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Oracle Signs Agreement with Midwestern Higher Education Compact

Wed, 2018-03-21 07:00
Press Release
Oracle Signs Agreement with Midwestern Higher Education Compact Agreement Empowers Higher Education Entities to Embrace Digital Transformation with Easy Access to Oracle Solutions and Services

Redwood Shores, Calif.—Mar 21, 2018

Following a competitive sourcing event, Oracle today announced that it has been awarded a contract by the Midwestern Higher Education Compact (MHEC). Effective immediately, the contract provides discounts on Oracle Cloud, licenses, hardware, education, consulting and support services for public and not-for-profit colleges and universities across MHEC’s 12 member states.

The contract also extends to MHEC’s sister compacts: the New England Board of Higher Education, the Southern Regional Education Board, and the Western Interstate Commission for Higher Education.

“We are extremely pleased to have signed a contract with Oracle,” said MHEC President Larry Isaak. “MHEC anticipates significant cost savings for higher education institutions throughout not only our Midwest region, but nationally, as this contract provides an easier path for purchasing needed Oracle products.”

Through the use of the Compact’s programs and contracts, public and private not-for-profit education institutions, school districts, state and local governments, and students have achieved significant cost savings and also benefit from collective knowledge and best practice solutions.

“MHEC and its sister compacts have provided exceptional value to their member states and institutions for many years and we are proud to collaborate with them to deliver leading solutions to our mutual customers,” said Jim Zemaitis, vice president, Oracle Higher Education and Research. “Our new agreement offers even more product and services to higher education institutions that can be consumed rapidly at exceptional price points, with a competitively-awarded contract and negotiated pricing. We have jointly accelerated the value we can provide to the academic, administrative and research areas in support of the students, faculty and staff.”

Oracle Research and Higher Education’s mission is to help institutions worldwide enrich the learning and research experience with innovative cloud solutions that enable student success and institutional sustainability. To learn more visit: http://bit.ly/2D7Z7wU

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
About MHEC

Legislatively created, the Midwestern Higher Education Compact’s purpose is to provide greater higher education opportunities and services in the Midwestern region. Collectively, MHEC creates solutions that build higher education’s capacity to better serve individuals, institutions, and states by leveraging the region’s expertise, ideas, and experiences through multi-state: convening, programs, research, and contracts. Member states are: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. www.mhec.org

Additional contract details and eligibility information can be found on the MHECtech website (http://www.mhectech.org/), or contact Nathan Sorensen, director of government contracts, at (612) 677-2767.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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.

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Katie Barron

  • +1.202.904.1138

Kristin Reeves

  • +1.415.856.5145

Ithaca College Selects Oracle HCM Cloud to Optimize Staff and Faculty Engagement for Enhanced Student Success

Wed, 2018-03-21 07:00
Press Release
Ithaca College Selects Oracle HCM Cloud to Optimize Staff and Faculty Engagement for Enhanced Student Success Oracle HCM Cloud enables 125 year-old college to automate HR processes, improve efficiency and gain real-time employee insights

Redwood Shores, Calif.—Mar 21, 2018

Ithaca College has selected Oracle Human Capital Management (HCM) Cloud to improve operational efficiency and enhance staff, faculty and student engagement. With Oracle HCM Cloud, Ithaca College will be able to modernize its HR systems and gain greater organizational insight by taking advantage of a single, integrated solution for payroll, workforce information and employee management.

Established in 1892, Ithaca College is a private institution dedicated to fostering intellectual growth and character development in its students. It needed to replace time-consuming manual processes with a modern HR solution that could track staff performance and enable seamless collaboration both on and off-campus. After a careful evaluation of competing solutions, Ithaca College selected Oracle HCM Cloud for its real-time insights, detailed dashboards and ability to connect on any device.

“We desperately needed to modernize our HR systems to give our faculty and staff full support and visibility that heightens our ability to focus on the ultimate goal of student success.  Spotlighting our high-performing employees and helping them with their career paths aides in the ultimate outcomes for our students,” said Brian Dickens, CHRO, Ithaca College. “In the past, our manual HR processes made it very difficult to distinguish our high performers, and limited our ability to identify and engage with them. With Oracle HCM Cloud, we’re able to improve the communication between faculty, staff and students on-site and on any mobile-enabled device.”

With Oracle HCM Cloud, Ithaca College will be able to automate many of its HR processes to improve information accuracy and reduce payroll errors. Access to instant analytics and impactful reporting features will enable more strategic HR initiatives and well-informed decision making by improving performance insights. In addition, personalized cross-device experiences powered by Oracle HCM Cloud will enhance engagement by enabling students and faculty to quickly and easily access the information.

“As the cost of education continues to rise, higher education organizations are rethinking traditional processes to drive efficiencies and deliver the best possible student experience,” said Emily He, Senior Vice President, Human Capital Management Cloud Business Group, Oracle. “With Oracle HCM Cloud, higher-education organizations such as Ithaca College can improve education outcomes by using data-driven insights to spotlight high-performing staff and students, identify issues, streamline management and enhance engagement.”

Additional Information

To learn more about Oracle HCM Cloud, follow @OracleHCM on Twitter or Facebook, or read the Modern HR in the Cloud blog.

Contact Info
Evelyn Tam
Oracle
650.506.5936
evelyn.tam@oracle.com
About Ithaca College

To provide a foundation for a lifetime of learning, Ithaca College is dedicated to fostering intellectual growth, aesthetic appreciation, and character development in our students. The Ithaca College community thrives on the principles that knowledge is acquired through discipline, competence is established when knowledge is tempered by experience, and character is developed when competence is exercised for the benefit of others.

Ithaca College is committed to creating an inclusive environment and attracting a diverse body of students, faculty, and staff. All members of the College community are encouraged to achieve excellence in their chosen fields and to share the responsibilities of citizenship and service in the global community.

About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. For more information about Oracle, please visit us at oracle.com.

Trademarks

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

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Evelyn Tam

  • 650.506.5936

Oracle Java SE 10 Release Arrives

Tue, 2018-03-20 11:00
Press Release
Oracle Java SE 10 Release Arrives Continues Commitment to Delivering New Java Innovations Faster and More Frequently

Redwood Shores, Calif.—Mar 20, 2018

Oracle today announced the general availability of Java SE 10 (JDK 10). JDK 10 is a production-ready implementation of the Java SE 10 Platform Specification, as specified by JSR 383 in the Java Community Process. The first release in Oracle’s new six-month Java innovation cycle, Java SE 10 provides a number of new features, including local variable types, parallel full GC for G1, and experimental features such as the Java-Based JIT Compiler.

Java SE 10 was created in close collaboration with the OpenJDK Community, a diverse set of contributors whom have collaborated for more than ten years on an open-source implementation of the Java SE platform. Key features in the new release include:

  • Local-variable type inference: enhances the Java language to extend type inference to declarations of local variables with initializers.
  • Parallel Full GC for G1: improves G1 worst-case latencies by making the full GC parallel.
  • Application Class-Data Sharing: optimizes startup time and footprint by extending the existing Class-Data Sharing ("CDS") feature to allow application classes to be placed in the shared archive.
  • Experimental Java-Based JIT Compiler: enables the Java-based JIT compiler, Graal, to be used as an experimental JIT compiler on the Linux/x64 platform

“Oracle is committed to rapidly evolving and delivering new innovations in the Java platform – this being the first in our newly adopted release cycle and licensing model,” said Georges Saab, Vice President, Software Development, Java Platform Group at Oracle. “We’re especially proud of the simplicity of this release, which introduces useful new features, removes unnecessary elements, and is easy for developers to use.”

To learn more about the JDK 10 release, please visit the Java PM blog. For the full list of features introduced in JDK 10, please visit this page.

Java is the world’s most popular programming language, with over 12 million developers running Java. Java is also the #1 developer choice for cloud, with over 21 billion cloud-connected Java virtual machines.

Contact Info
Alex Shapiro
Oracle
+1.415.608.5044
alex.shapiro@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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.

Talk to a Press Contact

Alex Shapiro

  • +1.415.608.5044

Oracle HCM Cloud Delivers Simple and Powerful Innovations that Can Make Work More Enjoyable and Supportive for Employees

Tue, 2018-03-20 07:00
Press Release
Oracle HCM Cloud Delivers Simple and Powerful Innovations that Can Make Work More Enjoyable and Supportive for Employees New AI capabilities and user experience enhancements deliver a more personal, productive, and rewarding employee experience

ORACLE HCM WORLD, Dallas—Mar 20, 2018

To empower HR professionals and further enhance the employee experience, Oracle (NYSE: ORCL) today announced new artificial intelligence-based capabilities and user experience enhancements within Oracle Human Capital Management (HCM) Cloud. The latest innovations deliver simple, powerful tools that can improve engagement, recruitment, and HR productivity, while also empowering employees to quickly and easily access the information they need to excel at work.

