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Accenture and Oracle Expand the Accenture Oracle Business Group to Include Infrastructure-as-a-Service Offerings

Mon, 2016-09-19 07:01
Press Release
Accenture and Oracle Expand the Accenture Oracle Business Group to Include Infrastructure-as-a-Service Offerings Accenture becomes the first cloud managed service provider across Oracle’s public cloud

Oracle OpenWorld, San Francisco, Calif.—Sep 19, 2016

Accenture (NYSE: ACN) and Oracle (NYSE: ORCL) have announced that infrastructure-as-a-service (IaaS) offerings will now be available through the Accenture Oracle Business Group, adding to the already-existing software-as-a-service (SaaS) and platform-as-a-service (PaaS) capabilities. The expansion of capabilities further positions Accenture as Oracle’s largest global systems integrator (GSI) and a leader in Oracle Public Cloud.

The Accenture Oracle Business Group was launched in April 2015 to deliver industry-specific solutions built on the Oracle Public Cloud that help clients with their digital transformation goals, realize the benefits of the Cloud faster and help reduce risk. Following an initial focus on the public, financial and hospitality services sectors, the combined business group has grown to support federal, insurance, health, higher education, oil and gas, and utilities industries. The extension to IaaS now means that the robust set of industry solutions will be available across a comprehensive Cloud suite of offerings, including both Oracle and non-Oracle workloads.

“Oracle is expanding their Cloud capabilities at an impressive pace, and we are pleased to now provide joint clients with a complete suite of offerings and industry solutions through the Accenture Oracle Business Group,” said Paul Daugherty, Accenture’s chief technology officer. “The addition of new IaaS offerings reflects our ongoing commitment to help clients achieve value through Oracle’s Cloud solutions and solidifies Accenture’s position as the first managed services provider for Oracle’s Cloud portfolio.”

“The growth of the Accenture Oracle Business Group showcases the continued strength of our more than two decade relationship with Accenture,” said Thomas Kurian, president of product development at Oracle. “Oracle is excited to announce Accenture as the first partner in our new Cloud Managed Service Provider Program. We look forward to Accenture’s ongoing role as a leading service provider for migration, implementation and managed services within Oracle’s Public Cloud to help mutual clients on their journey to the Cloud.”

With the addition of IaaS to the Accenture Oracle Business Group, Accenture has launched the following offerings:

  • Accenture migration services factory for Oracle IaaS
  • Accenture database performance lab for Oracle IaaS
  • Accenture managed services for Oracle Public Cloud (across SaaS, PaaS and IaaS)

Accenture will also migrate several of its Oracle offerings to Oracle IaaS and delivering them through the Accenture Oracle Business Group. The offerings will be supported on Oracle IaaS and include Accenture Enterprise Services for Government, Accenture Foundation Platform for Oracle and Accenture Life Sciences Cloud.

Accenture has been widely recognized by analyst firms as a leading Oracle implementation and managed services GSI. With this extension to IaaS, Accenture has achieved the prominent position of a leading Oracle services provider across Oracle’s Cloud portfolio—spanning SaaS, PaaS, and IaaS (including Oracle Cloud Machine).

The Accenture Oracle Business Group has been especially successful in its inaugural year with more than 70 clients added. The growth of the combined business group strongly positions the deep technology expertise of Accenture and Oracle’s expansive set of Cloud solutions to help these pioneering leaders effectively move to the Cloud.

Accenture has more than 52,000 Oracle-skilled consultants around the world who help accelerate digital transformation by implementing Oracle-based business solutions and new business processes that can develop and evolve as their digital business grows. Accenture has teamed with Oracle for more than two decades and is a Diamond and Global Cloud Elite-level member in Oracle PartnerNetwork. For more information on the Accenture and Oracle relationship, please visit www.accenture/oracle.

Contact Info
Candice van der Laan
Oracle
+1.650.506.0814
candice.van.der.laan@oracle.com
Oriana Branon
Accenture
+1.415.537.5032
oriana.branon@accenture.com
About Accenture

Accenture (NYSE: ACN) is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network—Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 375,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle's partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program—an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

About Oracle OpenWorld

Oracle OpenWorld, the industry’s most important business and technology conference for the past 20 years, hosts tens of thousands of in-person attendees as well as millions online. Dedicated to helping businesses leverage Cloud for their innovation and growth, the conference delivers deep insight into industry trends and breakthroughs driven by technology. Designed for attendees who want to connect, learn, explore and be inspired, Oracle OpenWorld offers more than 2,200 educational sessions led by more than 2,000 customers and partners sharing their experiences, first hand. With hundreds of demos and hands-on labs, plus exhibitions from more than 400 partners and customers from around the world, Oracle OpenWorld has become a showcase for leading cloud technologies, from Cloud Applications to Cloud Platform and Infrastructure. Oracle OpenWorld 2016 is being held September 18 – September 22 at Moscone Center in San Francisco. For more information; to register; or to watch Oracle OpenWorld keynotes, sessions, and more, visit www.oracle.com/openworld. Join the Oracle OpenWorld discussion on Twitter.

About JavaOne

The JavaOne conference brings together Java experts and enthusiasts for an extraordinary week of learning and networking focused entirely on all things Java. With more than 440 sessions covering topics that span the breadth of the Java universe, keynotes from foremost Java visionaries, tutorials, and expert-led hands-on learning opportunities, JavaOne is the world's most important event for the Java community. Join the JavaOne discussion on Twitter.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Copyright © 2016 Accenture. All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Candice van der Laan

  • +1.650.506.0814

Oriana Branon

  • +1.415.537.5032

Oracle Partners Accelerate Innovation and Customer Success in the Cloud with Oracle

Mon, 2016-09-19 07:00
Press Release
Oracle Partners Accelerate Innovation and Customer Success in the Cloud with Oracle New Oracle Cloud Managed Service Provider Program pairs partner services with Oracle’s leading cloud platform to drive datacenter transformation for customers in the cloud

Oracle OpenWorld, San Francisco, Calif.—Sep 19, 2016

Companies are increasingly looking to the Cloud to stay competitive and drive datacenter transformation. However, many lack the internal skillsets and resources needed to manage complex Cloud migrations and ongoing maintenance, or have the need to shift those resources to areas of strategic innovation. Enabling customers to speed up success in the Cloud with support from the right partner and platform, Oracle PartnerNetwork (OPN) today announced the Oracle Cloud Managed Service Provider (MSP) Program.

Available to partners with the skills and infrastructure to build, deploy, run and manage both Oracle and non-Oracle workloads, the program enables OPN members to offer a complete managed service solution for workloads running on Oracle Platform as a Service and Infrastructure as a Service.

The partner will be able to buy Oracle Cloud Platform based on the unique needs of the customer, package their MSP services, and sell the integrated solution through a streamlined business model. Partners reap the benefits of building their services on a world-class Cloud infrastructure and customers get the complete solution they need to optimize their Cloud initiatives—helping reduce risk, cost and complexity.

Early partners participating in the program include Accenture, Atos, Capgemini, Cognizant Technology Solutions, Deloitte Consulting, LLP, Dimension Data, Fujitsu, Hitachi Consulting, Infosys Limited, PwC, Tata Consulting Services, Tech Mahindra Limited, and Wipro Limited.

“Cloud represents a huge opportunity for our partner community and Oracle will continue to innovate new programs and offerings that help them grow and thrive in the Cloud,” said Sanjay Sinha, vice president, Platform Products, Oracle. “The new MSP program is a win-win for our customers and partners, as it enables us to work in tandem to provide the solutions and services needed to accelerate time to value and success in the Cloud.”

Sample services provided by Oracle Cloud MSP partners can include: cloud advisory, service migration, DevOps, provisioning and orchestration, monitoring, incidence and change management, and Cloud optimization, among many others.

“Cloud represents the new tech battle ground as companies of all sizes look to modernize their infrastructure to stay competitive,” said Steve White, program vice president, Channels and Alliances, IDC. “The new Cloud MSP program from Oracle offers partners and customers an avenue to pair leading services with Oracle’s Cloud platform to help orchestrate this evolution to the Cloud in an efficient model.”

Helping Partners Grow their Business in the Cloud

Demonstrating the strong market demand for Cloud MSP support, a recent report from 451 Research found that Managed Services at Cloud Service Providers are expected to grow from $17B in 2014 to $43B in 2018.

To participate in the program, partners must meet a specific set of criteria. This includes meeting the conditions of an Oracle Cloud MSP Partner Validation Checklist, which will be audited by a third party, as well demonstrate a minimum level of competency in Oracle IaaS and PaaS products. 

Oracle Cloud MSP partners will receive sales and go-to-market support, and can promote their offering with specific Oracle Managed Service Provider branding. OPN also today unveiled the Oracle Cloud MSP Knowledge Zone providing partners with key enablement resources and support throughout their engagement in the program.  

Partners interested in becoming an Oracle Cloud Managed Service Provider can also learn more at: http://bit.ly/2cLgNFt

Contact Info
Candice van der Laan
Oracle
+1.650.506.0814
candice.van.der.laan@oracle.com
About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle's partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program—an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.

The Oracle Cloud Marketplace offers an intuitive user interface to browse and search for available applications and services, as well as user ratings and reviews to help customers determine the best business solutions for their organization. With its new automated application installation features, customers can easily deploy provider business applications from a centralized cloud interface.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

About Oracle OpenWorld

Oracle OpenWorld, the industry’s most important business and technology conference for the past 20 years, hosts tens of thousands of in-person attendees as well as millions online. Dedicated to helping businesses leverage Cloud for their innovation and growth, the conference delivers deep insight into industry trends and breakthroughs driven by technology. Designed for attendees who want to connect, learn, explore and be inspired, Oracle OpenWorld offers more than 2,200 educational sessions led by more than 2,000 customers and partners sharing their experiences, first hand. With hundreds of demos and hands-on labs, plus exhibitions from more than 400 partners and customers from around the world, Oracle OpenWorld has become a showcase for leading cloud technologies, from Cloud Applications to Cloud Platform and Infrastructure. Oracle OpenWorld 2016 is being held September 18 – September 22 at Moscone Center in San Francisco. For more information; to register; or to watch Oracle OpenWorld keynotes, sessions, and more, visit www.oracle.com/openworld. Join the Oracle OpenWorld discussion on Twitter.

