Oracle, a producer of database software, on Monday announced that it will sink an additional $125 million into Indian software firm i-flex solutions, boosting its stake in the company from 52.5 percent to 55.1 percent, Reuters reports.Oracle is attempting to aid i-flex in its ongoing acquisition of Mantas, a United States-based producer of anti-money laundering software and related offerings, according to Reuters.Oracle will be issued some 4.45 million i-flex shares at roughly $28 per share as part of a preferential allotment, Reuters reports.I-flex shareholders are to meet on Sept. 12 to OK the acquisition, and Indian law also calls for Oracle to make a required open offer to purchase another 20 percent of the i-flex shareholders’ shares for approximately $31.67 each, according to Reuters. Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by SAP Innovative integration drives automotive group to SAP awards Using SAP Build Process Automation, China Grand Automotive Services Group Co., Ltd. accelerated and streamlined processes for its 700+ dealerships, saving time and costs while earning recognition for its innovation. By Tom Caldecott, SAP Contributor Dec 11, 2023 4 mins Digital Transformation news Concerns remain even as the EU reaches a landmark deal to govern AI Experts believe the new regulation would add a significant compliance burden on businesses as some argue it could even stifle the growth of the rapidly developing technology. By Gagandeep Kaur Dec 11, 2023 7 mins Regulation Artificial Intelligence feature CIOs grapple with the ethics of implementing AI With ethical considerations around AI use increasingly top of mind, IT leaders are developing governance frameworks, establishing review boards, and coming to terms with the difficult discussions and decisions ahead. By Esther Shein Dec 11, 2023 13 mins Generative AI Data Governance IT Governance feature Reed Smith turns to AI for lawyer staffing solution The legal firm’s Smart Resourcing tool helps balance workloads and ensure partners find associates with the right skills and experience, while empowering employees to make connections across the firm’s global footprint. By Sarah K. White Dec 11, 2023 8 mins CIO 100 Legal Digital Transformation Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe