March 18 (Reuters) - Connexion Media Ltd CXZ.AX :
* Connexion has signed a commercial contract with computer software giant,
Oracle Corporation (NYSE:ORCL)
* Under the agreement, Connexion will work in partnership with Oracle to build
and deploy a new module on oracle's crm platform
* Oracle will assist Connexion to sell its connected car products to oracle's
large global customer base
* Module is expected to become available as a subscription service by the end
of 2016
* Connexion will transfer flagship flex and miroamer infrastructure and data
collection services across to the Oracle cloud platform
* Change is expected to deliver strong cost savings to Connexion in excess of
70% per vehicle subscription"
* Partnership aligns with co's strategy to grow customer base, activate data
analytics revenue streams and deliver cost saving initiatives
* Source text for Eikon ID: