i-flex Solutions recognized as a "Deal Leader" in Global Banking Platforms by Independent Research Firm

i-flex Solutions Ltd, on September 21, 2007 has announced that independent technology and research company, Forrester Research Inc., has recognized i-flex as a "Deal Leader" and an "undisputed heavyweight in the global banking platform arena" in the August 2007 report Global Banking Platform Deals 2006: Vendors.

The Company signed the highest number of banking platform deals (48 out of 242 surveyed in the report) among a select group of 14 vendors of globally deployed banking platforms that Forrester surveyed for the report. Forrester categorized survey participants into five distinct groups based on global sales success, global reach, and the homogeneity of their product portfolios. The groups in descending order are Deal leaders, Global challengers, Global pursuers, Rising players and Base players.

"This is a reflection of the value that our solutions portfolio provides our customers worldwide. We are acutely aware of the changing dynamics of the market place and the pressure that banks are under to increase customer intimacy and competitive differentiation, reduce costs and address the complexity of regulations. Our solutions are targeted towards helping banks address these challenges and mitigate risks," said N R K Raman, Managing Director and CEO of the Company.

The stock closed the day at Rs.1839.65, down by Rs.15.30 or 0.82%. The stock hit an intraday high of Rs.1872 and low of Rs.1810.

The total traded quantity was 16756 compared to 2 week average of 4771.

Source : Equity Bulls

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