About JavaOne

The JavaOne conference brings together Java experts and enthusiasts for an extraordinary week of learning and networking focused entirely on all things Java. With more than 440 sessions covering topics that span the breadth of the Java universe, keynotes from foremost Java visionaries, tutorials, and expert-led hands-on learning opportunities, JavaOne is the world's most important event for the Java community. Join the JavaOne discussion on Twitter.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Candice van der Laan

  • +1.650.506.0814

Hear What Partners Are Saying About the New Oracle Cloud Managed Service Provider Program and Oracle Cloud

Mon, 2016-09-19 07:00
Press Release
Hear What Partners Are Saying About the New Oracle Cloud Managed Service Provider Program and Oracle Cloud

Oracle OpenWorld, San Francisco, Calif.—Sep 19, 2016

“Our Oracle experts have deep experience and expertise in helping clients plan, adopt and implement Oracle Cloud initiatives as the foundation of a digital transformation,” said John Cooper, vice president and Oracle Solution Practice Leader, Cognizant. “As a member of the Oracle Cloud Managed Service Provider Program, we are focused on expanding our long relationship and extensive work with Oracle as we develop innovative Cloud solutions, platforms and services that can help our clients accelerate their move to a more nimble, competitive enterprise infrastructure designed for the digital era.”

“The Oracle MSP program provides Dimension Data an avenue to expand our global services and offer enterprise wide Cloud solutions to our clients on any workload,” said Scott Gibson, group executive, Digital Practice, Dimension Data. “This speaks to the heart of Dimension Data where connecting our clients has been core to our business for 30 years. The Oracle MSP program enhances our reach and enables our team to operate at a new level, regardless of location. This MSP program solidifies the Oracle relationship with Dimension Data, an ever increasing strategic focus.”

"Oracle and Fujitsu have a 30+ year business relationship helping customers solve business challenges through technology solutions. Both companies are committed to driving Digital Transformation and offer a clear path to the Cloud,” illustrates Ananth Kondalraj, vice president Oracle Practice at Fujitsu America, Inc. “Leveraging the Fujitsu Digital Business Platform, MetaArc and Software Cloud Services Management, with Oracle’s Cloud infrastructure—in one streamlined package – offers customers the strong foundation needed to migrate and manage critical workloads in the Cloud, with less cost and complexity, allowing for more flexibility in technology deployments.”

“We are excited to be part of Oracle Cloud Managed Services Partner program (MSP) to help enterprises build a scalable hybrid IT model  leveraging Wipro’s BoundaryLess Data Center (BLDC) platform to accelerate their digital journey,” said Kiran Desai, senior vice president and business head, Global Infrastructure Services (GIS), Wipro Limited. “The BLDC platform provides end to end life cycle services across Oracle IaaS and PaaS to help customers enhance speed of execution and improve business performance.”

“As clients across the world are looking at migrating to the Cloud environment, Tech Mahindra, a specialist in digital transformation, consulting and business reengineering is uniquely positioned to help them in this journey by being part of the Oracle Cloud Managed Service Provider (MSP) Program,” said Pritam Parvatkar, senior vice president and global head, Strategic Alliances of Tech Mahindra Ltd. “We are looking at building a deeper relationship with Oracle by leveraging Oracle’s leading cloud infrastructure for clients across the world.”

“Accenture is excited to be the first partner in Oracle’s new Cloud Managed Service Provider Program,” said Paul Daugherty, Accenture’s chief technology officer. “As a leading global systems integrator, Accenture looks forward to building on our 25-year long relationship to help joint clients move to the Cloud quickly, easily and with less risk.”

Contact Info
Candice van der Laan
Oracle
+1.650.506.0814
candice.van.der.laan@oracle.com
About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle's partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program—an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.

The Oracle Cloud Marketplace offers an intuitive user interface to browse and search for available applications and services, as well as user ratings and reviews to help customers determine the best business solutions for their organization. With its new automated application installation features, customers can easily deploy provider business applications from a centralized cloud interface.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

About Oracle OpenWorld

Oracle OpenWorld, the industry’s most important business and technology conference for the past 20 years, hosts tens of thousands of in-person attendees as well as millions online. Dedicated to helping businesses leverage Cloud for their innovation and growth, the conference delivers deep insight into industry trends and breakthroughs driven by technology. Designed for attendees who want to connect, learn, explore and be inspired, Oracle OpenWorld offers more than 2,200 educational sessions led by more than 2,000 customers and partners sharing their experiences, first hand. With hundreds of demos and hands-on labs, plus exhibitions from more than 400 partners and customers from around the world, Oracle OpenWorld has become a showcase for leading cloud technologies, from Cloud Applications to Cloud Platform and Infrastructure. Oracle OpenWorld 2016 is being held September 18 – September 22 at Moscone Center in San Francisco. For more information; to register; or to watch Oracle OpenWorld keynotes, sessions, and more, visit www.oracle.com/openworld. Join the Oracle OpenWorld discussion on Twitter.

About JavaOne

The JavaOne conference brings together Java experts and enthusiasts for an extraordinary week of learning and networking focused entirely on all things Java. With more than 440 sessions covering topics that span the breadth of the Java universe, keynotes from foremost Java visionaries, tutorials, and expert-led hands-on learning opportunities, JavaOne is the world's most important event for the Java community. Join the JavaOne discussion on Twitter.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Candice van der Laan

  • +1.650.506.0814

Oracle Kicks off Oracle OpenWorld 2016 by Showcasing Industry-First Cloud Innovations

Sun, 2016-09-18 14:00
Press Release
Oracle Kicks off Oracle OpenWorld 2016 by Showcasing Industry-First Cloud Innovations

Oracle OpenWorld, San Francisco, Calif.—Sep 18, 2016

Oracle Executive Chairman and CTO Larry Ellison showcased innovations across the world’s most complete, open and integrated Cloud computing platform in his opening keynote presentation at Oracle OpenWorld 2016 in San Francisco’s Moscone Center.

Ellison introduced Oracle Database 12c Release 2, as well as more than 20 new Oracle Cloud Platform and Application services that extend choice and access for customers and partners globally. Industry-first innovations highlighted include a new Database-as-a-Service (DBaaS) that is orders of magnitudes faster and more scalable than other Cloud database services and new Adaptive Intelligence Applications that use machine learning to power the next generation of Cloud applications.

The release of Oracle’s world’s number one database, Oracle Database 12c Release 2, coming first in the Cloud, marks a new era of magnitude and innovation for the enterprise. Building on its unique multi-tenant architecture and in-memory technology, Oracle’s flagship database is able to drive robust enterprise workloads faster than the nearest competitor.

Additional innovations unveiled across the Oracle Cloud include:

  • New public sector and revenue management Cloud services as part of Oracle ERP Cloud
  • Modern employee engagement capabilities as part of Oracle HCM Cloud
  • Expanded packaged industry solutions, new blended agent capabilities for sales and service professionals and expanded B2B commerce functionality within Oracle CX Cloud
  • New financial consolidation and close and profitability and cost management capabilities within Oracle EPM Cloud
  • Exadata Express Cloud Service
  • Container Cloud service to support Cloud developers and make managing containers easy on the public Cloud
  • API Cloud service to help developers create, secure, manage and analyze APIs
  • Enhanced mobile Cloud services that include support for chatbots
  • Low-code development platform that enables business users and developers quickly and easily to extend services and build new applications
  • Integration Cloud service to support integration of Cloud and on-premises applications
  • New analytics Cloud suite to connect data sources and instantly visualize any data on any device
  • Big data discovery Cloud service to visualize and discover hidden value in all data
  • Internet of Things applications for asset management, production insights, connected worker and fleet management
  • Management Cloud services that use machine learning to identify threats and provide early warnings

Quotes from Larry Ellison’s keynote presentation:

  • “Amazon’s lead is over. Amazon is going to have serious competition going forward. And we’re very proud of our second generation of Infrastructure as a Service. We’re going to be focusing on it and aggressively featuring it not only during Oracle OpenWorld but for the remainder of this fiscal year and next fiscal year and the year after that.”
  • “We have more SaaS applications by a huge margin than any other cloud services provider. We have HCM suite, CRM Suite, Customer Experience Suite plus lots and lots of industry suites as well. And we’re constantly, constantly adding to our footprint.”
  • “There are two big databases that keep track of consumers, if you will, and have a lot of information about consumers. One is very famous. It’s called Facebook. The other one is less well known. It’s Oracle’s Data Cloud. We actually have more consumers in our data cloud than they have in theirs.”
  • “You will see as we develop features for the cloud, we’ll also start delivering our software in the cloud first. Clearly it’s going to go on-premises, but the first deployment of our database and a lot of our software now is going to go to the cloud first.”
  • “We have toolsets for developers who want to extend and migrate their existing enterprise applications to the cloud. We have toolsets for cloud-centric developers who are developing all new applications that will only be in the cloud. And we have toolsets for business users, where they can easily, without writing code, easily create extensions to our SaaS applications and even build something.”
  • “Our new second-generation datacenters offer twice as many cores as Amazon, twice as much memory as Amazon, four times as much storage as Amazon, and more than 10 times the I/O capacity of Amazon. But you have to be willing to pay less. If you’re not willing to pay less, you can’t place the order.”
  • “Oracle competes at all three levels of the cloud, all three tiers of the cloud.”
Contact Info
Simon Jones
Oracle PR
+1 (415) 856-5155
sjones@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Simon Jones

  • +1 (415) 856-5155

Oracle OpenWorld 2016 Delivers the Ultimate Cloud Experience

Fri, 2016-09-16 07:00
Press Release
Oracle OpenWorld 2016 Delivers the Ultimate Cloud Experience Conference marks 20th year with a positive economic impact totaling $3.2 billion for the City of San Francisco

ORACLE OPENWORLD, San Francisco, Calif.—Sep 16, 2016

This weekend, Oracle welcomes thousands of customers, hundreds of partners, and millions of online attendees from more than 141 countries to Oracle OpenWorld 2016. This year’s ultimate cloud experience, which runs through September 22, brings together top technologists, world leaders, and innovators to share ideas about the future of technology and its impact on the way we live and work. A dynamic line-up of visionaries headline the event, spanning today’s brightest thinkers like best-selling author and educator Adam Grant; renowned economists including Moody’s Mark Zandi; and key political strategists Stephanie Cutter and Mike Murphy. At Oracle’s Customer Appreciation event, record-breaking performance artists Gwen Stefani and Sting take the stage at AT&T Park for an exclusive concert. Top-charting band American Authors kick off Oracle OpenWorld in a special performance at Oracle Cloud Plaza on Howard Street.

