FLEXCUBE No.1 Selling Banking Solution in the World for Fifth Consecutive Year

    LONDON, March 2 /CNW/ -- i-flex(R) solutions (Reuters: IFLX.BO & IFLX.NS)
today announced that FLEXCUBE(R), its flagship product, has retained its
leadership position as the world's No.1 selling banking solution for the fifth
consecutive year.
    International Banking Systems (IBS), UK, in its Annual Sales League
tables for 2006, unveiled in London on March 1, 2007, has ranked FLEXCUBE as
the No.1 Universal Banking Solution. Moreover, FLEXCUBE leads all other
products, across all other categories, in terms of number of new wins for
    FLEXCUBE is the first product ever to have achieved the distinction of
being ranked No. 1 for five years in a row in the IBS Sales League tables.
    For several years, IBS has been the most definitive source of news,
research and analysis relating to banking operations and systems
internationally. Their Sales League table, published annually, is renowned for
its independence and breadth of coverage of the banking IT systems market.
    Commenting on the ranking, Rajesh Hukku, Chairman and Managing Director,
i-flex solutions, said: "Our mission, since our inception, has been to empower
the global financial services industry with superior and effective technology
solutions; and our continued leadership position in the IBS rankings, is a
strong independent endorsement of our progress on this mission.  This
achievement is testimony to the comprehensive functionality, scalability,
reliability and state-of-the-art architecture of the FLEXCUBE solution."

    About i-flex solutions
    i-flex(R) solutions (Reuters: IFLX.BO and IFLX.NS) is a world leader in
providing IT solutions to the financial services industry, with more than 720
customers in over 120 countries. Its range of products, custom solutions and
consulting services enable financial institutions to cut costs, respond
rapidly to market needs, enhance customer service levels and mitigate risk.
Oracle holds a majority stake in i-flex solutions. This strategic relationship
provides financial institutions around the world with an unmatched,
comprehensive and integrated suite of solutions.
    i-flex and FLEXCUBE are registered trademarks of i-flex solutions.
Reveleus, Daybreak and PrimeSourcing are trademarks of i-flex solutions and
are registered in several countries. All other company and product names are
trademarks of the respective companies with which they are associated.

    For more information on FLEXCUBE, please visit:

    For more information on the press release, please contact:

    Louis Jude
    i-flex solutions
    Phone: +44 207 531 4400
    Mobile: +44 7841 1512 73
    Email: jude.louis@iflexsolutions.com

    Mallika Basu/Nicola Marshall
    The Communication Group plc
    Phone: +44 20 7630 1411
    Email: mbasu@thecommunicationgroup.co.uk
    Email: nmarshall@thecommunicationgroup.co.uk


For further information:

For further information: Louis Jude, i-flex solutions, +44-207-531-4400,
 Mobile - +44-7841-1512-73, jude.louis@iflexsolutions.com; Mallika Basu, 
mbasu@thecommunicationgroup.co.uk, or Nicola Marshall, 
nmarshall@thecommunicationgroup.co.uk, both of The Communication Group plc at 

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