About Saudi Arabia | About us | Contact us | Events | Free Email  | HOME |Privacy Policy | Traveling to Saudi Arabia

 
 Saudi Business Tools Companies News  KSA Weather
 Saudi Arabia Business News
 Business Opportunities
 Saudi Arabia Business Guide
 Saudi Companies Directory
 Corporate Services
 Currency Exchange
 Saudi Arabia Events
 Local News
 Saudi Stocks
 Economic Reports
 Saudi Arabia Travel
 Saudi Arabia Weather
 Submit Press Release
 Read Press Releases
 Jeddah Commercial guide
 Saudia Flight Schedules 

 Post a job!
 Job Openings


i-flex opens office in DIC to consolidate Middle East presence
 

To further address the Middle East banking and financial services industry needs with leading edge technology solutions

   

 Dubai, February 2, 2003: i-flex solutions (Reuters: IFLX.BO/IFLX.NS), the leading provider of information technology solutions to the global financial services industry, today announced its plans to set up a Middle East office in Dubai Internet City (DIC).

The office opening reiterates i-flex’s commitment to the region as a strategic growth market. The office will serve as a hub for the company’s marketing and sales activities in the Middle East and will eventually be expanded to incorporate a technology support center. The move is intended to increase the company’s local presence and to address the growing demand for IT solutions in the region’s banking and financial services industry.

“As part of our global expansion strategy, we are further strengthening our presence in the Middle East to help us reach out and serve our existing and potential customers in the region better. Dubai was a natural choice for us due to its favorable business climate, excellent infrastructure in addition to proximity to the entire region,” said Rajesh Hukku, Chairman and Managing Director, i-flex solutions.

i-flex has already garnered 25 financial services; customers in the region including leading names such as Emirates Bank, Mashreq Bank, Abu Dhabi Commercial Bank and Dubai Bank in U.A.E, Bank of Kuwait & the Middle East (BKME) and Gulf Bank in Kuwait and Investcorp in Bahrain. i-flex already has a support center in Kuwait to service its existing customer base.

…2
-2-

i-flex offers IT solutions to banks and financial institutions that are seeking to enhance customer service levels, respond rapidly to market demands and reduce costs. i-flex’s products and services include FLEXCUBE, the next generation core-banking solution with multi-channel delivery capability including Internet Banking and WAP, PrimeSourcingTM, i-flex’s customized application software development services and support as well as Reveleus, its Business Intelligence solution.

“The growth potential for our products and solutions in the Middle East market is immense, as banks in the region are becoming more competitive and focused on customer service. There is an urgency amongst banks in the region to invest in newer technologies with a view to providing the best experience to their customers, reducing transaction processing costs and addressing integration needs across various businesses and delivery channels. With our existing customer base coupled with local presence and strong partnerships, we are very strongly placed to capitalise on this opportunity,” said N.R.K Raman, Senior Vice-President, Global Sales, i-flex solutions.

i-flex, which is 43.2% owned by Citigroup, has subsidiaries in the USA, Netherlands and Singapore.


About i-flex solutions
i-flex solutions (Reuters: IFLX.BO & IFLX.NS) is a leading provider of information technology solutions to the financial services industry worldwide through a comprehensive range of products and customized service offerings. i-flex enables financial institutions to reduce costs, respond rapidly to market needs, enhance customer service levels, and mitigate risk, through its suite of proven products and services. i-flex has provided IT solutions and services to more than 370 customers in over 85 countries. With more than 2,200 employees, nine development centers, including one in Singapore, and sales, marketing and support presence covering 16 overseas locations, i-flex has a strong global reach. i-flex is represented in over 50 countries through more than 30 corporate business partners. i-flex has strong alliances and implementation relationships with global leaders including HP, IBM, Intel, Microsoft, Oracle, and Sun Microsystems. For further information please visit: www.iflexsolutions.com. For Further Information please contact:

Robin Duff/ Prem A. Ramachandran
ASDA'A Public Relations
P.O.Box 28063
Dubai - UAE
Tel: 04 3344550
Fax: 04 3344556
Email: info@asdaa.com
Peter Yorke
i-flex solutions limited, Bangalore, India
Ph.: +91-80-228 4300 or 228 6030
Fax: +91-80-228 4313/4
E-mail: peter.yorke@iflexsolutions.com




 

  print this Page
Send Page To a Friend

 

 


DISCLAIMER: The content of each press release is the responsibility of the publishing organization and is not vetted or approved by Saudia-Online.com prior to publication. Saudia-Online.com is not liable directly or indirectly for any direct or consequential loss, damage or expense resulting from the material disseminated and published on the site. Subscribers are advised to check the accuracy of all press releases and to obtain their own professional advice in relation to such information.


Saudi Arabia Weather
Your city by Satellite

 Services

Domain name Registrations  start at ONLY $15.00 per year.
FREE Services with domain registration:

- 10 page web site.
- 100 personalized
- email addresses.
- Web/URL forwarding.
- See our: Complete services page for more.
 

Quick Links  Hosting Special
 About Saudi Arabia
 About us
 Advertising
 Arabic cuisine
 Arabic newspapers
 Arabic radio and TV
 Free downloads
 Saudi Arabia ISP's
 Science and Technology
 Send us feedback
 Traveling to Saudi Arabia
 World video news from CNN
 
 BBC News 24
 BBC World Service radio
 
NPR Hourly News

Today's Cartoon
From Arab News®


 For:

Only $15/Year

 

500 MB Disk Space
10 GB Transfer
Unlimited:
         POP Emails
         Sub domains
         FTP Accounts
         Databases
CGI, SSI, Perl, Python
FrontPage 2002
PHP
C, C++, GDB
MySQL, PostgreSQL
Telnet (SSH)
Shopping Cart
Mailing Lists
Detailed Statistics
Static IP Address
Multilanguage Chat
Multilanguage Forums
 Learn more
 

 Comunity Services

 
Email login:
 
 Password:
    

 

 Email
 Chat in Arabic
 Chat in
English
 Message Boards
 Saudia-Online Forum
 Classifieds
 Events

 Prayers Time finder
 Gift Reminder
 SaudiMade
          
Free Hosting
 Travel2Saudi
         Free Hosting

 

             

Make Saudia-Online My Start Page  -  Bookmark Saudia-Online
Contact Us -  Advertising Info -  About Us -  Terms Of Service -  Add My Site -  Privacy Policy 

© 1999-2003 by Horizon for Commercial Development Co., Ltd, All rights reserved.
  Saudia-Online,Malls2Save,JeddahMalls,RiyadhMalls,RiyadhShops,SaudiMade,Travel2Saudi and HDC are  trademarks of Horizon for Commercial Development Co. Ltd.  P.O. Box 14657, Jeddah 21434, Saudi Arabia
 Telephone 00966-2-6693585, Fax 00966-2-6693472
Webmaster@saudia-online.com

Sunday, 16 February 2003 03:33:52 PM -0000

  Internet Explorer
Best View  800 X 600 - Explorer 6