WWB Colombia Selects Oracle's FLEXCUBE

MUMBAI, India--(Business Wire)--
i-flex(R) solutions (MUMBAI:IFLX) (NSI:IFLX), a leading provider
of IT solutions to the global financial services industry today
announced that:

-- WWB Colombia, a leading Latin American micro finance
institution with headquarters in Cali, Colombia, has chosen
FLEXCUBE(R) for its core transaction processing

-- The selection reinforces FLEXCUBE's leadership in the Latin
American and Caribbean market. It has customers in 16
countries in the region and this win marks the addition of a
micro finance institution to an already varied portfolio of
customers

Supporting Quotes

-- Clara Serra de Akerman, President, WWB Colombia said "We
selected i-flex as our technology partner for the future
following a rigorous evaluation procedure. FLEXCUBE's
functionality and flexibility combined with i-flex's global
track record of delivering projects and its parentage of the
world's leading software provider like Oracle were critical
factors that helped us make our decision. This next-generation
system will enable us to service our customers better, launch
new products faster and enable us to compete effectively in
the local and global marketplace."

-- "We demonstrated the flexibility and coverage in FLEXCUBE
required to serve the micro finance business, which is WWB
Colombia's specialization. In fact, we are addressing these
business needs on a single platform," said N R K Raman, CEO
and Managing Director, i-flex solutions. He added: "WWB
Colombia is a prestigious win for us. It marks our entry into
Colombia which is a strategic market for us in Latin America.
This reinforces our leadership track record in Latin America
where increasingly banks are looking at replacing their legacy
systems."

For more information, please visit: www.iflexsolutions.com

i-flex solutions
Eapen Thomas, +91 .22.6718.5132
Fax: +91 .22.2823.5231
eapen.thomas@iflexsolutions.com

Copyright Business Wire 2008