On Sunday night, Oracle Executive Chairman of the Board and Chief Technology Officer Larry Ellison opens main stage conversations in a keynote about how Oracle innovations are transforming enterprise cloud computing and outlines his vision for the future of IT. Throughout the week, Ellison, Oracle CEO Safra Catz, Oracle CEO Mark Hurd and Oracle President of Product Development Thomas Kurian, will discuss today’s most critical topics, alongside some of the most powerful names in the world of technology and business.

“Oracle OpenWorld 2016 focuses on the success of our customers,” said Judy Sim, Oracle’s Chief Marketing Officer. “Our approach is always to put our attendees first, and in doing so, we ensure that every aspect of the conference sparks learning, fosters networking, promotes innovation, and unites our customers and partners.”

To Learn and Explore:
  • Sessions: choose from 2,240 sessions presented by 2,054 customer and partner speakers, 400 Oracle demos, as well as hundreds of partner and customer exhibitions.
  • Oracle Keynotes:
    • Sunday, 5:00 p.m. – Oracle Executive Chairman and Chief Technology Officer Larry Ellison leads with the future of Oracle Cloud.
    • Monday, 9:15 a.m. – Oracle CEO Mark Hurd shares his perspective on the future of technology and the world ahead, and speaks with leaders from top Oracle customers including Joanna Fielding, Chief Financial Officer, HSBC Technology and Services and Patrick Benson, Chief Information Officer, ClubCorp.
    • Tuesday, 8:30 a.m. – Oracle President of Product Development Thomas Kurian showcases new innovations across Oracle infrastructure, platform, applications and data.
    • Tuesday, 1:30 p.m. – Larry Ellison returns to the mainstage to discuss the future of cloud database and infrastructure.
    • Wednesday, 9:15 a.m. – John Fowler, Oracle Executive Vice President of Systems, leads an engaging session on database platforms of the future, featuring Juan Loaiza, Senior Vice President, Oracle Systems Technology, and Oracle Executive Vice President David Donatelli.
  • Oracle Partner Keynotes:
    • Sunday, 5:15 p.m. – 6:00 p.m. – Diane Bryant, Executive Vice President and General Manager of Intel’s Data Center Group, shares the technology innovations that Intel, Oracle, and Oracle partners are creating to deliver the next wave of enterprise opportunity.
    • Tuesday, 8:30 a.m. – 9:15 a.m. – Bhanu Murthy B.M., President and Chief Operating Officer, Wipro, outlines how cloud-powered enterprises are creating value and gaining competitive advantage in the new digital economy.
    • Tuesday, 1:30 p.m. – 2:15 p.m. – Dr. Vishal Sikka, Chief Executive Officer, Infosys, offers his thoughts on how business leaders can leverage artificial intelligence to drive agility and deliver new kinds of value for their companies and stakeholders.
  • Oracle Leader’s Circle: Learn from today’s top educators, economists, political scientists and industry thought leaders at this empowering two-day executive program hosted by Oracle CEOs Safra Catz and Mark Hurd.
  • Inclusive Leadership Summit: Hear from executives and thought leaders on the cutting edge, including social justice pioneer Billie Jean King, as they connect and share personal perspectives on how inclusive leadership advances employee engagement and increases innovation.
  • Collective Learning Pilot: Experience interactive sessions redesigned by Harvard Graduate School of Education’s Project Zero, which uses discussion, personal reflection and information sharing to solve attendees’ business challenges as a community.
  • Oracle Education Foundation’s Design Realization Garage: Get creative in hands-on, student-led innovation sessions and watch Design Tech High School (d.tech) students demo their technology prototypes created in Oracle Education Foundation workshops.
To Support the Community and Environment:
  • Sustainability and Giving: Uncover a fresh take on food and beverage while enjoying local, organic, healthy food options. Eighty percent of the food at Oracle OpenWorld is sustainably sourced and prepared within 100 miles of Howard Street. Throughout the week of the event, Oracle will donate 7,275 meals to charities in San Francisco.
  • Plant a Billion Trees: Learn how The Nature Conservancy and Oracle save forests through donations to plant trees in the United States, Brazil and China that will sequester 290K metric tons of carbon. Oracle will donate $1 million over the next four years.
  • JavaOne4Kids: Take part in a one-of-a-kind children’s workshop to inspire the next generation of coders and developers, hosted by Oracle Academy.
  • Education: Participate in one of the many education-themed attractions and activities happening at the event. Learn more about Oracle’s $4 billion annual commitment to education and its positive impact on more than 3 million students in 110 countries annually through Oracle Academy, Oracle Giving, and Oracle Education Foundation.
To Connect and Play:
  • ORACLE TEAM USA: Meet the America’s Cup champion sailors at Oracle Cloud Plaza on Howard Street and learn how Oracle technology is helping the team defend its title for a second time at the 35th America’s Cup in Bermuda.
  • The Café on Howard: Reserve seats for meetings, relaxation, networking and reflection.
  • Concerts: See best-selling recording artists, Gwen Stefani and Sting, and celebrate with Oracle customers and partners at the Oracle Appreciation Event in AT&T Park. Also, watch American Authors kick off Oracle OpenWorld in a special performance at the welcome reception on Howard Street.

Following Oracle OpenWorld, Oracle Cloud Days will launch a three-month, 60-city tour showcasing the power of data-driven innovation and digital transformation.

    • Download Oracle OpenWorld (Android | Apple) and JavaOne (Android | Apple) mobile applications
    • Live Stream keynotes live from Oracle OpenWorld
    • Like Oracle OpenWorld on Facebook
    • Follow @OracleOpenWorld on Twitter for the latest #oow16
Contact Info
Julie Sugishita
Oracle Corporate Communications
1.650.506.0076
julie.sugishita@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

About Oracle OpenWorld

Oracle OpenWorld, the industry’s most important business and technology conference for the past 20 years, hosts tens of thousands of in-person attendees as well as millions online. Dedicated to helping businesses leverage Cloud for their innovation and growth, the conference delivers deep insight into industry trends and breakthroughs driven by technology. Designed for attendees who want to connect, learn, explore and be inspired, Oracle OpenWorld offers more than 2,200 educational sessions led by more than 2,000 customers and partners sharing their experiences, first hand. With hundreds of demos and hands-on labs, plus exhibitions from more than 400 partners and customers from around the world, Oracle OpenWorld has become a showcase for leading cloud technologies, from Cloud Applications to Cloud Platform and Infrastructure. Oracle OpenWorld 2016 is being held September 18–September 22 at Moscone Center in San Francisco. For more information; to register; or to watch Oracle OpenWorld keynotes, sessions, and more, visit www.oracle.com/openworld. Join the Oracle OpenWorld discussion on Twitter.

About JavaOne

The JavaOne conference brings together Java experts and enthusiasts for an extraordinary week of learning and networking focused entirely on all things Java. With more than 440 sessions covering topics that span the breadth of the Java universe, keynotes from foremost Java visionaries, tutorials, and expert-led hands-on learning opportunities, JavaOne is the world's most important event for the Java community. Join the JavaOne discussion on Twitter.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Julie Sugishita

  • 1.650.506.0076

Q1 FY17 GAAP SAAS AND PAAS REVENUES WERE UP 77%, AND UP 79% IN CONSTANT CURRENCY

Thu, 2016-09-15 15:05
Press Release
Q1 FY17 GAAP SAAS AND PAAS REVENUES WERE UP 77%, AND UP 79% IN CONSTANT CURRENCY Q1 FY17 Non-GAAP SaaS and PaaS Revenues grew 82% in Constant Currency

Redwood Shores, Calif.—Sep 15, 2016

Oracle Corporation (NYSE: ORCL) today announced fiscal 2017 Q1 results. Total Revenues were $8.6 billion, up 2% in U.S. dollars and up 3% in constant currency. Cloud plus On-Premise Software Revenues were $6.8 billion, up 5% in U.S. dollars and up 6% in constant currency. Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $798 million, up 77% in U.S. dollars and up 79% in constant currency. Total Cloud Revenues, including infrastructure as a service (IaaS), were $969 million, up 59% in U.S. dollars and up 61% in constant currency. Operating Income was $2.6 billion and Operating Margin was 31%. Non-GAAP Operating Income was $3.4 billion and non-GAAP Operating Margin was 39%. Net Income was $1.8 billion while non-GAAP Net Income was $2.3 billion. Earnings Per Share was up 10% to $0.43, while non-GAAP Earnings Per Share was up 4% to $0.55. GAAP and non-GAAP Earnings Per Share was negatively impacted by three factors: 1 cent because of a higher tax rate due to more cloud sales being in the U.S, half of one cent because of borrowing, and 1 cent due to strengthening of the U.S. dollar.

Short-term deferred revenues were $9.5 billion, up 4% in U.S. dollars and up 5% in constant currency compared with a year ago. Operating cash flow on a trailing twelve-month basis was $13.7 billion.

“Our Cloud business plus our On-Premise Software business grew 7% in constant currency in the first quarter, on a non-GAAP basis,” said Oracle CEO, Safra Catz. “The overall top-line growth of our two strategic businesses was driven by non-GAAP SaaS and PaaS revenue growing 82% in constant currency, substantially outperforming our guidance. As our SaaS and PaaS business continues its rapid growth, we expect its gross margins to climb from 62% this quarter toward our 80% target.”

“This year we are on track to sell more than $2 billion of SaaS and PaaS annually recurring revenue,” said Oracle CEO, Mark Hurd. “We believe this will be the second year in a row that Oracle has sold more SaaS and PaaS than any cloud services provider. In the first quarter alone, we added more than 750 new SaaS customers including 344 new SaaS Fusion ERP customers—that’s more ERP customers than Workday has sold in the history of their company.”

“Next week at Oracle OpenWorld, we will introduce the second generation of our Infrastructure as a Service,” said Larry Ellison, Oracle Chairman and CTO. “Our Generation2 IaaS delivers twice the compute, twice the memory, four times the storage and ten times more I/O at a 20% lower price than Amazon Web Services. IaaS represents a huge new cloud opportunity for Oracle to layer on top of our rapidly growing SaaS and PaaS businesses.”

