IZB Informatik-Zentrum is a subsidiary of Sparkassen Informatik, Frankfurt, the leading IT service provider for savings banks in Germany and one of the largest IT service providers in Europe. Through the partnership, i-flex and IZB Informatik-Zentrum will deliver banking application services, including core banking, lending, risk and internet banking functions as well as the integration and allocation of specific German banking services according to German banking regulations, to private and public banks throughout Germany.

This announcement comes in the backdrop of banks and financial institutions in Germany looking to outsource their IT infrastructure and maintenance. By opting for banking services delivered on an ASP model, these institutions will be able to focus on their core business functions, thus servicing their end-customers more efficiently, while reducing their overall operational costs.

Oliver Trancart, CEO, i-flex solutions b.v., highlighted the importance of this partnership: "Partnering with IZB Informatik-Zentrum gives us access to a huge share of the German banking market, reinforcing our investment and commitment to the largest banking market in Europe. It offers banks the unique possibility to get a wide range of services, from solution outlining and implementation to application service and maintenance out from a single source using FLEXCUBE. It also considerably enriches our experience of the German market, helping augment our knowledge of highly specific regional requirements."

"We are excited that this partnership will bring a completely new offering of IT Services to private banks in Germany. Combining the world's number one-selling core banking solution, FLEXCUBE, with our 40 years experience in providing operational services to whole-sale- and retail banks in Germany will create a-best-in-class service new to the German market," says Dr. Walter Kirchmann, Managing Director, IZB Informatik Zentrum.

About i-flex solutions
i-flex® solutions (Reuters: IFLX.BO and IFLX.NS), majority owned by Oracle, is a world leader in providing IT solutions to the financial services industry, with more than 775 customers in over 130 countries. Its strategy for financial services addresses the challenges that financial services institutions are faced with today. Its range of applications software, custom solutions and consulting services enable financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk.
Together, Oracle and i-flex solutions offer financial services institutions the world's most comprehensive banking applications and technology footprint to address complex IT and business requirements.
i-flex and FLEXCUBE are registered trademarks of i-flex solutions. Reveleus, Daybreak, Mantas, PrimeSourcing, i-flex Consulting and iPFB are trademarks of i-flex solutions and are registered in several countries.
All other company and product names are trademarks of the respective companies with which they are associated. All other company and product names are trademarks of the respective companies with which they are associated.
www.iflexsolutions.com

About IZB Informatik-Zentrum
Since more then 40 years IZB Informatik-Zentrum München-Frankfurt GmbH & Co. KG offers professional IT services to the financial sector in Germany. One of the core values of the service provider are professional consulting services and the delivery of IT services tailored to the specific needs of banks and financial institutions. For IZB Informatik-Zentrum outsourcing implies not only experience and know-how within the IT and the financial sector but it also includes the acceptance of corporate responsibility for its customers. The company is headquartered in Munich and has branch offices in Nuremberg and Offenbach/Frankfurt am Main. With 610 employees IZB Informatik-Zentrum last year generated revenues of 190 Million Euro - of which 45 per cent non captive. Amongst the customers of the IT services specialist are BayernLB, Landesbank Hessen-Thüringen, Sparkassen Informatik, Deka Bank, Deutsche Kreditbank AG, Hauck & Aufhäuser, Sparkassenverband Bayern, State Street and others. IZB Informatik-Zentrum is a subsidiary of Sparkassen Informatik and belongs to Sparkassen-Finanzgruppe, one of the leading commercial banking groups in Germany and Europe.
www.izb-informatik-zentrum.de