Mantas Announces Global Launch of Mantas 5.0

Business Wire, Feb 1, 2007

Includes New Solutions, Scenarios, Analytics & Tools

NEW YORK -- Mantas Inc., a business of i-flex([R]) solutions and a provider of regulatory compliance, loss prevention and revenue generation solutions, today announced the launch of Mantas 5.0, the latest version of its award-winning suite of behavior detection solutions. Examples of new scenarios include support for Asset Management firms, and anti-money laundering (AML) solutions for insurance companies. Advanced user interface and document management features provide users with unparalleled access to information. Mantas also added enhancements to facilitate technology upgrades and integration with industry leading middleware from Oracle and IBM.

"Mantas 5.0 reflects valuable feedback shared by our customers as we have grown worldwide in addition to strong market demand within the compliance industry. This release will enable financial institutions, such as banks, investment and asset management firms, and insurance companies, to more effectively meet compliance regulations in the E.U., US, and other parts of the world through improved performance, accuracy, and usability. Mantas 5.0 is designed to help our global and regional client base comply with new regulations, now and into the future", states Stephen Epstein, Vice President and Head of Product Management for Mantas.

Eva Weber, Analyst at Aite Group notes, "Enterprise-wide compliance is fast becoming a primary consideration for financial services firms. These firms are adopting frameworks that address multiple areas of compliance across multiple lines of business. There's great potential to generate productivity gains and positive ROI from holistic enterprise solutions, so firms should explore their options carefully."

About Mantas

Mantas provides its clients with the industry's most advanced solutions for regulatory compliance, loss prevention and revenue generation. Mantas is a global software company with operations in Europe, the Americas and Asia/Pacific. Recognized as a leader in global operational transparency, the company's products are used by more than 5,000 finance professionals in more than 100 countries. Headquartered in Herndon, Va., the company has offices in London, New York, and Singapore. For further information please visit www.mantas.com.

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.

For information, please visit: www.iflexsolutions.com