Mantas Takes First Place in Waters Rankings for Anti-Money Laundering

Business Wire, June 27, 2007

Solidifies "Gold Standard" Position After Consecutive Wins in 2005 and 2004

NEW YORK -- Mantas, a business of i-flex([R]) solutions (Reuters: IFLX.BO & IFLX.NS) and a provider of regulatory compliance, loss prevention and revenue generation solutions, today announced that it won the fifth annual Waters Ranking for Best Anti-Money Laundering (AML) Solution.

The award is voted on by the subscribers of Waters, the monthly magazine that covers information technology and solutions in the financial services industry. Waters is recognized as the leading publication in this area. Nearly 600 subscribers of Waters voted in this year's rankings. The AML category generated the largest number of votes cast by financial professionals across two dozen categories, and Mantas won by a sizeable margin.

Mantas Anti-Money Laundering, provides automated, comprehensive, and consistent surveillance of accounts, customers, and correspondents across all business lines for suspicious activities and possible money laundering. Mantas has long been considered the "gold-standard" in AML solutions based on a history of successful implementations at many of the world's leading financial institutions such as ABN Amro, Barclays Capital, Charles Schwab, and Merrill Lynch.

"By winning with such a large margin, Waters readers made their opinion of Mantas AML solutions clear," said Phil Albinus, special projects editor, Waters. "Anti-money laundering solutions are vital in today's global capital market space and Mantas' repeat victory shows their commitment in this space."

Mantas has also won a string of Waters awards, including consecutive victories for AML in 2005 and 2004 and Best Compliance Solution in 2003.

"Mantas continues to work hard to ensure our products, including the Mantas AML solution, meet the demanding needs of our customers and the financial services market in general. Mantas AML and our other solutions from Mantas and Reveleus are designed to give our customers confidence in their processes to control risk, manage compliance and prevent fraud. It is gratifying that our solutions also give our customers confidence in us," notes Stephen Epstein, Vice President and Head of Product Management for Mantas.

About Mantas

Mantas, a wholly owned subsidiary of i-flex solutions, 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), majority owned by Oracle, is a world leader in providing IT solutions to the financial services industry, with more than 750 customers in over 125 countries. Its range of applications software, custom solutions and consulting services enable financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk.

Together, Oracle and i-flex solutions offer financial services institutions the world's most comprehensive banking applications and technology footprint, alongside the expertise, to address the most complex IT or business requirements. Financial services institutions will be the main beneficiary of this offering and will now enjoy best-in-class solutions that are better synergized.

i-flex and FLEXCUBE are registered trademarks of i-flex solutions. Reveleus, Daybreak, Mantas 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, please visit: www.iflexsolutions.com.