SRI LANKA, Feb. 17 -- LOLC, one of Sri Lanka's largest non-banking financial institutions and conglomerates, has signed an Unlimited Licence Agreement with Oracle to access its Oracle Cloud Platform to facilitate global expansion. By deploying Oracle Cloud Platform, LOLC has migrated its on-premises core applications as it seeks to modernise its business.
With over 300 locations across Sri Lanka, and further global expansion planned, LOLC's technology platform will support its plans for growth.
The company also needed help to standardise the Group's operations to achieve cost savings and increase efficiency.
"The Unlimited License Agreement (ULA) has helped LOLC understand how we are really using our IT infrastructure, and identify consu...