Oracle Ups i-Flex Stake

Oracle Corp. (Nasdaq: ORCL) has paid $1.08 billion to increase its stake in I-Flex Solutions Ltd. to 82.9 percent. Oracle had announced in 2005 that it would acquire a 61% stake, by acquiring Citigroup Venture Capital‘s 40% stake, plus an additional 20% from public shareholders. A recent regulatory filing, however, indicates that it only held 54.8 percent. I-Flex is an India-based maker of banking software.< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />