Oracle launches financial-services unit

By Dawn Kawamoto
Staff Writer, CNET News

Related Stories: Oracle to boost stake in Indian software firm
August 14, 2006; Oracle buys stake in Indian banking software firm
August 2, 2005

Oracle on Tuesday announced that it has launched a global financial-services business unit, using its investment in banking-application company I-flex Solutions to consolidate its future and current acquisitions in the financial-services software industry.

The unit, which will be headquartered in New York, will be headed by Rajesh Hukku, chairman of I-flex. The unit will include such financial-services applications as I-flex's Flexcube and Reveleus, as well as software from Oracle.

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