i-flex Opens Development Center in the US

i-flex solutions, provider of information technology solutions to the global
financial services industry, has announced the opening of its Development,
Support and Demonstration Center in New York City, US. The Center would provide
customers and partners the infrastructure to evaluate i-flex's products and service capabilities in addition to supporting current
and future deployments in the region.

The Center, located in midtown Manhattan, at the heart of the financial services marketplace will also provide 24/7 backup
and support for FLEXCUBE, Reveleus and PrimeSourcing customers in North America.

The Center provides demonstration of a model end-to-end integrated architecture. It also offers support capabilities where
financial institutions and partners alike can test, run prototypes, conduct analysis
and solution assurance; develop architecture definitions; and run proof-of-concept activities for FLEXCUBE and Reveleus; i-flex s business
intelligence, data warehousing and analytics offerings.

"The opening of Development, Support and Demonstration Center in North America marks another significant milestone for
i-flex solutions in this region. We now offer our customers and partners in North America a
technology center where they are able to evaluate our award-winning technology first hand," said, Rajesh Hukku, Chairman and Managing Director,
i-flex solutions. "In addition to the technical facility, we are expanding
our business continuity planning proposition, providing greater assurance to
our customers in North America by establishing a backup facility right in their own country," he added.

(CNS)