Anti-Terror Posturing: Oracle Attempts to Flex Its Muscle

["Fergie" <fergdawg () netzero net>]

...and so it begins.

Via internetnews.com.

[snip]

Oracle may be getting into the anti-terror business.

The company is contributing $125 million in capital to help subsidiary
i-flex Solutions finance the acquisition of Mantas, an anti-money
laundering and compliance solutions company based in the Washington,
D.C., suburb of Herndon, Va.

I-flex, based in Mumbai, India, said it will use $122 million of those
$125 million to acquire Mantas.

Barry Vasudevan, a spokesman for Mantus, told internetnews.com that
Mantus will be paired with another i-flex subsidiary, Edison,
N.J.-based Reveleus, which specializes in regulatory compliance and
risk management.

Mantas' solutions, such as money laundering tool Behavior Detection
Platform, play in a market estimated to be worth $20 billion by 2008,
i-flex said in a statement.

[snip]

More:
http://www.internetnews.com/ent-news/article.php/3626251

- ferg


--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg(at)netzero.net
 ferg's tech blog: http://fergdawg.blogspot.com/


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