Redwood Shores, Calif. – July 15, 2010
Leading research and advisory firm, Celent, has named Oracle a leader in core banking sales for 2010.
Celent’s Big Leagues Table ranks vendors on the number of new name core banking deals won in the 12 months ending September 30, 2009.
The Celent Big Leagues Table assesses the success of a core banking vendor based on a proxy for value of the deals won, rather than the number. A ranking that revolves around the number of deals would give a skewed representation, because it would not take into account the size of the implementation. Celent believes that a sales ranking should include both the size of the deals and an adjustment for the geographical location of the implementation.
According to the report, “Oracle topped the Celent Big Leagues Table for 2009, beating out other competitors like Temenos and TCS. Oracle had some high-profile wins that kept it at the top.”
The report also noted that, “(Oracle’s) popularity can be seen by the fact that it led the rankings in all the regions, except for Western Europe. It had a clear advantage in its traditional African and Asian markets, with deals ranging from large banks to small cooperative financial institutions.
Celent's Big Leagues Table 2010: Global Core Banking Sales Ranking report is available at www.celent.com (www.celent.com/) .
“Celent’s recognition of Oracle reflects the combined strength of our solutions, as well as our extensive global reach. Financial institutions worldwide continue to turn to Oracle Financial Services to address their most critical business requirements, reduce risks, maximize operational efficiencies and increase competitiveness,” said NRK Raman, Chief Executive Officer and Managing Director of Oracle Financial Services Software.
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About Oracle Financial Services Software Limited
Oracle Financial Services Software Limited (referred to as "Oracle Financial Services Software") (Reuters: ORCL.BO & ORCL.NS) is a majority owned subsidiary of Oracle. For more information, visit www.oracle.com/financialservices (www.oracle.com/financialservices) .
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