FOEX announces a new R&D project in the Oracle database area with FH JOANNEUM

The program targets the development of a new functionality that currently does not exist within the Oracle database environment, which will increase productivity for end users. End Quote

(1888PressRelease) April 04, 2016 - FOEX GmbH, the Austrian based Oracle APEX company, today announces an agreement with FH JOANNEUM, one of the largest Universities of Applied Sciences in Austria, to join efforts in a R&D project in the Oracle database area.

Peter Raganitsch, the CEO of FOEX GmbH stated "We are excited to work with FH JOANNEUM on this R&D project and drive innovation that we believe has the potential to add value to any company which uses Oracle databases. We are happy to be taking a leading role and work towards developing something that currently does not exist on the market and will most likely have a positive impact on businesses worldwide."

Mr. Raganitsch continued "As with any such initiative at the beginning stages there are still many things unknown. We are confident that within the next 3-5 months we'll be able to provide a detailed overview of the project's status and how the final result is shaping up."

The project's value is estimated at over €500,000 and in addition to the development resources committed by FOEX, a team lead by FH-Prof. Dr. Wilhelm Zugaj from FH JOANNEUM will join this 12-months long research effort starting March 31st. The combined project team aims at developing a new functionality for the Oracle database environment that will increase productivity for end users.

Markus Lauda, the Sales Director of FOEX GmbH, added "Prof. Dr. Zugaj and his team represent a great asset to this research team. By combining our expertise in using Oracle technologies with their deep understanding of database architecture and practical knowledge of developing very complex mathematical algorithms, we greatly increase the chances of producing a positive outcome from this research effort."

FH-Prof. Dr. Wilhelm Zugaj later continued "It is a great pleasure to support a highly innovative company such as FOEX. IT innovation is one of the biggest prospects for Austria and R&D initiatives such as the collaboration that FOEX and FH JOANNEUM agreed upon today, strengthenes our confidence in the innovative potential of Austrian small and medium enterprises."

About FOEX GmbH
FOEX GmbH is an Austrian IT company founded in 2012 and based in Perchtoldsdorf (near Vienna, Austria). We are experts in developing plugins & add-ons which enhance the standard Oracle APEX platform, allowing developers to build the best products imaginable without the overheads from traditional software development.

Our mission is to simplify the way enterprise-level applications are being built and provide a robust platform which enables developers to create such applications in a fast, easy and secure way. By using the FOEX Plugin Framework developers can significantly reduce the complexity of creating and maintaining data-heavy web applications, thus lowering IT costs and increasing efficiency.

To learn more about FOEX, please visit www.tryfoexnow.com

About FH JOANNEUM
FH JOANNEUM offers students sound academic training - our programs are practice-oriented, project-based and interdisciplinary. In other words, we work in close cooperation with business and industry to put acquired knowledge into practice, we develop innovative solutions for issues in applied research projects and forge links to related disciplines.

Our university's large network enables students to complete internships with leading companies and institutions in Austria and abroad, and spend a semester studying at one of over 200 partner universities around the world.

For more information, please visit www.fh-joanneum.at

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