Larry Ellison is so bullish that his company just took over iFlex as their third biggest acquisition of the year. After PeopleSoft and Profit Logic, CitiBank’s Tech group iFlex will be controlled by Oracle.
Earlier this year when Oracle took over PeopleSoft, I wasn’t sure of their plans. Having been in the PeopleSoft Data Warehousing consulting arena, close to 4 years, I had vested interests in PeopleSoft being taken over by another ERP giant. Not anymore. Because it seems like the consolidation is truly becoming the order of the day. And I’ve matured over the time to think mergers, consolidations and hostile takeovers are all fine until they do good for customers and shareholders. At the end of the day if the customer gets a better software solution, any thing is fine because business these days does not bother too much of ethics.
Having worked in Citibank for a short period of time, I have worked alongwith iFlex people even before, when it was called as CitiCorp. And I have to say, buying out iFlex is only going to do good for Oracle. IFlex has one of the best banking software in India. My buddies keep saying that iFlex’s Flexcube is much powerful than Infosys’ Finacle and Temenos’ Globus. But i’m not taking a guess at it. Whatever be it, banking is one area were software services never stop growing. We have been witnessing the growth of Polaris over the last few years given the fact that most of their client are in the banking industry. Larry Ellison’s this move is certainly startegic and would reap fortunes for Oracle. So the next time iFlex sells a thousand installations of Flexcube, Oracle dB comes along with it. Neat, isn’t it ?.
Despite the growing contention over him, Larry is certainly Oracle’s Oracle. He just made Oracle Inc as India’s largest enterprise vendor. Need say more.