REDWOOD SHORES, Calif., July 1 /PRNewswire-FirstCall/ -- -- Today, Oracle and i-flex solutions -- which recently unveiled plans to change its name to Oracle Financial Services Ltd. http://www.oracle.com/corporate/press/2008_apr/ofs.html -- announced that they were evaluated and positioned in the Leaders quadrant of the recent Gartner report, "Magic Quadrant for Operational Risk Management Software for Financial Services."(1)

-- The Gartner Magic Quadrant positions vendors within a particular quadrant based on completeness of vision and their ability to execute on that vision.

-- Oracle's Reveleus Operational Risk solution provides in-depth insight across the enterprise to effectively identify, monitor, and manage operational risk within a comprehensive Governance Risk and Compliance (GRC) framework.

-- Reveleus Operational Risk provides a full-range operational risk framework across assessment, process mapping, workflow management, key risk indicators (KRIs) and loss event capture, including data management and extract, transform and load (ETL) tools for quantitative operational risk and compliance management.

-- Through integration of its Mantas product, Reveleus also can provide surveillance and behavior detection related to anti-money laundering (AML), know-your-customer, fraud and trading compliance.

-- According to Gartner, "This (Leaders) quadrant tends to be occupied by vendors with software applications that are addressing qualitative as well as quantitative aspects of ORM (operational risk management). These vendors have achieved a high level of market acceptance and enable a consistent view of operational risk across the organization as compared to separately designed and implemented risk calculation engines or audit, control and compliance reporting tools. Such vendors approach operational risk more comprehensively and holistically across the enterprise and link operational risk to CPM. They have robust organizational structures and professional services resources."

Supporting Quote

-- "Financial institutions internationally are using Reveleus GRC solutions to help achieve quantifiable benefits, ranging from simple cost efficiencies to improved share price, that are driven by reductions in perceived risk from investors," said S Ramakrishnan, CEO for Mantas and Reveleus. "We believe Reveleus' placement in the Leaders quadrant underscores the value we provide in helping organizations achieve business objectives while also protecting their assets and reputations in the highly competitive financial services industry."

Supporting Resources

Gartner Magic Quadrant for Operational Risk Management Software for Financial Services, 2008, Full Report http://mediaproducts.gartner.com/reprints/oracle/article26/article26.html

Oracle's Reveleus Operational Risk http://www.iflexsolutions.com/iflex/reveleus/oprisk.aspx

Oracle in Financial Services http://www.oracle.com/industries/financial_services/index.html

1. Gartner, Inc. "Magic Quadrant for Operational Risk Management Software for Financial Services" by Douglas McKibben and David Furlonger, June 6, 2008

The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Reference herein to third party content, including analysis, opinions, predictions and statements, does not constitute or imply Oracle's endorsement of or concurrence with such content.

About Oracle

Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO) Trademarks

Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

CONTACT: Kevin Ruane of Oracle, +1-650-506-6610, kevin.ruane@oracle.com

Web site: http://www.oracle.com/