Indus springboards into UK financial market

A link-up with database provider TmaxSoft gives India-based ISV Indus a springboard to bounce into the European financial services systems market.

Indus has kicked off its international expansion campaign in the UK and is leveraging TmaxSoft's Tibero alternative to Oracle databases.

Prashant Kaikani, Vice President of Sales for Europe at Indus, said: "With more and more systems struggling to cope with today's growing data needs, there is a real need for solutions that address not only performance but also efficiency.

"For many organisations, replacing their Oracle database would reduce licensing and maintenance costs. However, many believe that the potential development time, staff training requirements, and ultimately change costs, tie them into their Oracle database. This doesn't need to be the case."

Indus became a portfolio company of Black Dragon Capital in July 2015 as part of the VC's financial technology business expansion.

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