"Lending Club Selects Intelenex to Implement Oracle's First SaaS Rollout of Fusion Financials

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| Source: Intelenex, Inc.

Santa Rosa, Sept. 29, 2012 (GLOBE NEWSWIRE) -- Intelenex, an industry leading provider of consulting and implementation services for Oracle Applications Software, announced today that Lending Club has chosen Intelenex to implement Oracle Fusion Financials to replace their existing core financial platform to improve the management of its core finance business functions.

This implementation will be Oracle's first SaaS rollout of their recently released Fusion Financials, a component of the Oracle Fusion Applications suite, which revolutionizes productivity and information access with native, real-time intelligence.

"We are pleased and excited to be the first systems integrator to perform an implementation of Oracle Fusion Financials. Having implemented a number of Fusion Applications internally, Intelenex is uniquely positioned to a deliver a successful Fusion Financials Implementation for Lending Club. Intelenex was an early adopter of Fusion Applications, and we have been very impressed with the functionality, ease of use and business value we have derived from the applications", said Dave Krauthamer, CEO of Intelenex.

Lending Club has experienced continued growth both from a revenue, employee and business requirements perspective. As part of the Oracle Fusion Financials implementation, Lending Club and Intelenex will also work together to re-address many of Lending Club's existing business processes and where possible, Lending Club will adopt leading best practices to further drive efficiencies throughout the organization.

The implementation is scheduled to kick-off on October 1, 2012 with a Go Live target date of December 1, 2012.

About Lending Club

Lending Club, headquartered in San Francisco, CA, is an online financial community that brings together creditworthy borrowers and savvy investors so that both can benefit financially. They replace the high cost and complexity of bank lending with a faster, smarter way to borrow and invest. Lending Club is comprised of 3 U.S. based entities and has approximately 80+ employees.

About Intelenex

Intelenex is one of the leading Oracle Application Partners in North America focused on helping Emerging, Mid-Market and Enterprise companies evaluate, implement and support Oracle Application and Technology related solutions. With over 150+ clients, Intelenex has received numerous accolades and awards from Oracle for its delivery quality, business process expertise and customer reference-ability including the prestigious Oracle Titan Award.

For more information about Intelenex, please visit www.intelenex.com