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BANGALORE, March 5

I-FLEX Solutions today announced that its flagship product `Flexcube' had been ranked as the world's number one universal banking solution for 2002 in terms of sales by International Banking Systems (IBS), UK. Universal banking solutions included back-office for treasury, retail, private and commercial banking systems, said a company press release.

The IBS Sales League Table is published by IBS Publishing, based on a worldwide annual survey of sales of corporate, retail and private banking solutions. IBS is an independent research and publishing house dedicated to the wholesale, retail and private banking systems market. Their publications are globally recognised for their coverage of the banking systems market with investigative news, features and surveys.

Flexcube is the only software product designed and developed by an Indian company to feature in the top five banking solutions for 2002.

It had been consistently rated among the top selling banking solutions since its inception, five years ago, the release said.

"It is a proud day for us at i-flex and for the Indian software industry as it reinforces our belief that India has the potential to develop, market and support world-class software products. We are delighted with this recognition," said Mr Rajesh Hukku, Chairman and Managing Director, i-flex Solutions Ltd.

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