The Board of Directors also declared a quarterly cash dividend of $0.15 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on October 12, 2016, with a payment date of October 26, 2016.

Q1 Fiscal 2017 Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. To access the live webcast of this event, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. In addition, Oracle’s Q1 results and Fiscal 2017 financial tables are available on the Oracle Investor Relations website.

A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 77971381.

Contact Info
Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com
Deborah Hellinger
Oracle Corporate Communciations
+1.212.508.7935
deborah.hellinger@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE: ORCL), visit www.oracle.com or contact Investor Relations at investor_us@oracle.com or (650) 506-4073.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

"Safe Harbor" Statement

Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects, including statements regarding our expectations of future growth in our SaaS and PaaS gross margins and recurring revenues; our introduction of new products; and the opportunities to grow the IaaS business are all "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) Our cloud computing strategy, including our Oracle Cloud SaaS, PaaS, IaaS and data as a service offerings, may not be successful. (2) If we are unable to develop new or sufficiently differentiated products and services, or to enhance and improve our products and support services in a timely manner or to position and/or price our products and services to meet market demand, customers may not buy new software licenses, cloud software subscriptions or hardware systems products or purchase or renew support contracts. (3) If the security measures for our software, hardware, services or Oracle Cloud offerings are compromised or if such offerings contain significant coding, manufacturing or configuration errors, we may experience reputational harm, legal claims and financial exposure. (4) We may fail to achieve our financial forecasts due to such factors as delays or size reductions in transactions, fewer large transactions in a particular quarter, fluctuations in currency exchange rates, delays in delivery of new products or releases or a decline in our renewal rates for support contracts. (5) Our international sales and operations subject us to additional risks that can adversely affect our operating results, including risks relating to foreign currency gains and losses. (6) Economic, geopolitical and market conditions, including the continued slow economic recovery in the U.S. and other parts of the world, can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price. (7) We have an active acquisition program and our acquisitions may not be successful, may involve unanticipated costs or other integration issues or may disrupt our existing operations. A detailed discussion of these factors and other risks that affect our business is contained in our U.S. Securities and Exchange Commission (SEC) filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle’s Investor Relations website at http://www.oracle.com/investor. All information set forth in this press release is current as of September 15, 2016. Oracle undertakes no duty to update any statement in light of new information or future events. 

Talk to a Press Contact

Ken Bond

  • +1.650.607.0349

Deborah Hellinger

  • +1.212.508.7935

Expiration Date of Tender Offer for NetSuite Inc. Shares Extended to October 6, 2016

Fri, 2016-09-09 15:06
Press Release
Expiration Date of Tender Offer for NetSuite Inc. Shares Extended to October 6, 2016

Redwood Shores, Calif.—Sep 9, 2016

Oracle Corporation (NYSE: ORCL) announced today that it has extended its tender offer in connection with the acquisition of NetSuite Inc. (NYSE: N) until October 6, 2016 to facilitate the completion of outstanding antitrust reviews that are necessary before the tender offer can be consummated.

In accordance with the terms of its merger agreement with NetSuite, to facilitate the review of the tender offer and the proposed acquisition by the Antitrust Division of the Department of Justice and the Cyprus Commission for the Protection of Competition, Napa Acquisition Corporation, a subsidiary of OC Acquisition LLC, a subsidiary of Oracle Corporation, has extended its all-cash tender offer for $109.00 per share for all of the issued and outstanding shares of common stock, par value of $0.01 per share (the “Shares”), of NetSuite Inc. to 12:00 Midnight, Eastern time, at the end of October 6, 2016, unless further extended. The tender offer was previously set to expire at 12:00 Midnight, Eastern time, at the end of September 15, 2016. Except for the extension of the tender offer, all other terms and conditions of the tender offer remain unchanged.

American Stock Transfer & Trust Company LLC, the depositary for the tender offer, has indicated that as of 12:00 Midnight, Eastern time, at the end of September 8, 2016, approximately 81,176,835 Shares were issued and outstanding, and 32,132,178 Shares have been tendered into and not properly withdrawn from the tender offer (including 0 Shares tendered pursuant to the guaranteed delivery procedures set forth in the Offer to Purchase).

Contact Info
Deborah Hellinger
Oracle Corporate Communications
+1.212.508.7935
deborah.hellinger@oracle.com
Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Additional Information

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. This communication is for informational purposes only. The tender offer is not being made to, nor will tenders be accepted from, or on behalf of, holders of shares in any jurisdiction in which the making of the tender offer or the acceptance thereof would not comply with the laws of that jurisdiction. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related Letter of Transmittal and other offer materials) filed by Napa Acquisition Corporation with the U.S. Securities and Exchange Commission ("SEC") on August 18, 2016, as amended from time to time. In addition, on August 18, 2016, NetSuite Inc. filed a Solicitation/Recommendation statement on Schedule 14D-9 with the SEC related to the tender offer. Stockholders of NetSuite Inc. are urged to read these documents, all amendments thereto and other documents filed with the SEC carefully in their entirety because they contain important information about the tender offer. The tender offer statement and certain other offer documents, along with the Solicitation/Recommendation statement, will be made available to all stockholders of NetSuite Inc. at no expense to them. These documents are available at no charge through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase, related Letter of Transmittal, the Solicitation/Recommendation statement and other offering documents may also be obtained for free by contacting the Information Agent for the tender offer, Innisfree, M&A Incorporated, toll-free at 888-750-5834.

Cautionary Statement Regarding Forward-Looking Statements

This document contains certain forward-looking statements about Oracle and NetSuite Inc., including statements that involve risks and uncertainties concerning Oracle's proposed acquisition of NetSuite Inc., anticipated customer benefits and general business outlook. When used in this document, the words "anticipates", "can", "will", "look forward to", "expected" and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or NetSuite Inc., that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business, and the possibility that Oracle or NetSuite Inc. may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or NetSuite Inc. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor NetSuite Inc. is under any duty to update any of the information in this document.

In addition, please refer to the documents that Oracle and NetSuite Inc., respectively, file with the SEC on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause Oracle's and NetSuite Inc.'s respective operational and other results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor NetSuite Inc. is under any duty to update any of the information in this document.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Deborah Hellinger

  • +1.212.508.7935

Ken Bond

  • +1.650.607.0349

ORACLE LAUNCHES LARGEST B2B AUDIENCE DATA MARKETPLACE

Fri, 2016-08-12 06:00
Press Release
ORACLE LAUNCHES LARGEST B2B AUDIENCE DATA MARKETPLACE Oracle Data Cloud’s B2B Audience Solution Includes 400+ Million Business Users and 1 Million Addressable US Companies to Support Account-Based Marketing at Scale

Redwood Shores Calif—Aug 12, 2016

Oracle Data Cloud today launched the largest business-to-business (B2B) audience data marketplace to help make programmatic and data-driven B2B marketing easier.
 
To help B2B marketers improve their targeting throughout the marketing funnel, Oracle Data Cloud’s B2B audience solution provides access to more than 400 million business profiles through thousands of B2B audience segments, thus creating a highly scalable and customizable targeting solution. In addition, more than one million addressable US companies add powerful account-based marketing (ABM) capabilities to a marketer’s targeting toolkit.
 
Oracle Data Cloud’s B2B audience solution is designed to meet specific B2B marketing needs:
 
  • Account-Based Marketing – Reach buyers and decision makers at specific companies to align B2B marketing and sales efforts
  • Company Past Purchases – Build audiences based on companies that have purchased a specific enterprise solution in the past
  • Event-Based Marketing – Digitally target professionals who have attended or are considering attending specific industry events related to a business’ products
  • OnRamp for B2B – Upload and reach their prospect and customer databases through digital marketing campaigns
 
“Our B2B audience solution is designed to provide the digital targeting flexibility and scale that B2B marketers need,” said Rob Holland, Group Vice President of the Oracle Data Cloud. "Our account-based marketing backbone recognizes that effective digital B2B marketing should support a company’s sales goals by focusing on the accounts it is trying to reach.”
 
The B2B solution integrates proprietary insights from Oracle BlueKai, Datalogix, and AddThis. Oracle Data Cloud’s B2B data is further enriched through strategic partnerships with leading B2B data providers like Bombora, Dun & Bradstreet, FullContact, Gravy Analytics, HG Data, Infogroup, PlaceIQ, and TransUnion and predictive analytics from Leadspace. B2B marketers can now take advantage of more than 700 enhanced Oracle B2B audience segments, as well as a robust B2B audience marketplace boasting over 4000 pre-built audiences from partners.
  
"The challenge for B2B marketers has been connecting the account-specific needs of sales with their broader digital marketing campaigns, so their campaigns reach their targets,” said Sean Beierly, Data Scientist and Marketing Manager at Cisco Systems. “Oracle Data Cloud is helping us reach the right decision makers in the right companies across the many devices they use at scale.”
 
Oracle Data Cloud’s B2B audience solution allows marketers to align digital spend with both campaign objectives and sales outreach, providing a regular flow of relevant and qualified leads from target accounts. That ability to combine granular B2B targeting segments with an account-based filter makes it easier for B2B brands to take full advantage of the digital channel.
 
"Effective B2B marketing requires both accuracy and scale, and Oracle Data Cloud's B2B audience solution provides both the reach and the targeting we need for our account-based marketing efforts," said Patrice Lagrange, Senior Director, Digital Demand Nurturing Services, Hewlett Packard Enterprise. “We are pleased to be working with Oracle Data Cloud to support our enterprise sales efforts with robust data-driven marketing campaigns."  
 
Oracle Data Cloud gives marketers the ability to access, blend and activate audiences from Datalogix and BlueKai as well as the industry’s leading B2B data providers in one place.  Marketers can now work with a single partner to build highly customized audiences leveraging a broad spectrum of data sources and deliver them to hundreds of publishers and consumer platforms.
 
“Through our data cooperative of premium media companies, Bombora’s data helps B2B marketers reach influencers and decision makers at companies that are in-market for their products and services,” said Greg Herbst, VP Programmatic Data, Bombora. “We are delighted to deepen our partnership with Oracle Data Cloud to include our account-based data points, and to help fuel a powerful new industry solution.”
 
