation, implementation and management of IT infrastructure for financial institutions. Its clientele includes names like Development Bank of Mauritius, Federal Home Loan Bank of New York, Korea Exchange Bank, Public Bank in Malaysia. The company has a strong global reach with a sales, marketing and support presence in 27 overseas locations operating under six subsidiaries (i-flex solutions Inc., USA; i-flex solutions BV, The Netherlands; i-flex solutions, Singapore; and SuperSolutions Corporation, Equinox Corporation and Mantas Inc. in the USA). i-flex Processing Services (iPSL) is also a 100% owned subsidiary of the company. i-flex solutions SA, Greece and Flexcel International are also part of the company. In addition, i-flex is represented in 85 countries through over 40 corporate business partners. i-flex also has strong alliances with Hewlett-Packard, IBM, Sun Microsystems and Intel. Its registered office is at Unit 10-11, SDF I, SEEPZ, Andheri (East), Mumbai-400096.
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