Top Israeli Bank Selects Mantas Platform for Enterprise Compliance

Business Wire, March 15, 2007

Mantas Selected to Boost International Growth

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 a new relationship with a top Israeli bank. Mantas was chosen because of its global reputation and expertise in designing solutions to meet regulatory demands across multiple lines of business, all on a single platform.

In addition to finding a vendor with a history of successful implementations, the full-service commercial bank focused on a solutions provider who could offer a single platform to handle large volumes of disparate data. The bank, which provides a complete range of personal and commercial banking, trade services and innovative bank deposit products, found that Mantas has the industry's most comprehensive solution for exceeding regulatory requirements and minimizing risk.

"Our client's business requirements were to grow their business and to address current and future regulatory requirements. By implementing the Mantas platform, with its proven ability to meet global regulatory demands, our new customer has unparalleled ability to future-proof their compliance initiatives," said S. Ramakrishan, CEO for Mantas and Reveleus. "We've seen a substantial increase in customers from around the globe looking for holistic enterprise compliance solutions. With Reveleus we are now in a position to offer significant enterprise solutions like the financial services industry's first Governance, Risk and Compliance (GRC) framework."

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.

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 information, please visit: www.iflexsolutions.com