About Oracle Data Cloud:
Oracle Data Cloud operates the BlueKai Marketplace, the world’s largest audience data marketplace. Oracle Data Cloud is the leading global Data as a Service (DaaS) solution, offering access to more than $3 trillion in consumer transaction data, two billion global consumer profiles, and 1,500+ data partners. Oracle Data Cloud integrates that data with more than 200 major media companies, including publisher exchanges, ad networks, DSPs, DMPs, and agency trading desks. For more information and free data consultation, contact The Data Hotline at www.oracle.com/thedatahotline.
 
Contact Info
Erik Kingham
Oracle
1.650.506.8298
erik.kingham@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Erik Kingham

  • 1.650.506.8298

Asahi Refining Selects Oracle Cloud to Improve Financial Visibility and Accelerate Business Growth

Mon, 2016-08-08 12:13
Press Release
Asahi Refining Selects Oracle Cloud to Improve Financial Visibility and Accelerate Business Growth Modern Finance Platform Enables Asahi Refining to Embrace Industry Change

Redwood Shores, Calif.—Aug 8, 2016

Asahi Refining, the world’s leading provider of precious metal assaying, refining, and bullion products, selected Oracle Cloud Applications and Oracle Cloud Platform to streamline its procurement and financial processes to get a more comprehensive and accurate picture of its financials to provide better visibility into the business.  By moving to the cloud, Asahi Refining has been able to shift its full attention to its core business of refining gold and silver and accelerate business growth.

The ongoing digitization of the refining industry means that organizations need an integrated financial platform to leverage data insights that can help evolve their business models and retain their competitive advantage. To address this market shift, Asahi Refining needed to overhaul its legacy enterprise resource planning (ERP) system, which was difficult to maintain, had limited reporting capabilities and contained fragmented data spread across various silos. The company needed a modern, integrated system to gain the insights needed for swift approvals and decision making.

“In order to update our outdated and over-extended IT infrastructure, we needed to move our financials to a centralized and secure environment,” said Kevin Braddy, IT director, Asahi Refining. “The Oracle ERP Cloud gives us real-time visibility into finance operations across the company and helps drive efficiencies across our financial processes. With this accurate financial information easily at hand, we are able to focus on growing our business.” 

Using the Oracle ERP Cloud and Oracle Cloud Platform, Asahi Refining was able to replace its legacy ERP environment with an integrated cloud-based financial system. Within three months, Asahi Refining was able to fully implement the solution and transition to Oracle Self-Service Procurement Cloud, Oracle Financials Cloud, and Oracle Purchasing Cloud.  The company now has a highly accurate, 360-degree view of its financial systems and operations. In addition, Asahi Refining was able to standardize reporting and reduce month-end reporting from a week to just three days, while increasing its efficiency in processing receivable transactions.

“We are happy to be working with Asahi Refining to help them transform their business with the Oracle Cloud,” said Amit Zavery, senior vice president, cloud platform and integration, Oracle.  “Moving from legacy systems to the cloud enabled Asahi Refining to modernize its technology systems, improving visibility into the business and ultimately accelerating growth and increasing efficiency.”

Asahi Refining used the Oracle Java Cloud and Oracle Database Cloud to seamlessly integrate its Oracle ERP Cloud applications with its legacy ERP system and third-party payroll applications, as well as to validate all data coming into the Oracle ERP Cloud from those legacy applications. Additionally, Asahi Refining has been able to lower its total cost-of-ownership by moving to the cloud, which the company can now leverage to realize additional business efficiencies in the future.

The Oracle Cloud runs in 19 data centers around the world and supports 70+ million users and more than 34 billion transactions each day. With the Oracle Cloud, Oracle delivers the industry’s broadest suite of enterprise-grade cloud services, including Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Data as a Service (DaaS).

 
Contact Info
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Nicole Maloney

  • +1.650.506.0806

Forbes Media Selects Oracle Marketing Cloud to Increase Advertising Revenue

Thu, 2016-08-04 07:00
Press Release
Forbes Media Selects Oracle Marketing Cloud to Increase Advertising Revenue Global publisher to leverage high-quality data and superior analytics capabilities to help advertisers reach and engage new audiences

Redwood Shores Calif—Aug 4, 2016

Forbes Media has selected the Oracle Marketing Cloud to take advantage of new digital channels to increase advertising revenue. The deep insights delivered by the Oracle Marketing Cloud’s data analytics and management platform will enable Forbes Media to help advertisers increase audience reach and engagement.
 
Digital technologies have transformed the competitive landscape in the publishing industry. Free, easily accessible content makes it more difficult for publishers to grow paid subscriptions; new digital publishing platforms have increased the number of publishers by eliminating many of the traditional barriers to market entry; and an explosion of digital channels such as search, social and video have created new competition for ad buys. These changes have forced publishers to rethink how they work with advertisers to reach and engage audiences.
 
"We knew we needed a new platform that could help our advertisers increase audience reach and engagement,” said Mark Howard, chief revenue officer, Forbes Media. “The Oracle Marketing Cloud provides us with the tools we need to expand and customize our advertisers’ experience on our site and to offer marketers deeper insight into the performance of their digital campaigns. The breadth and scale of Oracle’s third-party data and the seamless integration it has with our systems has created a product that will allow us to provide advertisers with a level of analytics that was previously unachievable.”
 
Forbes will use the Oracle Data Management Platform (DMP), part of Oracle Marketing Cloud, to analyze its core user base and to provide advertisers, including those running a native BrandVoice program, with enriched detail about the audience that their campaign has reached. The Oracle DMP’s advanced analytics will allow Forbes to work with its advertising partners to develop custom, niche segments tailored to the marketers’ ideal audience. Finally, the Oracle ID Graph, a technology that helps marketers connect identities across disparate marketing channels and devices to one customer, will help Forbes target customers and prospects across all channels and devices, ensuring a relevant, personalized customer experience for each individual.
 
“Savvy publishers like Forbes are becoming more sophisticated in how they tap their first-party data to make its sites’ audiences more valuable to advertisers,” said Andrea Ward, Vice President of Marketing, Oracle Marketing Cloud. “Leveraging the power of the Oracle data management platform to scale their first-party audience data, Forbes will be better able to package audience inventory to align with advertisers’ needs. This will enhance both the advertisers’ and Forbes revenue streams.”
 
For more information on the Oracle Marketing Cloud’s data management platform, please see the Oracle Marketing Cloud website.
 
About Forbes Media
Forbes Media is a global media, branding and technology company, with a focus on news and information about business, investing, technology, entrepreneurship, leadership and affluent lifestyles. The company publishes Forbes, Forbes Asia, and Forbes Europe magazines as well as Forbes.com. The Forbes brand today reaches more than 94 million people worldwide with its business message each month through its magazines and 36 licensed local editions around the globe, Forbes.com, TV, conferences, research, social and mobile platforms. Forbes Media’s brand extensions include conferences, real estate, education, financial services, and technology license agreements.
 
Contact Info
Erik Kingham
Oracle
1.650.506.8298
erik.kingham@oracle.com
Mia Carbonell
Forbes Media
1.212.620.2288
mia.carbonell@forbes.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Erik Kingham

  • 1.650.506.8298

Mia Carbonell

  • 1.212.620.2288

SUPERVALU Uses Oracle Cloud to Provide Expanded Service Offerings to its Customers

Wed, 2016-08-03 07:00
Press Release
SUPERVALU Uses Oracle Cloud to Provide Expanded Service Offerings to its Customers Oracle Cloud to enable SUPERVALU to deliver new capabilities, reduce costs, and provide more efficient service offerings to retailers

Eden Prairie, Minn. and Redwood Shores, Calif.—Aug 3, 2016

SUPERVALU INC. (NYSE: SVU), one of the largest grocery wholesalers and retailers in the United States, today announced it has selected the Oracle Cloud as its new technology platform that will enable the company to deliver more robust business management and data analytics capabilities to its customers. With Oracle Cloud, SUPERVALU will be able to provide an integrated portfolio of enterprise-grade cloud services to enhance the performance of its Human Resources and Finance functions.

“We have a terrific opportunity to deliver more professional services and back-end support to our existing wholesale customers, as well as leverage our scale and expertise to reach new customers,” said Randy Burdick, SUPERVALU’s Executive Vice President, Chief Information Officer. “The Oracle Cloud provides us with a more robust infrastructure and a comprehensive solution that we believe will help us drive increased efficiencies, speed decision-making, and enhance the overall customer experience. We’re excited to offer this solution to our customers as another example of how we’re using technology to further enhance their businesses for the future.”

Initially, SUPERVALU will implement Oracle ERP Cloud and Oracle HCM Cloud, part of a broad suite of modern Oracle Cloud applications that are integrated with social, mobile and analytic capabilities, resulting in improved process integration and more complete and impactful reporting. The Oracle Cloud provides an enhanced user experience via a simple, scalable and intuitive design that can be delivered to users on desktop, tablet and mobile applications.  SUPERVALU will use Oracle HCM Cloud’s suite of talent and workforce management offerings designed to provide an engaging and collaborative HR experience to find and retain quality employees.

“Oracle Cloud provides SUPERVALU with a complete set of enterprise-grade cloud applications, offering both breadth and depth of functionality,” said Rondy Ng, Senior Vice President, Applications Development, Oracle. “Our integrated ERP and HCM cloud solutions are uniquely placed to cater to today’s changing business environment and enable our customers to modernize back-office operations and empower their people.”

SUPERVALU will begin a phase-in of these new Oracle Cloud offerings across three key parts of its business: internal administration of its wholesale distribution and retail grocery businesses, and in services the company provides externally to its customers.

Contact Info
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
Jeff Swanson
SUPERVALU INC.
1.952.930.1645
jeffrey.swanson@supervalu.com
About SUPERVALU

SUPERVALU INC. is one of the largest grocery wholesalers and retailers in the U.S. with annual sales of approximately $18 billion. SUPERVALU serves customers across the United States through a network of 3,588 stores composed of 1,796 independent stores serviced primarily by the Company’s food distribution business; 1,360 Save-A-Lot stores, of which 897 are operated by licensee owners; and 200 traditional retail grocery stores (store counts as of February 27, 2016). Headquartered in Minnesota, SUPERVALU has approximately 40,000 employees. For more information about SUPERVALU visit www.supervalu.com.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Nicole Maloney

  • +1.650.506.0806

Jeff Swanson

  • 1.952.930.1645

Oracle Buys NetSuite

Thu, 2016-07-28 06:52
Press Release
Oracle Buys NetSuite

Redwood Shores, Calif.—Jul 28, 2016

Oracle (NYSE: ORCL) today announced that it has entered into a definitive agreement to acquire NetSuite (NYSE: N), the very first cloud company. The transaction is valued at $109.00 per share in cash, or approximately $9.3 billion.

“Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever,” said Mark Hurd, Chief Executive Officer, Oracle. “We intend to invest heavily in both products—engineering and distribution.”

“We expect this acquisition to be immediately accretive to Oracle’s earnings on a non-GAAP basis in the first full fiscal year after closing,” said Safra Catz, Chief Executive Officer, Oracle.

“NetSuite has been working for 18 years to develop a single system for running a business in the cloud,” said Evan Goldberg, Founder, Chief Technology Officer and Chairman, NetSuite. “This combination is a winner for NetSuite’s customers, employees and partners.”

“NetSuite will benefit from Oracle’s global scale and reach to accelerate the availability of our cloud solutions in more industries and more countries,” said Zach Nelson, Chief Executive Officer, NetSuite. “We are excited to join Oracle and accelerate our pace of innovation.”

The evaluation and negotiation of the transaction was led by a Special Committee of Oracle’s Board of Directors consisting solely of independent directors. The Special Committee unanimously approved the transaction on behalf of Oracle and its Board of Directors.

The transaction is expected to close in 2016. The closing of the transaction is subject to receiving certain regulatory approvals and satisfying other closing conditions including NetSuite stockholders tendering a majority of NetSuite’s outstanding shares in the tender offer. In addition, the closing is subject to a condition that a majority of NetSuite’s outstanding shares not owned by executive officers or directors of NetSuite, or persons affiliated with Larry Ellison, his family members and any affiliated entities, be tendered in the tender offer.

More information about this announcement is available at www.oracle.com/netsuite.

Contact Info
Deborah Hellinger
Oracle Corporate Communications
+1.212.508.7935
deborah.hellinger@oracle.com
Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation.

Cautionary Statement Regarding Forward-Looking Statements

This document contains certain forward-looking statements about Oracle and NetSuite, including statements that involve risks and uncertainties concerning Oracle's proposed acquisition of NetSuite, anticipated customer benefits and general business outlook. When used in this document, the words "anticipates", "can", "will", "look forward to", "expected" and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or NetSuite, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business, and the possibility that Oracle or NetSuite may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or NetSuite.

In addition, please refer to the documents that Oracle and NetSuite, respectively, file with the U.S. Securities and Exchange Commission (the "SEC") on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause Oracle's and NetSuite's respective operational and other results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor NetSuite is under any duty to update any of the information in this document.

Oracle is currently reviewing the existing NetSuite product roadmap and will be providing guidance to customers in accordance with Oracle's standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle's review of NetSuite's product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by NetSuite or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decision. It is intended for information purposes only, and may not be incorporated into any contract.

Additional Information about the Acquisition and Where to Find It
In connection with the proposed acquisition, Oracle will commence a tender offer for the outstanding shares of NetSuite. The tender offer has not yet commenced. This document is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of NetSuite, nor is it a substitute for the tender offer materials that Oracle and its acquisition subsidiary will file with the SEC upon commencement of the tender offer. At the time the tender is commenced, Oracle and its acquisition subsidiary will file tender offer materials on Schedule TO, and NetSuite will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. The tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other tender offer documents) and the Solicitation/Recommendation Statement will contain important information. Holders of shares of NetSuite are urged to read these documents when they become available because they will contain important information that holders of NetSuite securities should consider before making any decision regarding tendering their securities. The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, will be made available to all holders of shares of NetSuite at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement will be made available for free at the SEC's web site at www.sec.gov.

In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, Oracle and NetSuite file annual, quarterly and special reports and other information with the SEC. You may read and copy any reports or other information filed by Oracle or NetSuite at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Oracle's and NetSuite's filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov. 

Learn More
Talk to a Press Contact

Deborah Hellinger

  • +1.212.508.7935

Ken Bond

  • +1.650.607.0349

Glens Falls Hospital, University of Pittsburgh Medical Center (UPMC) and a New York Medical Center Move to Oracle Cloud

Mon, 2016-07-25 07:00
Press Release
Glens Falls Hospital, University of Pittsburgh Medical Center (UPMC) and a New York Medical Center Move to Oracle Cloud Oracle’s modern, integrated cloud solutions help medical centers cost-effectively drive flexible, scalable innovation

Redwood Shores, Calif.—Jul 25, 2016

Oracle announced today that Glens Falls Hospital, University of Pittsburgh Medical Center (UPMC) and NYU Langone Medical Center have turned to Oracle Cloud to modernize their healthcare insight and administrative resources for staff and patients. These organizations join many other hospitals, healthcare providers and research centers that have moved the management of their people and business processes to the Oracle Cloud.

Today, the healthcare industry faces pressure from all sides—healthcare reform mandates, changing market conditions, increasing regulatory requirements and the constant need for new revenue streams. Therefore, it is essential for healthcare organizations to be sensitive to securing information. An added complexity is that the workforce is diverse, ranging from hourly to highly skilled workers. Mobile technology has also changed the way information is received and used. Healthcare providers are being asked to do more for less, all while juggling challenges on how to acquire and retain talent, move toward a more digital environment, cut costs and consolidate HR processes. They are turning to cloud technology to adapt to these complex needs.

With Oracle Human Capital Management (HCM) Cloud, healthcare institutions have a single, unified platform to grow with confidence and focus less on process and more on quality patient care. Oracle’s Cloud solutions provide universal reporting and analytics that allow organizations easy access to a complete perspective of its HR functions.

“As the healthcare industry transforms, healthcare institutions need to transform their HCM systems to keep pace with competition, as well as source, employ and retain the best talent. Many suffer from disparate systems that don’t work across functions,” said Chris Leone, senior vice president, Applications Development, Oracle. “Oracle HCM Cloud technology not only provides an easy experience for end users to access and navigate through a variety of platforms—including mobile—but also one that is cost-effective and integrated across all business functions, turning information into meaningful action to help improve employee experience.”

As business models change, providers need systems that can keep up with them. A few key areas in which Oracle’s HCM Cloud systems are helping include:

  • Sourcing and retaining talent with mobile applications: When improving and saving lives, the people who touch patients become incredibly important. Oracle’s Cloud technology provides tools that are modern, easy to use and personalized for each individual employee. With most hospital staff constantly on the go, mobile apps put information in employees’ hands for quick and easy information access. Mobile apps also help employees better connect with the business to take control of their jobs, their development and their careers. This leads to higher levels of productivity and engagement.
  • Cost reduction: Standardizing and automating business processes that eliminate multiple systems and duplicate tasks help reduce IT costs. This offers providers increased efficiency and new market opportunities to grow their businesses.
  • Data insight: Oracle’s Cloud solutions provide real-time business insights into data trends and analytics that directly impact the workforce and profitability. Oracle’s Cloud technology can predict potential staffing and skill gaps, as well as assess profits and losses to manage costs.

“We needed an integrated system that would allow us to provide excellent healthcare service to our patients, while still serving our employees with more convenient HR systems that include global payroll functionalities,” said Kyle Brock, vice president of Human Resources, Glens Falls Hospital. “By going with the entire Oracle HCM Cloud suite, we were able to realize significant cost savings through contract consolidation to increase team productivity and improve overall department efficiency. We were also able to shift our entire HR operations to the Cloud, while not impacting other hospital priorities.”

UPMC, the largest non-governmental employer in Pennsylvania, integrates more than 60,000 employees, 20 hospitals, 500 doctors’ offices and outpatient sites, a 2.9-million-member health insurance division, and international and commercial operations. “Healthcare is faced with increased and far more diverse requirements than even a few years ago,” said John Galley, senior vice president & chief HR officer, UPMC. “As UPMC leads the way in creating patient-centered, value-based healthcare, it is crucial that we have a modern platform in place to help us address new challenges, keep costs low, and deliver flexibility. Oracle’s Cloud-based platform and vision for healthcare made it the right choice for UPMC.”

Contact Info
Jennifer Yamamoto
Oracle
+1.916.761.9555
jennifer.yamamoto@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Jennifer Yamamoto

  • +1.916.761.9555

Oracle Joins the White House’s Advanced Wireless Research Initiative

Sun, 2016-07-17 23:40
Press Release
Oracle Joins the White House’s Advanced Wireless Research Initiative Bringing the Power of the Cloud to 5G and Beyond

Redwood Shores, Calif.—Jul 18, 2016

Oracle is proud to provide Oracle Cloud technology and engineering resources to the White House Office of Science and Technology Policy’s program Platforms Enabling Advanced Wireless Program (PAWR). The program is led by the National Science Foundation, the nonprofit organization US Ignite, and a consortium of industry and academic leaders collaborating to better understand the unique challenges and opportunities created by next generation platforms for networking.

Oracle Communications will provide core network control, analytics and network orchestration technology to researchers and help them understand the impact of subscriber behavior, enhance orchestration, and bolster security. Oracle's contributions, in this groundbreaking initiative, will aid the advancement in wireless technology areas by:

  • Discovering how applied analytics can help minimize negative impacts on orchestration, and improve overall network and service performance;
  • Monitoring and measuring networks in the new environment to provide optimal performance and reliability;
  • Analyzing capacity in a virtual network, making resources available (such as hardware and licenses) when needed;
  • Identifying new formulas and metrics to engineer and secure cloud-based telecom networks;
  • Determining what impact subscriber behaviors and events have on network/service orchestration.

The research and development from Oracle will assist in the understanding of protecting from network abuse through legitimate network connections to ensure even ‘trusted’ networks cannot abuse their access. This will include analyzing the impact from other networks through misconfigurations or malformed packets. Additionally, our contributions will help set up standards, procedures and principles for the Telecommunications cloud.

“We see an opportunity to bring the power and flexibility of the cloud to telecommunications,” said Doug Suriano, senior vice president and general manager, Oracle Communications. “As a means to better understand the impact of subscriber behaviors to traffic engineering, how analytics can enhance orchestration at the network and service levels, and how to bolster security of the control plane to protect against malicious behavior.”

Oracle is proud to join as a founding board member of PAWR, an organization steering the research agenda and policy issues for US Ignite, responsible for the design, scope, and research goals for its members.

Contact Info
Katie Barron
Oracle
+1 202.904.1138
katie.barron@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Katie Barron

  • +1 202.904.1138

Oracle Cloud Solves Undiscovered Stadium Revenue Growth as Sports Fans Desire Mobile Food & Beverage Ordering

Tue, 2016-07-12 09:02
Press Release
Oracle Cloud Solves Undiscovered Stadium Revenue Growth as Sports Fans Desire Mobile Food & Beverage Ordering

Redwood Shores, Calif.—Jul 12, 2016

More than 40% of sports fans worldwide abandoned concession lines in the past 12 months—without making a purchase—because of excessive waiting, according to a just-released Oracle Hospitality Sports and Entertainment research report The Fan Experience: Changing the Game with Food and Beverage, published in partnership with Turnkey Intelligence, an industry-leading market research provider.

The global study surveyed more than 3,500 sports fans in eight countries—Australia, Brazil, China, France, Germany, Japan, United Kingdom and United States—and focused on uncovering their top priorities. Most importantly, the survey aids venue operators by identifying “pain points” and solutions designed to trigger greater attendance and spark sales.

“Aside from safety and overall venue environment, fans across the world place food and beverage above all else when ranking the elements that are most important to their fan experience,” said, Jay Upchurch, Oracle Hospitality, vice president. “Our cloud platforms provide operators with the enterprise agility they need to remain innovative and responsive to change, readily incorporating the most advanced technologies that come along to make the fan experience even more memorable.”

Counter to current trends of spending exorbitantly on video boards and pre-game entertainment to fill seats, the research indicates employing technology to enhance food and beverage may yield a greater return on investment. Indeed, survey findings reveal the underutilization of food and beverage technology and confirm significant demand for it. For example, mobile technology to improve ordering, payment and delivering loyalty programs is a promising path to greater sales. That premise is supported by results, including:

  • 68% of U.S. fans and 60% of international fans said they would “probably” or “definitely” use in-seat ordering if available at their stadium.
  • American fans, on average, said they would spend an additional $20 for food & beverage if wait times were cut in half—representing a 43% increase in typical expenditure (per party, per game).
  • 27% of U.S. fans and 14% of international fans stated they are members of a loyalty rewards program offered by a team or stadium.

“The live event experience continues to be the optimal method of consuming entertainment,” said Haynes Hendrickson, Turnkey Intelligence’s President. “We have found that technology can positively impact the event experience and the bottom line of a venue. By embarking on this research study with Turnkey Intelligence, Oracle has demonstrated its commitment to excellence in our industry.”

Oracle Hospitality pursued the research project to advance the company’s commitment of delivering foundational technology that helps solve venue operators’ biggest challenges.

About Oracle Hospitality Sports & Entertainment

Oracle Hospitality Sports & Entertainment brings 35+ years of experience providing industry-leading technology solutions to sports and entertainment venues worldwide. The company’s point-of-sale platform is the premier food and beverage solution, enabling operators to deliver an efficient and innovative fan experience throughout their venue. Key features include: inventory management, loyalty rewards, third-party integrations for in-seat ordering, and more.

About Turnkey Intelligence

Turnkey Intelligence is home to a custom research department that has conducted and analyzed more than 500 studies for sports and entertainment’s top leagues, properties, brands and events. TI is also the proud creator of the Audience Portal, the sports and entertainment industry’s online data and analytics hub. Over 220 clients utilize the Portal to sell and market smarter. For more information about Turnkey Intelligence, visit Intel.TurnkeySE.com.

Contact Info
Katie Barron
Oracle
202-904-1138
katie.barron@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Katie Barron

  • 202-904-1138

Fujitsu and Oracle Team Up to Drive Cloud Computing

Tue, 2016-07-05 11:41
Press Release
Fujitsu and Oracle Team Up to Drive Cloud Computing Strategic alliance provides robust cloud offering to customers in Japan and their subsidiaries around the world

Tokyo and Redwood Shores, Calif.—Jul 5, 2016

Fujitsu Limited, Oracle Corporation, and Oracle Corporation Japan today announced that they have agreed to form a new strategic alliance to deliver enterprise-grade, world-class cloud services to customers in Japan and their subsidiaries around the world.

In order to take advantage of cloud computing to speed innovation, reduce costs and drive business growth, organizations need IT partners that can deliver the performance, security and management capabilities that are demanded by enterprise workloads. To help organizations in Japan capitalize on this opportunity and confidently move enterprise workloads to the cloud, Oracle Cloud Application and Platform services—such as Oracle Database Cloud Service and Oracle Human Capital Management (HCM) Cloud—will be powered by Fujitsu’s datacenters in Japan. Under the new strategic alliance, Fujitsu will work to drive sales of robust cloud offerings to companies in Japan and their subsidiaries around the world.

By bringing Oracle Cloud Application and Platform services to FUJITSU Cloud Service K5, Fujitsu and Oracle will provide a high-performance cloud environment to meet the IT and business needs of customers. Specifically, Fujitsu will install the Oracle Cloud services in its datacenters in Japan and connect them to its K5 service in order to deliver enterprise-grade cloud services. The first Oracle Cloud Application that will be offered to Fujitsu customers under the joint offering is Oracle HCM Cloud. As part of the agreement, Fujitsu will implement Oracle HCM Cloud to gain unprecedented insight into its workforce throughout the company’s worldwide network of offices.

"We at Fujitsu support the digital transformation of our customers, and aim to contribute to optimized customer systems and business growth with the roll out of our Digital Business Platform MetaArc," said Shingo Kagawa, SEVP, Head of Digital Services Business & CTO, Fujitsu Limited. "In particular, we offer the core cloud service on MetaArc, K5, which addresses systems of engagement (SoE)(*1) and systems of record (SoR)(*2). Oracle is a leader in Japan's database market segment and possesses strong capabilities in the SoR domain. Now, as we look to strengthen MetaArc and K5, taking part in this strategic alliance with Oracle will work to meet the cloud needs of our customers."

“In order to realize the full business potential of cloud computing, organizations need secure, reliable and high-performing cloud solutions,” said Edward Screven, Chief Corporate Architect, Oracle. “For over three decades, Oracle and Fujitsu have worked together using our combined R&D, product depth and global reach to create innovative solutions enabling customers to scale their organizations and achieve a competitive advantage. Oracle’s new strategic alliance with Fujitsu will allow companies in Japan to take advantage of an integrated cloud offering to support their transition to the cloud.”

“We strongly believe this cloud alliance will support Japanese companies to drive digital transformation,” said Hiroshige Sugihara, President and CEO, Oracle Corporation Japan. “This will be a gateway for customers to achieve standardization, modernization, and globalization.  This initiative will differentiate us from other cloud providers by emphasizing real enterprise cloud solutions, while offering Japanese companies access to best of breed technology in the new Cloud era.”

The combination of these innovative solutions including Oracle Database Cloud Service, Oracle HCM Cloud, and K5, will enable Fujitsu and Oracle to deliver mission critical systems over a cloud environment within Fujitsu’s datacenters while maintaining the high levels of performance and reliability that had previously been achieved in on-premise environments. Furthermore, with the Oracle Cloud provided from Fujitsu’s state-of-the-art datacenters, which boast a high level of capabilities in Japan, customers using K5 or Fujitsu’s hosting services will have access to use invaluable cloud services.

Contact Info
Fujitsu Limited
Public and Investor Relations Division
Candice van der Laan
Oracle
+1.650.464.3186
candice.van.der.laan@oracle.com
Junko Ishikawa, Norihito Yachita
Oracle Japan
pr-room_jp@oracle.com
Notes

1. Systems-of-Engagement (SoE)
Systems that implement digital transformations, including business-process transformation and new-business development.

2. Systems-of-Record (SoR)
Existing systems that record company data and perform business processes.

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 156,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the fiscal year ended March 31, 2016. For more information, please see www.fujitsu.com.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

About Oracle Japan

Oracle Corporation Japan was established in 1985 as Oracle Corporation’s subsidiary in Japan. With the goal of becoming the number one cloud company, it provides a comprehensive and fully integrated stack of cloud applications and cloud platforms, a suite of products to generate valuable information from big data, and a wide variety of services to support the use of these products. It was listed on the first section of the Tokyo Stock Exchange in 2000 (Company code: 4716). Visit oracle.com/jp.

Fujitsu and Oracle Alliance History

Since entering into a database OEM contract in 1989, the two companies have been providing customers with optimal solutions. Currently, as an Oracle Partner Network (OPN) Diamond level partner, Fujitsu is providing system integration services worldwide. In addition, in the SPARC/Solaris server business, Fujitsu entered into a sales contract with Sun Microsystems in 1983 and a development agreement for SPARC chips in 1988, and further strengthened the relationship with Sun Microsystems through a Solaris OEM contract in 1993. Since Oracle's subsequent acquisition of Sun Microsystems, the two companies have maintained a close, collaborative relationship to the present day.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates in the US and other countries. Other names may be trademarks of their respective owners. This press release is solely for the purpose of providing information and does not constitute an implied contract.

All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Fujitsu Limited

Candice van der Laan

  • +1.650.464.3186

Junko Ishikawa, Norihito Yachita

Oracle Statement

Thu, 2016-06-30 18:55
Press Release
Oracle Statement

Redwood Shores, Calif.—Jun 30, 2016

"Five years ago, Oracle made a software development announcement which accurately reflected the future of the Itanium microprocessor. Two trials have now demonstrated clearly that the Itanium chip was nearing end of life, HP knew it, and was actively hiding that fact from its customers. Oracle never believed it had a contract to continue to port our software to Itanium indefinitely and we do not believe so today; nevertheless, Oracle has been providing all its latest software for the Itanium systems since the original ruling while HP and Intel stopped developing systems years ago. Further, it is very clear that any contractual obligations were reciprocal and HP breached its own obligations. Now that both trials have concluded, we intend to appeal both today's ruling and the prior ruling from Judge Kleinberg."
-Dorian Daley, Executive Vice President, General Counsel, and Secretary, Oracle

Contact Info
Deborah Hellinger
Oracle Corporate Communications
1.212.508.7935.
deborah.hellinger@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Deborah Hellinger

  • 1.212.508.7935.