“HR teams have traditionally had to pick between simplicity and performance when selecting new technologies,” said Holger Muller, VP and Principal Analyst, Constellation Research. “To accelerate innovation, improve productivity, and successfully prepare for the future of work, HR can no longer make this trade-off. Instead, HR teams need simple and powerful solutions that combine an intuitive user experience with the latest innovations in areas such as chatbots and artificial intelligence.”

HR professionals need to apply new strategies and technologies to attract, engage, and retain employees to address escalating recruitment costs and increasing employee turnover. The latest innovations within Oracle HCM Cloud enable HR professionals to address these challenges by providing simple, powerful solutions that can proactively anticipate and respond to changing employee and workforce needs. The new innovations can optimize talent management, provide complete workforce insights, increase operational efficiency, and make it easy for everyone to connect, collaborate, and do their job—from anywhere, on any device.

“We are always looking at new ways to enhance the employee experience and optimize business processes, and Oracle has been a key partner in helping us make that possible,” said Larry Freed, CIO, Overhead Door Corporation. “The new AI and user experience enhancements within Oracle HCM Cloud are powerful innovations that will greatly benefit our employees.”

With the new features, HR professionals can simplify and humanize the entire candidate and employee experience by making work more enjoyable, smarter, and collaborative.

Make Work Enjoyable: A redesigned user interface leverages artificial intelligence to help employees minimize busywork and focus on actions and decisions that matter most. The new features include:

  • “Newsfeed” Interface: Employees can now choose a “newsfeed” style interface to highlight the data and details they care about most. For example, tasks that need attention can be highlighted in an easy-to-read tiled format; an automatically updating analytics snapshot can elevate key business insights; and company and employee-related news can be easily accessed without digging through email. 
  • Seamless Search: Intelligent, intuitive, new search capabilities make it easier for employees to find the information they are seeking quickly and easily.
  • One Experience, Any Device: A personalized cross-device experience enables employees to be more productive and take action based on company updates, personal feedback, and goals—no matter where the job takes them—on their desktop, tablet, or mobile phone.
  • Continuous Performance Management: New performance “check-in” capabilities help ensure employees are always receiving real-time coaching and feedback and can easily track goals.
 

Make Work Smarter: Powerful, built-in AI capabilities and guided paths create a simple and personalized experience from a candidate’s first interaction, through to hiring and onboarding. The new features include:

  • Candidate Recruiting: New AI and chatbot capabilities enable candidates to search for jobs and get questions answered directly through channels like Facebook Messenger, while also automatically alerting candidates to updates and needed actions on their channel of choice.
  • Optimized Promotion Process: A “self-driving” promotion process helps employees reach their objectives and succeed in their current positions by providing proactive alerts.
  • Hiring and Onboarding the Right Employees: Advanced machine learning capabilities helpreduce the time it takes to fill open positions by highlighting best-fit candidates and proactively identifying candidates and employees who should be invited to apply.

     

  • Smart Onboarding: New onboarding features enhance collaboration between new hire, manager, and HR team to make it faster and easier for employees to move from “new hire” to an engaged, productive contributor to the team.
 

Make Work Supportive: New smart and adaptable AI-powered business processes enable HR professionals to deliver all the support employees need to excel. The new features include:

  • HR Help Desk in the Cloud: Helps ensure compliance by optimizing the management and security of sensitive Employee Relations cases with configurable actions, such as managing data collection by category and queue. Extended knowledge management capabilities ensure consistent search and content based on security and versioning.
  • Advanced HCM Controls: A pre-built library of best practice controls, security dashboards and workbench capabilities help organizations stop unauthorized access to sensitive HCM functions and data. With the ability to also manage exception and policy violations, HR departments can keep classified employee data protected, while lowering compliance costs (GDPR, SOX etc.), by automating audit procedures and analysis.
 

“We all now expect that enterprise applications offer the same easy, intuitive experience that we enjoy with digital services in our personal lives,” said Chris Leone, senior vice president, HCM Development, Oracle. “With the latest release of Oracle HCM Cloud, we are focused on delivering the best possible employee experience without compromising the security or performance of critical business applications. By leveraging advanced technologies to make HR applications powerful yet simple to use on any device, we can make work smarter, more enjoyable, and more supportive.”

For additional information about Oracle HCM Cloud, follow @OracleHCM on Twitter or Facebook, or read the Modern HR in the Cloud blog.

Contact Info
Simon Jones
Oracle
+1.415.202.4574
s.jones@oracle.com
About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle, please visit us at 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 preceding 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.
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Simon Jones

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Q3 FY18 Cloud Revenues Up 32% to $1.6 Billion and Total Revenues Up 6% to $9.8 Billion

Mon, 2018-03-19 15:00
Press Release
Q3 FY18 Cloud Revenues Up 32% to $1.6 Billion and Total Revenues Up 6% to $9.8 Billion Q3 FY18 GAAP EPS ($0.98) Due to One-Time Charges Related to the 2017 Tax Cuts and Jobs Act
Q3 FY18 NON-GAAP EPS $0.83, Up 20%; Year-to-Date FY18 NON-GAAP EPS Up 16%

Redwood Shores, Calif.—Mar 19, 2018

Oracle Corporation (NYSE: ORCL) today announced fiscal 2018 Q3 results. Total Revenues were up 6% to $9.8 billion, compared to Q3 last year. Cloud and On-Premise Software Revenues were up 8% to $8.0 billion. Cloud Software as a Service (SaaS) revenues were up 33% to $1.2 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 28% to $415 million. Total Cloud Revenues were up 32% to $1.6 billion.

GAAP Operating Income was up 15% to $3.4 billion and GAAP Operating Margin was 35%. Non-GAAP Operating Income was up 9% to $4.3 billion and non-GAAP Operating Margin was 44%. GAAP Net Loss was $4.0 billion and GAAP Loss Per Share was $0.98 due to a one-time net charge totaling $6.9 billion related to the 2017 Tax Cuts and Jobs Act. Non-GAAP Net Income was up 21% to $3.5 billion and non-GAAP Earnings Per Share was up 20% to $0.83.

Short-term deferred revenues were up 8% to $8.0 billion. Operating cash flow on a trailing twelve-month basis was up 13% to $15.2 billion.

“During FY17, I forecast double-digit non-GAAP earnings per share growth for FY18,” said Oracle CEO, Safra Catz. “With non-GAAP earnings per share up 20% in Q3, our year-to-date earnings per share growth is now up to 16%. At this point, I feel quite confident that we will comfortably deliver on my original forecast of double-digit non-GAAP earnings per share growth for FY18.”

“Our Fusion ERP and HCM SaaS applications suite revenues grew 65% in the quarter,” said Oracle CEO, Mark Hurd. “Our Cloud SaaS applications business is rapidly approaching $5 billion …and it’s still early days. Less than 15% of our on-premise applications customers have begun to migrate their applications to the cloud. As the other 85% of our applications customers start to move their applications to the Cloud, we have a huge opportunity in front of us. We expect to more than double the size of our SaaS business very quickly.”

“The Oracle autonomous database is now fully available in the Oracle Cloud,” said Oracle CTO, Larry Ellison. “And there are more autonomous cloud services to come. During this calendar year we expect to deliver Autonomous Analytics, Autonomous Mobility, Autonomous Application Development and Autonomous Integration services. Oracle’s new suite of Autonomous PaaS services delivers an unprecedented level of automation and cost savings to our customers.”

The Board of Directors also declared a quarterly cash dividend of $0.19 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on April 17, 2018, with a payment date of May 1, 2018.

Q3 Fiscal 2018 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, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. In addition, Oracle’s Q3 results and Fiscal 2018 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: 1182679.

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/investor 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 the growth of our non-GAAP EPS, the potential to significantly increase the size of our SaaS business, and the delivery of our new autonomous products, 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 products and services are compromised or if our products and services contain significant coding, manufacturing or configuration errors, we may experience reputational harm, legal claims and reduced sales. (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 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 March 19, 2018. Oracle undertakes no duty to update any statement in light of new information or future events. 

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Ken Bond

  • +1.650.607.0349

Deborah Hellinger

  • +1.212.508.7935

Oracle Health Sciences Clinical One Named 2018 CARE Award Finalist

Thu, 2018-03-15 07:00
Press Release
Oracle Health Sciences Clinical One Named 2018 CARE Award Finalist Cloud-based Solution Recognized for Innovation in Clinical Technology

Redwood Shores, Calif.—Mar 15, 2018

Oracle Health Sciences today announced that Informa Pharma Intelligence named Oracle Health Sciences Clinical One a finalist for the Best Sponsor-Focused Technological Development category in the 2018 Clinical and Research Excellence (CARE) Awards. The awards recognize distinguished leaders who are making important contributions to advancing human health.

