3i Infotech and Oracle launch Technology Centre of Excellence

3i Infotech Ltd on December 12, 2006, has announced that it has partnered with Oracle, the worlds largest enterprise software company to develop a Technology Centre of Excellence for Insurance in Chennai. Through this relationship, the Company will gain access to Oracle's extensive network of partners in the region as well as take advantage of Oracles innovative solutions. The solutions developed at this centre will be powered by Oracle E-Business Suite, Oracle Database and Fusion Middleware technologies targeted at the Europe, Middle East and Africa (EMEA) regions where the Company is a leading provider of insurance solutions.

Through this partnership, Oracle and the Company will endeavour to empower insurers by offering cutting edge architecture-based technological tools featuring Oracle E-Business Suite combined with Company's global Insurance Solution - PREMIA. The development work being undertaken at the technology centre of excellence is aimed at helping customers in the insurance industry better address strategic business challenges.

Commenting on the initiative Mr Hari Padmanabhan Dy Managing Director of the Company said "This initiative highlights 3i Infotech’s commitment to provide compelling technology solutions with significant value to regional insurance businesses. Through our relationship with Oracle we will gain access to Oracle's extensive network of partners in the region as well as take advantage of Oracle's innovative solutions."

"Through the Technology Centre of Excellence for Insurance we can complement our joint regional campaigns and provide our growing customer base with unmatched global delivery capabilities", added Mr Padmanabhan.

The Company has also recently been selected by Oracle to the International ISV Program in EMEA. At the launch of its 'Technology Centre of Excellence for Insurance’, the Company demonstrated the integration of PREMIA with Oracle E-Business Suite, built using Oracle BPEL (Business Process Execution Language) Process Manager, a member of the Oracle Fusion Middleware family of products.

PREMIA, has been widely deployed at over 100 sites worldwide including AIG, Liverpool Victoria, Liberty Mutual, Dryden Mutual, and Hallmark Insurance. The Company, deployed on Oracle Database 10g, are available in the most robust, scalable and secure environment. They can be implemented on a wide range of operating systems, providing flexibility for IT investments.

The Company is a Certified Partner in the Oracle® Partner Network.

Source : Equity Bulls

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