oracles-indian-subsidiary-iflex-acquires-us-company

Oracle's Indian subsidiary i-flex acquires US company

IndiaÆs i-flex Solutions (a 52.5% subsidiary of Oracle) acquires Mantas in an all cash transaction for $122.6 million; Oracle to fund acquisition, triggering open offer by Oracle to minority shareholders of i-flex.
IndiaÆs i-flex Solutions ôi-flexö, which is a 52.5% subsidiary of Oracle, yesterday announced it would be acquiring Mantas of the USA in an all cash transaction for $122.6 million. The acquisition is also going to trigger an open offer by Oracle to minority shareholders of i-flex.

Mantas is a privately held company headquartered in Virginia with offices in New York, London and Singapore. Its major shareholders include NYSE listed Safeguard Scientifics and SRA International. Mantas provides anti-money laundering AML and compliance software and services with a customer base which includes ABN AMRO, Barclays Capital, Charles Schwab, Citigroup, Credit Suisse and Merrill Lynch. i-flex and Mantas are well known to each other. The two...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222