“The CARE Awards honor the world’s best innovators in life sciences,” said Karen Currie, Executive Director, Editorial, Pharma Intelligence and Chair of the 2018 CARE Awards judging panel. “Those named play a meaningful role in the entire process of therapeutic discovery, as millions of patients wait with hope. Technology plays a fundamental role in clinical trials and safe and effective drug development, which is why our independent expert panel of judges selected Oracle’s Clinical One platform as a finalist.”

The prestigious CARE awards are produced by Informa Pharma Intelligence, a respected research and publishing authority for pharmaceutical, contract research organizations (CROs), medical technology, biotechnology and healthcare service providers.

Traditionally, clinical operations—the process of developing a potentially life-saving drug from a promising molecule to an FDA-approved therapy—rely on a collection of point solutions that operate in isolation. The Oracle Health Sciences Clinical One platform was purpose built to unify and accelerate the drug discovery process from study design and start-up to conduct and post-marketing. It provides universal access to information that is captured once, secured in the cloud and used across all clinical trial processes. Configurable for trials of any size, customers can dynamically build, deploy and update studies regardless of the time of day.

“We are honored to be recognized for reimagining the way technology supports the entire drug development lifecycle,” said Steve Rosenberg, general manager, Oracle Health Sciences. “Though trials are abundant and the pace of drug approvals seems be temporarily improving. Yet, in the U.S. alone, it can take more than a decade and billions in capital for an experimental drug to travel from the lab to the medicine cabinet. Applying a powerful cloud infrastructure that can handle the volume of data, speed and coordination required for clinical trials can have an instrumental impact on efficiency, safety and compliance.”

Oracle will celebrate this distinction with its customers at the 2018 CARE Awards ceremony and dinner, which will be held on Wednesday, April 25, 2018, at the Boston Harbor Hotel.

Contact Info
Valerie Beaudett
Oracle
+1 650.400.7833
valerie.beaudett@oracle.com
Phebe Shi
Burson Marsteller for Oracle
+1 415.591.4032
phebe.shi@bm.com
About Informa Pharma Intelligence

Informa is a leading business intelligence, academic publishing, knowledge and events group. Informa’s Pharma Intelligence powers a full suite of analysis products - Datamonitor Healthcare, Sitetrove, Trialtrove, Pharmaprojects, Medtrack, Biomedtracker, Scrip, Pink Sheet and In Vivo – to deliver the data needed by the pharmaceutical and biomedical industry to make decisions and create real-world opportunities for growth. For more information, visit pharmaintelligence.informa.com.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About Oracle Health Sciences

Oracle Health Sciences breaks down barriers and opens new pathways to unify people and processes, helping to bring new drugs to market faster. As the number one vendor in Life Sciences (IDC, 2017) and the number one provider of eClinical solutions (Everest Group, 2017), powered by the number one data management technology in the world (Gartner, 2017), Oracle Health Sciences is trusted by 29 of the top 30 pharma, 10 of the top 10 biotech, and 10 of the top 10 CROs for clinical trial and safety management around the globe.

Trademarks

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

Talk to a Press Contact

Valerie Beaudett

  • +1 650.400.7833

Phebe Shi

  • +1 415.591.4032

Oracle to Break Down the Barriers to Creating Epic Customer Experiences at Modern Customer Experience 2018

Wed, 2018-03-14 07:00
Press Release
Oracle to Break Down the Barriers to Creating Epic Customer Experiences at Modern Customer Experience 2018 Dedicated marketing, commerce, sales and customer service sessions to help attendees meet skyrocketing expectations and advance careers

REDWOOD SHORES, Calif.—Mar 14, 2018

To help organizations create epic experiences that deliver predictable and tangible business results, Oracle is hosting Modern Customer Experience 2018 in Chicago, Illinois, April 10-12. Held at McCormick Place hotel convention center, Modern Customer Experience 2018 will bring together thousands of marketing, commerce, sales and customer service professionals to share best practices and insights on meeting the expectations of today’s empowered customers.

Despite an increasing focus on the customer, expectations continue to outpace the experiences many organizations can offer. For customer experience professionals this can seem like a no win situation, particularly when new technologies, rapidly shifting behavioral norms and evolving industry regulations continue to change the game. Modern Customer Experience 2018 will help attendees navigate this complexity, advance their careers and take advantage of new technologies such as AI, blockchain and the Internet of Things to create legendary, irresistible experiences.

Modern Customer Experience 2018 will bring together CX practitioners and industry visionaries to share the latest insights on customer experience management. The event will feature:

  • Engaging Keynotes: Keynote speakers include Comcast Executive Vice President, Chief Customer Experience Office Charlie Herrin, Fanatics Vice President of Fan Experience Carolyne Matseshe-Crawford, Oracle Marketing Cloud Senior Vice President Shashi Seth, Bestselling Author Cheryl Strayed, Duel Founder Paul Archer, YouTube Personality Casey Neistat and Oracle Vice President, Demand Generation and Marketing EMEA/APAC Amanda Jobbins.
  • Inspirational Customer Experience Stories: The conferences will feature a range of guest speakers including Convince and Convert President Jay Baer,CXOTalk Industry Analyst Michael Krigsman, Airborn Interconnect Directory of Digital Transformation Rommel Bayola, Zenimax Media Director Customer Support Boyd Beasley, Five9 President Dan Burkland, Chicago Bulls Senior Analyst Jenna Gales and many more.
  • Powerful and Practical Insights: Attendees will have access to pre-conference education sessions and nearly 300 sessions at the conference. This will include marketing, commerce, sales and service tracks, which provide immersive learning opportunities and include hands-on workshops, demos and case studies.
  • Lessons from Legends: More than 30 awards will recognize legendary CX leaders across marketing, commerce, sales and customer service. Our CX awards, which include our 12th annual Markies awards, will be hosted on April 10 at 8:00 p.m., and will spotlight the legendary efforts of those who push the boundaries of innovation to create closer connections with their customers.
  • Lots of Fun: Oracle’s customer appreciation event, CX Fest Concert, on Wednesday, April 11 at 7:30 p.m., will offer attendees a night of great music from Weezer and more opportunities to connect with peers.

“Customer experience professionals are facing a perfect storm of technological, business and societal change that is shifting expectations and reshaping the very nature of marketing, sales, service and commerce,” said Des Cahill, vice president and head CX Evangelist, Oracle. “Technology and data have been presented as the panacea, but in reality, it’s not a case of simply automating experiences with technology. Instead, it’s about using technology to remove the barriers that prevent people from delivering epic experiences. At Modern Customer Experience 2018, we have hundreds of sessions planned that will help attendees navigate all the complexity and uncertainty in today’s business environment to advance their careers. It’s going to be a great event.”

Register to attend Modern Customer Experience 2018 now through April 9 for $1,395. Use the code CXPR to receive $500 off of the onsite rate.

Contact Info
Kimberly Guillon
Oracle
209.601.9152
kim.guillon@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us 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.

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Kimberly Guillon

  • 209.601.9152

Study Finds Precision Medicine Initiatives Active in Broader Spectrum of Disease Areas and Datasets, But Not Without Technological Challenges

Tue, 2018-03-06 10:00
Press Release
Study Finds Precision Medicine Initiatives Active in Broader Spectrum of Disease Areas and Datasets, But Not Without Technological Challenges

HIMSS CONFERENCE - LAS VEGAS, NV—Mar 6, 2018

Oracle Health Sciences today announced the results of a new study that explores the current and planned status of precision medicine initiatives, associated challenges and the future impact of this discipline on life sciences and healthcare communities.

Conducted by GenomeWeb and sponsored by Oracle Health Sciences, the study revealed perspectives on the state of precision medicine from 316 scientists, researchers and other members of the life sciences and healthcare industries. While these communities have largely embraced the concept behind precision medicine—using the molecular makeup of patients in order to improve the diagnosis and treatment of disease—the survey captured a deeper look into the current and future statuses, approaches and implementations of precision medicine initiatives.

Among its numerous findings, the survey discovered that the majority of organizations are active with precision medicine initiatives; 62 percent of the respondents participate in research activities to drive biomarker discovery or translational research, while another 12 percent would like to participate or are planning to do so in the next 12-24 months. Not surprisingly, oncology is still considered the disease area where precision medicine will have greatest impact. However, respondents also believe precision medicine will benefit several other disease areas, including cardiovascular disease, neurology and pediatrics, which are already included in some organizations’ current initiatives.

Early initiatives in precision medicine leveraged commercial partners to generate testing and results, but the new research highlights a shift of bringing more functionality in-house, with over 50 percent of respondents claiming to use either a hybrid or in-house approach.

More than 72 percent of respondents from organizations with ongoing precision medicine initiatives said they are using next-generation sequencing (NGS) variant panels. There is a growing interest in additional data types, including more complex NGS, whole genome sequencing, and other omics data types. The study also found that nearly 80 percent hope they will be able to fully leverage large, more complex datasets to identify new insights and improve treatment recommendations by implementing these technologies in the future.

The survey also found that the vast majority of respondents who are not currently planning such an effort indicated that they would see a benefit in pursuing one, and only 18 percent of the respondents indicated an insufficient benefit to their business. However, there are still a variety of challenges in developing a precision medicine initiative, with insufficient technical structures cited as a huge obstacle in organizations’ ability to pursue precision medicine initiatives.

"Precision medicine is vital to advancing medicine, and critical to its success is the underlying technology needed to manage the large volumes of data it requires," said Andy Alasso, Global Vice President, Oracle Health Sciences. "The findings revealed that while there is widespread interest in using more complex and diverse clinical and genomics data, there is also anxiety among researchers about deficiencies in their current technical infrastructure to handle such data. This underscores the importance of platforms like Oracle Healthcare Foundation (OHF) to ensure the pace of innovation in precision medicine is not slowed by a lack of technical support."

The study was conducted in the fall of 2017 by GenomeWeb and sponsored by Oracle Health Sciences. Data was gathered via an online survey taken by GenomeWeb readers from a variety of organizations including academic institutes, hospitals/medical centers, government agencies, pharmaceutical companies, contract research organizations, genomics service providers and clinical/reference labs. The total number of respondents surveyed was 316 and included primarily scientists and researchers, followed by people in executive or corporate management positions.

Contact Info
Valerie Beaudett
Oracle
+1 650.400.7833
valerie.beaudett@oracle.com
Phebe Shi
Burson Marsteller
+1 415.216.3067
phebe.shi@bm.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About Oracle Health Sciences

Oracle Health Sciences breaks down barriers and opens new pathways to unify people and processes, helping to bring new drugs to market faster. As the number one vendor in Life Sciences (IDC, 2017) and the number one provider of eClinical solutions (Everest Group, 2017), powered by the number one data management technology in the world (Gartner, 2017), Oracle Health Sciences is trusted by 29 of the top 30 pharma, 10 of the top 10 biotech, and 10 of the top 10 CROs for clinical trial and safety management around the globe.

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Valerie Beaudett

  • +1 650.400.7833

Phebe Shi

  • +1 415.216.3067

CSPs Improve Call Processing Performance 30% with Latest Release of Oracle Communications Session Border Controller

Mon, 2018-02-26 07:00
Press Release
CSPs Improve Call Processing Performance 30% with Latest Release of Oracle Communications Session Border Controller New innovations in reliability, performance and serviceability drive next-generation of industry’s leading SBC platform and Acme Packet 6350

Redwood Shores, Calif.—Feb 26, 2018

Delivering new innovations in one of the world’s most widely deployed SBC offering, Oracle today announced the next generation of Oracle Communications Session Border Controller (SBC) and Acme Packet Platform . With these enhancements, Communications Service Providers (CSPs) can benefit from new industry-leading VoLTE subscriber density, and significantly improved call-processing performance, while achieving new levels of security and reliability, with a reduced hardware footprint and lower costs.

“CSPs are in the midst of a massive digital transformation. But while they move to diversify revenue streams and explore adjacent markets, it’s critical that they maintain stellar performance across their core services,” said Doug Suriano, group vice president, Oracle Communications. “These recent enhancements underscore our commitment to helping our CSP customers innovate, while also protecting their network core with the industry’s top performing, most cost-effective and reliable SBC solutions.”

Oracle Communications SBCs enables trusted, first-class communications across IP network access borders and IP interconnect borders, including fixed line, mobile (VoLTE), and over-the-top (OTT) services. Based on Acme Packet OS, Oracle Communications SBC operates on Oracle's range of purpose-built hardware platforms or general-purpose servers to deliver a unique combination of performance, capacity, high availability, and manageability. With the offering, CSPs can manage critical requirements for security, interoperability, reliability and quality, regulatory compliance, and revenue/cost optimization.

Industry Leading Performance and Serviceability

Whether it’s standard voice calls, video conferencing, instant messaging, or OTT, Oracle Communications SBC is the backbone for delivering trusted communications. With the new innovations in Oracle Communications SBC release S-Cz8.0.0, CSPs can enhance call-processing performance by up to 30 percent—delivering an even better experience to their customers. 

The new offering now runs as a single software image that supports both Acme Packet platforms as well as virtualized deployments, enabling easier, seamless adoption of virtualization. New serviceability features also enable CSPs to quickly self-diagnose network and/or system issues, increasing network reliability and shortening time-to-repair. Finally, release S-Cz8.0.0 contains many enhancements increasing network border security, and dramatically increases the capacity of virtualized deployments.

Acme Packet 6350—The Leading Platform for VoLTE Deployments

Oracle introduces the latest and highest performing addition to the Acme Packet platform family, the Acme Packet 6350. Already deployed in production networks of leading carriers today, the Acme Packet 6350 is a compact 3U platform that increases subscriber density threefold, while also reducing CSPs hardware footprint and enabling reduced costs. This makes the platform especially relevant for VoLTE access deployments, where Oracle is an industry leader in VoLTE subscriber density under real-world conditions.

Additional benefits and features of the Acme Packet 6350 include:

  • 8 Core CPU for even greater processing power
  • 48 GB system memory providing added performance and incredible subscriber density
  • High-density transcoding
  • Field proven architecture, with a high capacity in a small (3RU) footprint
  • Leverages many Acme Packet 6300 components, including the NIU, TCU, and SSM3

Oracle Communications provides the integrated communications and cloud solutions that enable users to accelerate their digital transformation journey—from customer experience to digital business to network evolution. See Oracle Communications SBC in action at Mobile World Congress, Barcelona, February 26–March 1, 2018, Hall 3, Booth 3B30.

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Raleigh Miller
Burson-Marsteller
+1.202.530.4554
raleigh.miller@bm.com
About Oracle

OThe Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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

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Katie Barron

  • +1.202.904.1138

Raleigh Miller

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Oracle Communications Network Charging and Control Enables Mobile Service Providers to Differentiate and Monetize Their Brand

Thu, 2018-02-22 07:00
Press Release
Oracle Communications Network Charging and Control Enables Mobile Service Providers to Differentiate and Monetize Their Brand Delivers agile online charging for high-growth mobile, cloud and IoT services

Redwood Shores, Calif.—Feb 22, 2018

Oracle today announced the latest version of Oracle Communications Network Charging and Control (NCC), a key product in Oracle’s complete digital monetization portfolio which addresses communications, cloud and IoT services. A modern, standards-based online charging system for prepaid dominant mobile markets, Oracle Communications NCC expands the reach of Oracle’s digital monetization portfolio to help service providers, mobile virtual network enablers (MVNEs) and operators (MVNOs) in high growth markets, introduce innovative and interactive mobile offers to rapidly and cost effectively monetize their brands. Key capabilities introduced in this new release include 3GPP advanced data charging and policy integration together with support for contemporary, cost effective deployments on Oracle Linux.

The pre-paid market for consumer mobile broadband and Intelligent-Network (IN) voice services continues to grow globally. Ovum forecasts1 that the market for pre-paid mobile voice and data subscriptions will grow from 5.5B subscriptions in 2017 to 6.0B subscriptions in 2022 with highest net growth in developing markets. In addition, the GSMA estimates there to be almost 1,000 MVNOs globally with more than 250 mobile network operator (MNO) sub-brands, all seeking growth through brand differentiation.

For such operators, Oracle Communications NCC provides advanced mobile broadband and IN monetization, intuitive graphical service logic design and complete prepaid business management in a single solution. It supports flexible recharge and targeted real-time promotions, complete and secure voucher lifecycle management, and a large set of pre-built and configurable service templates for the rapid launch of new innovative offers. This is critical as competitive pressures and customer expectations mount, requiring service providers to rethink their services and how they can increase brand engagement and loyalty. With this evolution in services, it’s imperative that underlying charging systems evolve to meet these changing business requirements—across digital, cloud and IoT services.

ASPIDER-NGI builds, supports and operates innovative MVNO and IoT platforms for Operator, Manufacturer and Enterprise sectors,” said David Traynor, Chief Marketing Officer, ASPIDER-NGI. “We use Oracle Communications Network Charging and Control as part of our MVNE infrastructure, allowing our clients to quickly deploy new mobile data and intelligent network services. Our clients demand the controls to deliver competitive offerings to specific customer segments and to support their own IoT business models. This release provides us the agility to accelerate our pace of innovation with an online charging platform that supports the latest 3GPP technologies.”

Oracle Communications NCC aligns with 3GPP Release 14 Policy and Charging Control (PCC) standards, including Diameter Gy data services charging, and supports comprehensive SS7 Service Control (CAP, INAP, and MAP) for IN services. In addition, it supports integration with Policy and Charging Rules Function (PCRF) deployments, including Oracle Communications Policy Management, via the Diameter Sy interface. Such integration provides support for a wide range of value added scenarios from on-demand bandwidth purchases for video or data intensive services to fair usage policies that gracefully reduce mobile bandwidth as threshold quotas are met to ensure an optimal customer experience. Oracle Communications NCC may be deployed in a virtualized or bare metal configuration on Oracle Linux using the Oracle Database to provide a highly cost effective, performant and scalable online charging solution.

“This major release of Oracle Communications Network Charging and Control reiterates Oracle’s continued commitment to provide a complete and cost effective online charging and business management platform for the pre-paid consumer mobile market,” said Doug Suriano, senior vice president and general manager, Oracle Communications. “With new features including support for policy integration and deployment flexibility on a contemporary, open platform, we are offering our customers a modern alternative to traditional IN platforms, enabling them to differentiate and grow their brands, and in turn, delight their customers.”

In addition to Oracle Communications Network Charging and Control, Oracle’s digital monetization portfolio also includes Oracle Communications Billing and Revenue Management and Oracle Monetization Cloud, which collectively support the rapid introduction and monetization of subscription and consumption based offerings.

Oracle Communications provides the integrated communications and cloud solutions that enable users to accelerate their digital transformation journey—from customer experience to digital business to network evolution. See Oracle Communications NCC in action at Mobile World Congress, Barcelona, February 26–March 1, 2018, Hall 3, Booth 3B30. Ovum, TMT Intelligence, Informa, Active Users, Prepaid and Postpaid Mobile Subscriptions, February 09, 2018

1. GSMA Intelligence—Segmenting the global MVNO footprint—https://www.gsmaintelligence.com/research/2015/03/infographic-segmenting-the-global-mvno-footprint/482/

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Kristin Reeves
Blanc & Otus
+1.925.787.6744
kreeves@blancandotus.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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.

Talk to a Press Contact

Katie Barron

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Kristin Reeves

  • +1.925.787.6744

Oracle Data Cloud Launches Data Marketing Program to Help Savvy Auto Dealer Agencies Better Use Digital Data

Wed, 2018-02-21 12:55
Press Release
Oracle Data Cloud Launches Data Marketing Program to Help Savvy Auto Dealer Agencies Better Use Digital Data Nine Leading Retail Automotive Marketing Agencies Are First to Complete Comprehensive Program, Receive Oracle Data Cloud’s Auto Elite Data Marketer (EDM) Designation

Redwood City, Calif.—Feb 21, 2018

Oracle Data Cloud today launched an advanced data training and marketing program to help savvy auto dealer agencies better use digital data. Oracle also announced the first nine leading Tier 3 auto marketing agencies to qualify for the rigorous program and receive Oracle Data Cloud’s Auto Elite Data Marketer (EDM) designation. Those companies included: C-4 Analytics, Dealer Inspire, Dealers United, Goodway Group, L2TMedia, SocialDealer, Stream Marketing, Team Velocity, and TurnKey Marketing. Oracle’s Auto Elite Data Marketer program will help agencies effectively allocate their marketing resources as advertising budgets shift from offline media to digital platforms.

“As the automotive industry goes through an era of transformational change, dealers are literally where the rubber meets the road, and they need cutting edge marketing tools to help maintain or grow market share,” said Joe Kyriakoza, VP and GM of Automotive for the Oracle Data Cloud. “Tier 3 marketers know that reaching the right audience drives measurable campaign results. By increasing the data skills of our marketing agency partners, Oracle can help them directly impact and improve their clients’ campaign results.”

Oracle Data Cloud’s Auto Elite Data Marketer Program includes:

  1. 1. Education & training - Expert training to the marketing agency and their extended teams on advanced targeting strategies and audience planning techniques

  2. 2. Customized collateral - Co-branded collateral pieces to support client marketing efforts, including summary sheets, decks, activation guides, and other materials.

  3. 3. Co-branding marketing - Co-branded marketing initiatives through thought leadership, speaking opportunities, and co-hosted webinars.

  4. 4. Strategic sales support - Access to Oracle’s specialized Retail Solutions Team and the Oracle Data Hotline to support strategic pitches, events, and RFP inquiries.

“We are proud to have worked with Oracle Data Cloud since the beginning, shaping the program together to drive more business for dealers using audience data,” said Joe Chura, CEO of Dealer Inspire. “Our team is excited to continue this relationship as an Elite Data Marketer, empowering Dealer Inspire clients with the unique advantage of utilizing Oracle data for automotive retail targeting.”

“We are consumed with data that allows for hyper-personalization and better targeting of in-market consumers,” said David Boice, CEO and Chairman of Team Velocity Marketing. “Oracle is a new goldmine of data to drive excellent sales and service campaigns and a perfect complement to our Apollo Technology Platform.”  According to Joe Castle, Founder of SOCIALDEALER, “We are excited to be one of the few Auto Elite Data Marketers which provides us a deeper level of custom audience data access from Oracle. Our companies look forward to working closely to further deliver a superior ROI to all our dealership and OEM relationships.”

Through the Auto Elite Data Marketer program, retail marketers learn how to use Oracle’s expansive selection of automotive audiences, which cover the entire vehicle ownership lifecycle, like in-market car shoppers, existing owners, and individuals needing auto finance, credit assistance, or vehicle service. This comprehensive data set allows clients to precisely target the right prospects for any automotive retail campaign. Oracle has teamed up with industry leading data providers to build the robust dataset, like IHS Markit’s Polk for vehicle ownership and intent data, Edmunds.com for online car shopper data and TransUnion the trusted source for consumer finance audiences.

Oracle Data Cloud plans to expand the Auto Elite Data Marketer program to include additional dealer marketing agencies, as well as working directly with dealers and dealer groups and their media partners to use data effectively for advanced targeting and audience planning efforts. For more information about the Auto Elite Data Marketer program, please contact the Oracle Auto team at dealersolutions@oracle.com.

Oracle Data Cloud

Oracle Data Cloud operates the BlueKai Data Management Platform and the BlueKai Marketplace, the world’s largest audience data marketplace. Leveraging more than $5 trillion in consumer transaction data, more than five billion global IDs and 1,500+ data partners, Oracle Data Cloud connects more than two billion consumers around the world across their devices each month. Oracle Data Cloud is made up of AddThis, BlueKai, Crosswise, Datalogix and Moat.

Oracle Data Cloud helps the world’s leading marketers and publishers deliver better results by reaching the right audiences, measuring the impact of their campaigns and improving their digital strategies. For more information and free data consultation, contact The Data Hotline at www.oracle.com/thedatahotline

Contact Info
Simon Jones
Oracle
+1.650.506.0325
s.jones@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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

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Simon Jones

  • +1.650.506.0325

Oracle Honors Change Agents of Finance at Oracle Modern Finance Experience

Thu, 2018-02-15 07:00
Press Release
Oracle Honors Change Agents of Finance at Oracle Modern Finance Experience Awards recognize organizations using modern cloud technologies to drive business transformation

Oracle Modern Finance Experience, New York—Feb 15, 2018

To promote best practices and celebrate the success organizations are achieving by modernizing financial and operational processes in the cloud, Oracle (NYSE: ORCL) today announced the winners of the 2018 Change Agents of Finance Awards. The awards recognize top organizations and business leaders that are driving growth by embracing Oracle cloud solutions and modern best practices to transform the finance function and other critical business processes.

The 2018 winners include Beall’s Inc., Caesars Entertainment, Dropbox, Hilton, National Rural Utilities Cooperative Finance Corporation (NRUCFC), Orange, Park Hotels & Resorts, and Wilmington Savings Fund Society (WSFS).

The 2018 Change Agents of Finance Awards is a global program that encompasses 10 categories that represent the best of twenty-first century finance. Finalists were nominated and voted for by their finance peers based on their ability to deliver tangible business results through the application of innovative cloud technologies to their unique business case.

“The Change Agents of Finance Awards recognize visionary leaders that are reimagining their finance functions in order to thrive and grow in today’s digital economy,” said Doug Kehring, executive vice president and Chief of Staff, Oracle. “This year’s winners are industry pioneers leveraging Oracle ERP Cloud and Oracle EPM Cloud solutions to differentiate their organizations and deliver outstanding results.”

Winners of the 2018 Oracle Change Agents of Finance Awards are:

  • Frugal Finance Award: Wilmington Savings Fund Society (WSFS), Dominic C. Canuso, EVP and Chief Financial Officer
  • Better Together Award: Park Hotels & Resorts, Darren Robb, Senior Vice President and Chief Accounting Officer
  • Fast Finance Award: Caesars Entertainment, Michael Mann, VP of Transformation
  • Modern Close Award: National Rural Utilities Cooperative Finance Corporation (NRUCFC), Lori Culp, Assistant Controller
  • Roll With It Award: Hilton, Anand Naimpally, SVP, Finance
  • Shared Services Superstar Award: Orange, Djamel Benallal, Head of Finance Group Solutions
  • Crystal Ball Award: Dropbox, Annie Ogata, Corporate FP&A Lead
  • Oracle Billion-Dollar Story Award: Orange, Christophe Eouzan, Chief Accounting Officer
  • Top Talent Award: Beall’s Inc., Brian Crowley, CFO

For additional information on these winners, please visit the Oracle Change Agents of Finance Awards website.

Contact Info
Evelyn Tam
Oracle PR
+1.650.506.5936
evelyn.tam@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

Trademarks

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

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Evelyn Tam

  • +1.650.506.5936

Oracle Buys Zenedge

Thu, 2018-02-15 06:04
Press Release
Oracle Buys Zenedge Adds Leading Cloud-Based Network and Infrastructure Security Capabilities to Protect Enterprises from Today’s Complex Digital Threats

Redwood Shores, Calif.—Feb 15, 2018

Oracle today announced that it has signed an agreement to acquire Zenedge, which helps secure critical IT systems deployed via cloud, on-premise or hybrid hosting environments.

Customers leverage Zenedge’s Web Application Firewall (WAF) and Distributed Denial of Service (DDoS) mitigation products to secure their applications, networks, databases and APIs from malicious Internet traffic. Powered by artificial intelligence (AI), Zenedge’s products and 24/7 virtual Security Operations Center (SOC) defend over 800,000 web properties and networks globally.

Oracle delivers a comprehensive set of subscription-based cloud infrastructure services that enables businesses to run any workload in an enterprise-grade cloud managed, hosted and supported by Oracle. Zenedge expands Oracle Cloud Infrastructure and Oracle’s Domain Name System (DNS) capabilities, adding innovative application and network protection that augments existing Oracle security services and partnerships. Together, Oracle and Zenedge will allow enterprises to adopt cloud services without compromising performance, cost, control or security through an expanded Oracle Cloud Infrastructure platform.

“Customers demand enterprise-grade infrastructure to run their critical business systems in the cloud,” said Don Johnson, Senior Vice President of Product Development, Oracle. “Oracle Cloud Infrastructure as a Service delivers leading cloud services to address those needs. The combination with Zenedge equips Oracle Cloud Infrastructure with integrated, next-generation network and infrastructure security, to address modern security threats.”

“Customers achieve tremendous results with Zenedge’s innovative WAF and DDoS mitigation products, from a 99% reduction in illicit website traffic to a 99.75% improvement in page load times,” said Yuri Frayman, CEO of Zenedge. “We could not be more enthusiastic about joining forces with the leader in enterprise-grade cloud infrastructure, and delivering similar results to even more customers at scale.”

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

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

The Oracle Cloud offers complete SaaS application suites for ERP, SCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. 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.

Oracle is currently reviewing the existing Zenedge 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 Zenedge’s product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by Zenedge or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. It is intended for information purposes only, and may not be incorporated into any contract.

Cautionary Statement Regarding Forward-Looking Statements

This document contains certain forward-looking statements about Oracle and Zenedge, including statements that involve risks and uncertainties concerning Oracle’s proposed acquisition of Zenedge, 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 Zenedge, 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 may deteriorate and/or Oracle or Zenedge 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 Zenedge. 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 Zenedge is under any duty to update any of the information in this document.

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Deborah Hellinger

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Ken Bond

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Oracle Cloud Applications Help Providence St. Joseph Health Deliver on its Digital Innovation Vision

Wed, 2018-02-14 11:00
Press Release
Oracle Cloud Applications Help Providence St. Joseph Health Deliver on its Digital Innovation Vision Oracle Cloud Applications improves organizational efficiency, delivery of services, and patient outcomes for non-profit healthcare organizations

Redwood Shores, Calif.—Feb 14, 2018

Oracle today announced that Providence St. Joseph Health has selected Oracle Cloud Applications to advance its critical business systems and streamline operational processes.

Providence St. Joseph Health needed a modern business platform that could scale to support its changing needs. With Oracle Enterprise Resource Planning (ERP) Cloud, Oracle Enterprise Performance Management (EPM) Cloud, Oracle Human Capital (HCM) Cloud, and Oracle Supply Chain Management (SCM) Cloud, Providence St. Joseph Health will be able to combine finance, employee, and supplier data to help improve productivity, reduce costs, and enhance visibility within the organization.

“We are focused on creating smarter and more efficient systems for managing our growing system, improving planning and forecasting, and enabling agile decision-making,” said Jo Ann Escasa-Haigh, Executive Vice President & Chief Financial Officer, Operations at Providence St. Joseph Health. “We are excited to partner with Oracle to deliver a solution to match our expanding needs.”

Oracle ERP Cloud’s complete, modern, and innovative platform will help Providence St. Joseph Health transform its finance function by enabling increased productivity, lower costs, and improved controls. Oracle EPM Cloud will enable Providence St. Joseph to analyze data for accurate forecasting and budget planning. Oracle SCM Cloud will help increase the efficiency of operations by enforcing procurement policies, providing real-time insights, and automating demand/supply planning. Oracle HCM Cloud will provide insightful data and tools to help Providence St. Joseph Health optimize talent management, gain complete workforce insights, and increase operational efficiency to drive a better employee experience.

“Oracle Cloud Applications will support Providence St. Joseph Health in driving our vision of digital innovation in our business processes, agility in our deployment of solutions, and long-term value and scalability,” adds Janice Newell, Executive Vice President, Information Services & Chief Information Officer at Providence St. Joseph Health.

“Technology plays an important role in the healthcare industry, from helping offices run more efficiently to enabling hospital staff to deliver more accurate diagnoses and save more lives,” said Steve Miranda, Executive Vice President, Applications Product Development, Oracle. “Oracle Cloud Applications will significantly improve business systems and organizational efficiency to help Providence St. Joseph Health provide superior patient care and better respond to community health needs.”

Additional Information

For additional information on Oracle ERP Cloud applications, visit Oracle Enterprise Resource Planning (ERP) Cloud’s Facebook and Twitter or the Modern Finance Leader blog.

More information on Oracle HCM Cloud can be found on the Modern HR in the Cloud blog, follow @OracleHCM on Twitter or Facebook.

For additional information on Oracle SCM Cloud, visit FacebookTwitter or the Oracle SCM blog.

To learn more about Providence St. Joseph Health, visit psjhealth.org.

Contact Info
Evelyn Tam
Oracle PR
1.650.506.5936
evelyn.tam@oracle.com
Nisha Morris
Providence St. Joseph Health PR
1.714.414.3232
nisha.morris@stjoe.org
About Providence St. Joseph Health

Providence St. Joseph Health is committed to improving the health of the communities it serves, especially those who are poor and vulnerable. Including 50 hospitals, 829 physician clinics, senior services, supportive housing and many other health and educational services, the health system and its partners employ more than 111,000 caregivers (employees) serving communities across seven states – Alaska, California, Montana, New Mexico, Oregon, Texas and Washington. With system offices based in Renton, Wash. and Irvine, Calif., the Providence St. Joseph Health family of organizations works together to meet the needs of its communities, both today and into the future. For more information about Providence St. Joseph Health, visit psjhealth.org.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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 preceding 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

Evelyn Tam

  • 1.650.506.5936

Nisha Morris

  • 1.714.414.3232

Caesars Entertainment Transforms Its Iconic Business with Oracle

Wed, 2018-02-14 07:15
Press Release
Caesars Entertainment Transforms Its Iconic Business with Oracle World-leading gaming and entertainment company selects Oracle Cloud Applications to transform business processes

Redwood Shores, Calif.—Feb 14, 2018

Caesars Entertainment Corporation, the world’s most diversified casino entertainment company, has selected Oracle Cloud Applications to improve the experiences of its guests and employees. With Oracle Cloud Applications, Caesars Entertainment has increased business agility and reduced costs by streamlining financial processes and improving employee productivity and engagement across its entire business operations, which includes Harrah’s, Caesars and Horseshoe.

To modernize business processes while continuing to provide its guests with unsurpassed service across 47 properties in five countries, Caesars Entertainment needed to completely rethink its existing business systems. With Oracle Enterprise Resource Planning (ERP) Cloud  and Oracle Human Capital Management (HCM) Cloud services, Caesars Entertainment has transformed its business by connecting 650 disparate systems to a cloud-based solution that unifies business and employee data on a modern, unified platform.

“We are always looking at how we can provide guests with the best possible services and products,” said Keith Causey, senior vice president and chief accounting officer, Caesars Entertainment. “While we have traditionally focused on the guest experience, a critical part of that process involves the business applications we use to run our organization. Oracle Cloud Applications enabled us to modernize our financial and HR systems so that we could quickly and easily embrace industry best practices, connect disparate applications and data sets and improve productivity.”

Oracle Cloud Applications will enable Caesars Entertainment to benefit from a complete and fully integrated suite of business applications. With Oracle ERP Cloud, Caesars Entertainment will be able to increase productivity, lower costs and improve controls by eliminating spreadsheets and manual processes. Oracle HCM Cloud will enable Caesars Entertainment to find, grow and retain the best talent and achieve complete workforce insights by streamlining access to internal and external talent and delivering advanced reporting and analytics.

“Caesars Entertainment has become part of the American culture, earning its place in the minds of millions worldwide,” said Steve Miranda, executive vice president of applications development at Oracle. “With Oracle Cloud Applications, Caesars Entertainment has embraced modern finance and HR best practices, increased productivity and dedicated more resources to its ongoing mission to provide guests with amazing experiences.”

Contact Info
Evelyn Tam
Oracle PR
+1.650.506.5936
evelyn.tam@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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 preceding 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.

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Evelyn Tam

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Report: Cloud Services to Increase U.S. GDP by $2 Trillion over the Next Decade

Wed, 2018-02-14 07:00
Press Release
Report: Cloud Services to Increase U.S. GDP by $2 Trillion over the Next Decade New research from Dr. Michael Mandel, senior fellow at the Mack Institute of Innovation Management at Wharton, predicts cloud accessibility to technologies such as blockchain, AI, and automation, will power the next big wave of U.S. productivity

Oracle Modern Finance Experience, New York, NY—Feb 14, 2018

Oracle (NYSE: ORCL) today published a report examining the potential impact of cloud services on the United States economy. Authored by Dr. Michael Mandel, senior fellow at the Mack Institute of Innovation Management at the Wharton School and commissioned by Oracle, the report estimates that a cumulative US$2 trillion will be added to U.S. Gross Domestic Product over the next ten years as a result of the productivity and innovation gains that cloud services will deliver. These gains will be attained through the widespread diffusion of advanced technologies such as blockchain, artificial intelligence, cognitive computing, machine learning, and intelligent automation; as well as industry best practices.

The report, titled “Intelligent Finance: How CFOs Can Lead the Coming Productivity Boom builds upon a 2017 study conducted by Dr. Mandel on behalf of the Technology CEO Council. It provides CFOs and finance leaders with a deeper understanding of the potential productivity and profitability gains that can be realized by embracing cloud services and the emerging technologies and best practices they contain.

Dr. Mandel’s research shows a widening productivity divide between the organizations and industries that have invested in software technologies and those that haven’t. But, the report predicts cloud services will close the productivity gap as organizations and industries that have traditionally lagged in technology adoption begin to take advantage of more cost effective and accessible cloud-based solutions. These gains will benefit workers, shareholders, and the broader economy. 

“The cloud era will give low-productivity organizations and industries access to the same technology and best practices that companies in high-productivity industries benefit from,” said Dr. Michael Mandel. “By standardizing and automating routine tasks, the lower producers will increase efficiency and reduce the cost of many processes, which will help them self-fund further investments in technology, develop new capabilities, and redeploy and hire resources for higher-level and better-paid tasks.”

One low-productivity industry that is well-poised to take advantage of emerging cloud technologies is healthcare—a $3 trillion industry.

“Cloud services now provide us with the basis for integrating our financial data with population health data,” said Michael Murray, senior vice president and chief financial officer at Blue Shield of California, which provides healthcare coverage for more than four million Americans. “Through data analytics and better population health management, the United States could remove hundreds of millions of dollars in costs out of the healthcare system. It’s a huge economic opportunity and will ultimately enhance clinical quality and patient outcomes.”

“The potential impact of emerging technologies on society cannot be understated,” noted Dave Donatelli, executive vice president, Cloud Business Group, Oracle. “In addition to creating new jobs and industries based on technology innovations in areas such as 3D printing, artificial intelligence, and cognitive computing, new technologies can help address some of our country’s basic needs. For example, many Americans are struggling to afford the high cost of healthcare coverage and basic medical expenses. Imagine if technology could predict illness and health risks to keep the population healthier. Similarly, cloud-based technologies have the potential to bring down the cost of education, using artificial intelligence, bots, and IoT to create more efficient institutions and better student outcomes.”

As part of the research, Dr. Mandel conducted in-depth interviews with CEOs, CFOs, and other top executives at companies in key industries identified as essential to U.S. economic growth.

Oracle customers who participated in the report, include:

  • Blue Shield of California (healthcare)
  • Carbon (manufacturing)
  • ConnectOne Bank (financial services)
  • FairfieldNodal (oil & gas)
  • Oracle (high tech)
  • Shawnee State University (education)
  • The Wonderful Company (retail/consumer)


The full report can be downloaded at www.oracle.com/intelligent-finance-report.

Contact Info
Evelyn Tam
Oracle PR
1.650.506.5936
evelyn.tam@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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 Disclaimer

The preceding 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.

Statements in this article relating to Oracle’s future plans, expectations, beliefs, and intentions are “forward-looking statements” and are subject to material risks and uncertainties. Such statements are based on Oracle’s current expectations and assumptions, some of which are beyond Oracle’s control. All information in this article is current as of October 2, 2017 and Oracle undertakes no duty to update any statement in light of new information or future events.

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Evelyn Tam

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Oracle Expands its Global Startup Ecosystem

Tue, 2018-02-13 13:48
Press Release
Oracle Expands its Global Startup Ecosystem New “Virtual” Global Scaleup Program Launches; Residential Startup Program Expands to North America with Austin, Texas Location

Redwood Shores, Calif.—Feb 13, 2018

Oracle today announced the expansion of its global startup ecosystem in an effort to increase the impact and support for the wider startup community, reach more entrepreneurs worldwide, and drive cloud adoption and innovation. The expansion includes the launch of a new virtual-style, non-residential global program, named Oracle Scaleup Ecosystem, as well as the addition of Austin to the residential Oracle Startup Cloud Accelerator program. The addition of Austin brings the residential program to North America and expands the accelerator’s reach to nine total global locations.

“In 2017, we launched eight residential programs ahead of schedule and attracted almost 4,000 global startups for only 40 program slots—a clear indication of the tremendous demand,” said Reggie Bradford, Oracle senior vice president, Startup Ecosystem and Accelerator. “Oracle Scaleup Ecosystem is a new global program that allows us to reach more innovators and entrepreneurs, regardless of location, including later-stage scaleup companies who need access to Oracle Cloud solutions and resources without the hands-on offerings our residential program provides. We’re building an ecosystem that enables tangible business value, customer growth and revenue—for the startups, our customers and Oracle.”

Oracle’s global startup mission is to provide enriching, collaborative partnerships to enable next-generation growth and drive cloud-based innovation for startups throughout all stages of their journey. To that end, Oracle offers residential and non-residential startup programs that power cloud-based technology innovation and enable co-creation and co-innovation across the startups, customers, partners and Oracle.

Oracle Scaleup Ecosystem is the new non-residential, virtual-style program designed for startups and venture capital and private equity portfolio companies to enable hypergrowth and scale. Oracle’s Scaleup program is collaborating with leading PE and VC firms and will target high-growth entities across EMEA, JAPAC, and the Americas, as well as a select number of investment groups and strategic partners. The program offers mentoring, R&D support, marketing/sales enablement, migration assistance, cloud credits and discounts, and access to Oracle’s customer and product ecosystems.

"We are always exploring new opportunities and resources that can accelerate innovation and growth for our portfolio companies," said Steve Herrod, managing director at General Catalyst. "Oracle has a formidable cloud-based technology stack, product expertise and a thriving customer and partner base. Collaborating with the Oracle Scaleup program has the potential to benefit both our companies and the broader global technology ecosystem."