Oracle Cloud Improves Financial Process Visibility and Cuts Upgrade Costs for University of Kansas

Thu, 2016-06-30 11:05
Press Release
Oracle Cloud Improves Financial Process Visibility and Cuts Upgrade Costs for University of Kansas

Redwood Shores, Calif.—Jun 30, 2016

The University of Kansas (KU) has paired its top-notch educational programs with the technology to advance them.  With Oracle Cloud , KU will drive strategic student educational initiatives, focus on operational efficiencies and reduce costs associated with lengthy upgrade cycles.

KU selected Oracle Enterprise Resource Planning (ERP) Cloud, Oracle Business Intelligence Cloud, and Oracle Planning and Budgeting Cloud to integrate with its existing Oracle’s PeopleSoft Human Capital Management (HCM) and PeopleSoft Campus Solutions applications.

“We have a strong relationship with Oracle, so they were at the top of the list when we were looking to upgrade and transform our current ERP solution,” said Diane Goddard, KU’s vice provost for administration and finance. “Oracle Cloud really stood out to us because it is on the cutting edge of innovation, offers us increased functionality, and we can easily integrate with our existing PeopleSoft HCM and PeopleSoft Campus Solutions applications.” 

With the Oracle Cloud solutions in place, KU will have a complete, modern system that delivers scalability, reliability, and rapid time to value. The university will now have a comprehensive view of its finances across the campus with end-to-end capabilities—from planning and budgeting to reporting—enabling the university to gain insight into critical information in real-time with an integrated analytics platform for improved decision-making. KU will also be able to improve the accuracy, efficiency, and consistency of its planning and budgeting processes.

“Oracle is successfully working with major universities, such as KU, to transform their current on-premise platforms to more innovative, flexible, and unified cloud platforms,” said Mark Armstrong, vice president, product development, Oracle Higher Education. “With Oracle Cloud, KU is upgrading and integrating with its current systems to create, enrich, and extend its financial processes with less effort and cost.”

Moving to Oracle Cloud positions KU to take advantage of the most advanced functionality and features while freeing IT staff from the responsibility of routine upgrades and maintenance.

“Outsourcing day-to-day system responsibilities to the professionals at Oracle allows KU Information Technology staff to focus their time and energy on strategic initiatives that drive institutional excellence,” said Eric Freeze, KU IT deputy technology officer.

Oracle Cloud delivers the industry’s broadest suite of enterprise-grade cloud services, including Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Data as a Service (DaaS).

Contact Info
Katie Barron
Oracle
+1-202-904-1138
katie.barron@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Katie Barron

  • +1-202-904-1138

Oracle Brings SPARC to the Cloud

Wed, 2016-06-29 07:00
Press Release
Oracle Brings SPARC to the Cloud New SPARC S7 Products with Software in Silicon now available in Oracle Cloud, Engineered Systems and Servers

Redwood Shores, Calif.—Jun 29, 2016

Oracle today announced major new additions to the SPARC platform that for the first time bring the advanced security, efficiency and simplicity of SPARC to the cloud. Built on the new SPARC S7 microprocessor, the latest additions to the SPARC platform include new cloud services, engineered systems and servers.  

While the business benefits of the public cloud are increasingly clear, many organizations have yet to move enterprise workloads to the cloud due to performance, security and management concerns. To help eliminate those concerns and enable organizations to confidently move enterprise workloads to the cloud, the new SPARC platform is designed from the ground up to economically improve on cloud computing delivery of the most critical business applications and scale-out application environments.

The latest additions to the SPARC platform are built on the revolutionary new 4.27 GHz, 8-core/64-thread SPARC S7 microprocessor with Software in Silicon features such as Silicon Secured Memory and Data Analytics Accelerators, which delivers the industry’s highest per-core efficiency and enables organizations to run applications of all sizes on the SPARC platform at commodity price points. All existing commercial and custom applications will run on the new SPARC enterprise cloud services and solutions unchanged with significant improvements in security, efficiency and simplicity.

“We are still in the early phases of cloud computing adoption and as the market matures, organizations will increasingly move critical enterprise workloads to the cloud,” said John Fowler, executive vice president, Systems, Oracle. “To enable our customers to take advantage of this next stage of cloud computing to speed innovation, reduce costs and drive business growth, we are focused on delivering proven enterprise-grade services such as the Oracle SPARC platform in the Oracle Cloud.

Some of the key features of the new SPARC platform include:

  • Effortless Security: The latest additions to the SPARC platform are designed for security and compliance and utilize Silicon Secured Memory capabilities to address malware attacks and programming errors. Wide-key encryption ciphers and hashes enable a fully encrypted cloud with less than two percent performance overhead. In addition, security is further enhanced through verified boot, immutable content that prevents unauthorized changes, enforced secured updates and a trusted and secure hardware and software supply chain that does not rely on intermediaries.
  • Breakthrough Efficiency: By taking advantage of the open APIs in the processor and integrated Data Analytics Accelerators, which deliver up to 10x greater analytics performance spanning enterprise, big data and cloud applications, the latest additions to the SPARC platform reduce latency and cost. When compared to the x86 servers, the fully integrated S7-2 and S7-2L servers delivers up to 100 percent better per core efficiency, 1.7x better per core Java performance efficiency, 1.6x per core database OLTP performance efficiency, and 2-3x more bandwidth for high-traffic analysis and cloud apps.
  • Straightforward Simplicity: Taking integration a step beyond the server, the Oracle MiniCluster S7-2 Engineered System dramatically simplifies the top four most challenging aspects of enterprise computing: security and compliance; high availability; patching and administration; and performance tuning. By eliminating the need for a standard platform or OS and reducing security and database administration time and effort, the new Engineered System enables organizations to:

    • Secure systems by default by eliminating enterprise security expertise requirements
    • Automate compliance monitoring and auditing in order to maintain the secure state of the system over time
    • Make service resiliency effortless by taking advantage of a high availability operation that is engineered in to the hardware and software
    • Ensure the platform will always be up to date with the latest software and security enhancements through simple full stack patching
    • Enhance database and application performance through automatic performance tuning.

The new SPARC S7 processor-based cloud services and systems deliver commodity x86 economics and significant enterprise-class functionalities for security and analytics with Software in Silicon. They include new Oracle Cloud Compute platform services, the Oracle MiniCluster S7-2 Engineered System and Oracle SPARC S7 servers. These new products are designed to seamlessly integrate with existing infrastructure and include fully integrated virtualization and management for cloud.

The new Oracle SPARC Cloud service that is now part of the SPARC platform is a dedicated compute service to provide organizations with a simple, secure and efficient compute platform in the Cloud. The new service extends the complete suite of cloud services that Oracle provides to help organizations rapidly build and deploy rich applications—or extend Oracle Cloud Applications—on an enterprise-grade cloud platform.

To extend the security and performance benefits of the Oracle SuperCluster engineered systems to mid-size computing, Oracle has also introduced Oracle MiniCluster S7-2. Through full application and database compatibility with SuperCluster M7, Oracle MiniCluster enables organizations to reduce hardware and software costs at a fraction of the cost of commodity solutions. The new Oracle Engineered System is designed to support multi-tenant application and/or database consolidation, remote office/branch office computing demands and test/development environments.

Oracle has also introduced new additions to the SPARC server product line that extend the M7/T7 portfolio to address scale-out and cloud workloads at attractive new low price points. The new two-socket SPARC S7 servers are available in different configuration options that are optimized for either compute or storage and IO density and include Software in Silicon offload features for malware attack prevention, no compromise encryption and data analytics acceleration.

Contact Info
Sarah Fraser
Oracle PR
+1.650.743.0660
sarah.fraser@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Sarah Fraser

  • +1.650.743.0660

New Cloud-based Banking Solution Targets Default Debtors, Improves Customer Experiences

Tue, 2016-06-28 10:00
Press Release
New Cloud-based Banking Solution Targets Default Debtors, Improves Customer Experiences

Redwood Shores, Calif.—Jun 28, 2016

Financial institutions looking to recoup delinquent accounts while maintaining a positive association with their brands have a powerful new tool: Oracle Banking Collections. The cloud-enabled solution announced today provides lenders a more comprehensive look at debtors’ total financial pictures and features so they can more easily repay their loans.

While credit card and mortgage delinquencies are currently stable, there is a significant rise in student and auto loan defaults. In fact, Fitch Ratings stated that the 60-plus day delinquency rate for subprime car loans climbed to 5.16% in February of this year, the highest level in nearly two decades. The collections process is complex, inefficient riddled with fraudulent activity.

"With today’s choices and technology available, consumers demand solutions that put them at the center and in control of their options. It is a unique situation to apply a customer first mindset when it comes to handling delinquent accounts, but if done correctly, the benefits of such an offering should help to lead to improved contract rates and be a real help to delinquent borrowers,” said Marc DeCastro, Research Director, Consumer Banking at IDC.

“The Federal Reserve reported that as of March 31, 2016, total household debt in North America alone was $12.25 trillion. Oracle Banking Collections provides financial institutions a single system for comprehensive collection activity across all products related to a delinquent account. The collections process is designed for the digital world with efficient workflows, improved decision making and intuitive customer centric capabilities that empower the consumer with self-service remediation,” said Chet Kamat, senior vice president Banking Products for Oracle Financial Services. “Financial Institutions can choose to deploy the solution on the Oracle Cloud or on premise.”

Each year financial institutions waste millions of dollars attempting to solve their debt collection problem with the age-old tactic of throwing 3rd party debt collection agents who may use decades-old technology riddled with inaccurate borrower data, at the problem. The actions by collection agents, who know nothing about the customer or customer's relation with the financial institution, can border on harassment with phone calls at all hours, dunning letters and the threat of lawsuits. The new Oracle Banking Collections offering is helping financial institutions and their collections agencies improve collections on delinquent accounts by offering three unique and powerful capabilities:

1. Detailed insights into a borrower’s entire relationship with the financial institution, enabling collections agents to know more about who they are communicating with and how best to have a meaningful conversation about remediating the account.

2. A single system of record for all collections activity, helping to support compliance with strict collections regulations including those set forth by the Consumer Financial Protection Bureau.

3. Unique self-help features that enable the consumer to proactively determine a remediation plan for their account and avoid the collections process altogether.

  • The unique features of the Oracle Banking Collections can be found here.

Contact Info
Valerie Beaudett
Oracle Corporate Communications
+1.650.400.7833
valerie.beaudett@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Valerie Beaudett

  • +1.650.400.7833

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