This strategic relationship with Oracle Financial Services Software Limited represents a significant breakthrough for Solix and our channel strategy
Santa Clara, CA (PRWEB) February 17, 2009
Solix Technologies, the leading provider of enterprise data management solutions used by large enterprise customers to manage business critical data, today announced a global partner agreement with Oracle Financial Services Software Limited, a majority owned subsidiary of Oracle Corporation.
Based on the agreement, Oracle Financial Services Software will offer Solix EDMS as embedded functionality in Oracle FLEXCUBE to help automate archive and purge processes by classifying data, configuring and executing archiving and data migration routines. This will help ensure that data remains secure giving Oracle FLEXCUBE customer's greater control over enterprise data. Moreover, Oracle FLEXCUBE would be enabled to ensure that data can be restored quickly and accurately as and when required. This coupled with the ability to retain real-time historical data is expected to deliver added value to Oracle FLEXCUBE customers, helping them comply with legal and regulatory requirements.
With built-in access to the Solix EDMS functionality, Oracle FLEXCUBE is expected to provide the following benefits:
- Improved system performance and response times by keeping the FLEXCUBE database as slim as possible by reducing the amount of data in the application database.
- In conformance to privacy regulations, security of non-production data, enforcement of access controls and logging and auditing of activity.
- Protection of sensitive data against security threats from within the organization.
"This strategic relationship with Oracle Financial Services Software Limited represents a significant breakthrough for Solix and our channel strategy," said Shekhar Dasgupta, president and chief operating officer. "Oracle Financial Services Software is a well-recognized brand and trusted partner in the global financial services industry. Through this partnership, we will provide the IT industry's best data management solutions, to the world's biggest and most influential financial services companies."
"We are pleased that our relationship with SOLIX will enable us to offer archiving functionality to Oracle FLEXCUBE customers. This will assist them in meeting regulatory reporting requirements about how data is protected and managed throughout the entire lifecycle," said Joseph John, Executive Vice President - Banking Products, Oracle Financial Services Software Limited.
Solix EDMS enables organizations to create and deploy consistent policies for managing, securing and storing data from a single platform and single tool. The result is improved performance, improved availability through shorter backup & recovery times, improved productivity to maintain the production system, and lower storage costs.
About Solix Technologies, Inc.:
Solix Technologies is a leading provider of enterprise data management solutions that successfully help organizations worldwide meet compliance requirements and achieve Information Lifecycle Management (ILM) goals and strategies. Solix has an extensive global client base, including Fortune 500 companies, and is considered the standard for enterprise data management.
Solix is headquartered in Santa Clara, California and has global presence with offices in North America and Asia and a growing list of local resellers and system integrators around the world. Our worldwide support center provides 24x7 support services and has an unmatched reputation for our dedication in helping to achieve customer success.
Solix Technologies provides best-of-breed solutions and has partnered with leading platform and application vendors like Oracle, Google, NetApp, EMC and Sun Microsystems to effectively cater to our customers' unique environments and evolving needs.
About Oracle Financial Services Software Limited:
Oracle Financial Services Software Limited is a world leader in providing products and services to the financial services industry and is a majority owned subsidiary of Oracle. Oracle Corporation (NASDAQ: ORCL) is the world's largest business software company. For more information, please visit http://www.oracle.com/financialservices .
Oracle is a registered trademark of Oracle Corporation and/or its affiliates.