Oracle moves into the cloud

 

Takes aim at salesforce.com, SAP.

Oracle launched a new suite of cloud-based products to try to catch up with smaller but nimbler vendors, such as salesforce.com, in the business of hosting and distributing software via the Internet.

The business software corporation, which gets most of its revenue by selling software that companies install in their own data centres, included social monitoring and data mining services - both hot new areas of growth - in its cloud apps.

"It's been a long time coming," Chief Executive Larry Ellison told customers and analysts at Oracle's headquarters in Redwood City, California.

"We made a decision to rebuild all of our applications for the cloud almost seven years ago."

Ellison said the journey was fraught with difficulty and the company had to rely on acquisitions to get to this point.

The project, previously called "Fusion," was sometimes referred to as "Confusion," he said.

"It was as difficult a thing as we have done at Oracle," he said. "We couldn't do it ourselves. We had to make the right acquisitions as well."

Oracle and rivals, such as SAP, are transforming themselves into major players in cloud computing - providing software, storage and other services from remote data centers over the Internet.

Ellison's company has gone on the acquisition warpath to speed the transition.

The company now generates about US$1 billion in annual revenue from Web-based software, still only a third what salesforce.com projects it will pull in during the current year.

Oracle's cloud products include 100 self-service applications and platform services, with subscription-based pricing.

Further comment was being sought from Oracle Australia.

(Reporting By Poornima Gupta; editing by M.D. Golan)


Oracle moves into the cloud
 
 
 
Top Stories
Westpac interim CIO resigns
Group CIO yet to be appointed.
 
Five emerging technologies that will transform financial services
[Blog post] Far out ideas that aren't far off.
 
Earning the right to innovate
Breaking down the barriers to innovation is a long, but rewarding process, says Bank of Queensland Group CIO, Julie Bale.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  27%
 
Application integration concerns
  3%
 
Security and compliance concerns
  28%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  23%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  4%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 924

Vote