Oracle and i-flex solutions on Thursday unveiled plans to change their name to Oracle Financial Services Software Ltd. Oracle has been recognised as a Global Power Seller according to Forrester Research's June 2008 independent report, "Global Banking Platform Deals 2007: Vendors."
Forrester Research defines Global Power Sellers as "leaders with more than 35 new banking platform clients at least in six different regions of the world in 2007." According to the report, Oracle won a total of 71 deals with new clients, more than any other vendor. Deals were won across Oracle Financial Services Global Business Unit product lines including Oracle's Siebel, Oracle's FLEXCUBE and the Oracle Financial Services Applications.-PR