I-flex Solutions Announces Strategy For Accelerated Growth & Expansion Of Executive Management & Boa

i-flex Solutions Ltd on May 01, 2007 has announced the expansion of its leadership team to support accelerated growth and acquisitions, and to better leverage Oracles global organization for the banking industry.In a related development, Oracle on May 01, 2007 announced the formation of a new Financial Services Global Business Unit (FSGBU) headquartered in New York. The FSGBU will consolidate Oracles financial services applications, domain experts, and related services into a single business unit with global scale dedicated to the financial services industry.The following changes to the Companys executive management and Board of Directors were approved by the Companys Board at its meeting on May 01, 2007 and are effective immediately.- Rajesh Hukku, the current Chairman and Managing Director, will head the new Oracle Financial Services Global Business Unit, in addition to his the Companys oversight responsibilities. He will continue on the Companys Board as non-executive Chairman.- N R K Raman, currently Chief Operating Officer, joins the Board as Managing Director and Chief Executive Officer of the Company.