i-flex's sixth centre in Chennai

By Our Corporate Reporter

CHENNAI, JULY 19. i-flex solutions plans to set up an offshore development centre here. It is a crucial step in I-flex's expansion programme to address all the facets of financial services software. This 25,000 sq. ft centre hosts state-of-the- art infrastructure. With an initial investment of Rs. 15 crores, the Chennai facility will focus on the development of customised software for large investment banks, private banks, securities trading houses and brokerage establishments, said Mr. Deepak Ghaisas, CEO, India operations, at a press conference here.

The Chennai facility, the sixth development centre, will tap the huge potential of investment and wealth management systems globally, said Mr. N. R. K. Raman, Head, IT service division. The company has two development centres in Bangalore and Pune each and one in Mumbai.

i-flex is an SEII CMM level 5 company and employs more than 1,800 professionals. It has established 12 global support centres across the world.

It has entered into alliances with Accenture, Compaq, Hewlett Packard, IBM, Intel, Microsoft, Oracle and others. The company has provided IT solutions and services to more than 290 financial institutions in over 70 countries. Flexcube, its flagship product has been ranked among the world's top two largest selling wholesale back office banking systems.

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Section  : Business
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