Industry veteran and Amazon Web Services (AWS) alum Jason Williamson has been tapped by Bradford to lead the Oracle Scaleup Ecosystem program. Williamson helped launch private equity ecosystem initiatives at AWS. Also an author, professor, entrepreneur and former Oracle employee, Williamson brings a wealth of knowledge and unique skillset to lead Oracle’s Scaleup program.

“Lightspeed works closely with global enterprise technology companies to provide resources and access to Lightspeed’s portfolio companies,” said Sunil Rao, Partner, Business Services, Lightspeed India Partners. “Oracle’s Scaleup program is aptly timed for the emerging ecosystem of enterprise software and SaaS vendors, and access to Oracle's cloud solutions, global customers, partner footprint and industry experts who work closely with startups is super useful.”

“Working with Oracle has helped us fast-track growth with business development and technology enhancements,” said Rich Joffe, CEO, Stella.ai, an AI-based recruiting marketplace platform. “Relationships with Oracle Taleo and now Oracle Scaleup will enhance our performance and capabilities as our business rapidly grows globally.”

Austin is the newest addition to Oracle’s residential startup program, Oracle Startup Cloud Accelerator, bringing the program to North America for a total of nine locations worldwide: Austin, Bangalore, Bristol, Mumbai, Delhi, Paris, Sao Paulo, Singapore and Tel Aviv. The program will select five to six startups per cohort, supporting two cohorts a year. Selected companies will be entitled to hands-on technical and business mentoring by Oracle and industry experts, state-of-the-art technology with free Oracle Cloud credits, full access to a dedicated co-working space, as well as access to Oracle’s vast global ecosystem of startup peers, customers, investors and partners. More program details will be announced in the coming month. Interested startups can sign up to receive more information at oracle.com/startup/TX.

Applications for Oracle Scaleup Ecosystem are accepted on a rolling basis at oracle.com/startup/scaleup.

Contact Info
Julia Allyn
Oracle Corporate Communications
+1.650.607.1338
julia.allyn@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe, and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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 preceding 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. 

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Julia Allyn

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Oracle IoT Cloud for Industry 4.0 Helps Organizations Make Dramatic Process Improvements for More Intelligent Supply Chains

Tue, 2018-02-13 10:30
Press Release
Oracle IoT Cloud for Industry 4.0 Helps Organizations Make Dramatic Process Improvements for More Intelligent Supply Chains New Augmented Reality, Machine Vision, Digital Twin and Automated Data Science capabilities enhance production, logistics, warehousing and maintenance

Oracle Modern Finance Experience, New York, NY—Feb 13, 2018

Empowering modern businesses to improve production intelligence and market responsiveness, Oracle today unveiled new Industry 4.0 capabilities for Oracle Internet of Things (IoT) Cloud. The advanced monitoring and analytics capabilities of the new offering enables organizations to improve efficiency, reduce costs, and identify new sources of revenue through advanced tracking of assets, workers, and vehicles; real-time issue detection; and predictive analytics.

According to The Economist Intelligence Unit, 63 percent of manufacturers have either undergone substantial digital transformation or are in the process of transforming parts of their organization, and 19 percent are developing transformation strategies. To remain competitive in the modern economy, businesses need to leverage new technologies and data to modernize their supply chains and improve visibility, predictive insights, and automation through connected workflows.

With new augmented reality, machine vision, digital twin and data science capabilities, Oracle IoT Cloud enables organizations to gain rich insight into the performance of assets, machines, workers, and vehicles so they can optimize their supply chain, manufacturing, and logistics, reduce time to market for new products; and enable new business models. 

“IoT is the great enabler of Industry 4.0’s potential, providing real-time visibility and responsiveness at every step of the production process – from raw materials to customer fulfillment,” said Bhagat Nainani, group vice president, IoT Applications at Oracle.

“Oracle empowers organizations to create smart factories and modern supply chains with seamless interaction models between business applications and physical equipment. By receiving real-time data streams enhanced with predictive insights, our IoT applications provide intelligent business processes that deliver quick ROI.”

Today’s expansion follows the recent announcement of artificial Intelligence, digital thread and digital twin for supply chain, as well as industry-specific solutions for Oracle IoT Cloud. Oracle IoT Cloud is offered both as Software-as-a-Service (SaaS) applications, as well as Platform-as-a-Service (PaaS) offerings, enabling a high degree of adaptability for even the most demanding implementations.

“We plan to leverage Oracle IoT Cloud and its machine learning capabilities to automatically analyze information gathered from the robot and process-monitoring systems. These analytics could help Noble identify ways to reduce cycle time, improve the manufacturing process, enhance product quality, and cut downtime,” said Scott Rogers, technical director at Noble Plastics.

Oracle plans to add the new capabilities across the entire range of IoT Cloud Applications – Asset Monitoring, Production Monitoring, Fleet Monitoring, Connected Worker, and Service Monitoring for Connected Assets:

  • Digital Twin: Enables remote users to monitor the health of assets and prevent failures before they occur, as well as running simulations of “what-if” scenarios in the context of the business processes. With Digital Twin, organizations have a new operational paradigm to interact with the physical world, allowing lower operational and capital expenditures, minimizing downtime, and optimizing asset performance.
  • Augmented Reality: Gives operators and plant managers the ability to view operational metrics and related equipment information in the context of the physical asset for faster troubleshooting and assisted maintenance. In addition, the use of AR in training technicians reduces errors and on-boarding time, and improves user productivity.
  • Machine Vision: Provides detailed non-intrusive visual inspections, which can detect defects invisible to the naked eye, at high speed and scale. Following the rapid inspection, Machine Vision sets in motion appropriate corrective actions when anomalies and errors are spotted.
  • Auto Data Science: Automated business-specific data science and artificial intelligence algorithms continuously analyze asset utilization, production yield and quantity, inventory, fleet performance, as well as worker safety concerns, to predict issues before they arise. Auto Data Science features enable users to see performance metrics of each step in the modern supply chain with the ability to drill down into specific issues at each location without employing an army of data scientists.
 

Oracle IoT Cloud enables companies to monitor capital intensive assets to reduce downtime and servicing costs, and track utilization for accurate lifecycle insights and asset depreciation data, which improves enterprise procurement efficiency. The rich pool of data created by sensors within products enables organizations to offer their products as a service, gain insight into how customers are using their products, and offer improved value-added services that drive new sources of revenue.

Contact Info
Vanessa Johnson
Oracle PR
+1.650.607.1692
vanessa.n.johnson@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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 preceding 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.

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Vanessa Johnson

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Oracle Powers the Next Generation of Finance with New Artificial Intelligence Applications

Tue, 2018-02-13 10:15
Press Release
Oracle Powers the Next Generation of Finance with New Artificial Intelligence Applications Intelligent applications drive smarter finance decisions, increase efficiencies, and improve collaboration for higher revenues and reduced costs

Modern Finance Experience 2018, New York, NY—Feb 13, 2018

To empower the office of the CFO with data-driven insights they need to adapt to change, capitalize on new market opportunities, and increase profitability, Oracle today announced new artificial intelligence-based applications for finance. By applying advanced data science and machine learning to data from the Oracle Data Cloud and from partners, the new Oracle Adaptive Intelligent Applications for Enterprise Resource Planning (ERP) help automate transactional work and streamline business processes.

Oracle Adaptive Intelligent Applications for ERP are designed to enhance existing applications, including financials, procurement, enterprise performance management, order management, and manufacturing within the ERP Cloud suite.

CFOs and modern finance professionals are under pressure to increase the agility and effectiveness of their organizations. As such, they need to constantly monitor and assess what is working and what is not and redeploy resources for maximum returns.

“To increase their agility, organizations need to leverage the right tools to help improve process efficiency and uncover insights that can guide a business forward,” said Rondy Ng, senior vice president, Oracle Applications Development. “Oracle helps finance leaders drive business transformation with ready-to-go applications that combine advanced machine learning with the industry’s most comprehensive suite of cloud applications to deliver immediate value and results.”

With Oracle Adaptive Intelligent Applications for ERP, finance leaders can benefit from:

  • Better insight: Applying analytics and artificial intelligence to finance can improve performance and increases agility across payables, receivables, procurement, and fiscal period close processes. Intelligent applications are also able to provide suggested actions to help mitigate vendor risk and fraud activity by detecting exceptions in vendor selection criteria.
  • Greater efficiency: Robotic process automation and artificial intelligence capabilities enable touchless transaction processing, minimizing the chance of human error.
  • Smarter business outcomes: Oracle delivers immediate impact by infusing machine learning across the entire suite of business applications; this is done by leveraging data from the Oracle Data Cloud and from partners to derive insights across multiple channels and platforms, including finance, HR, and project management to support strategic business decision-making.
  • Increased influence: The rich insights available to finance leaders via artificial intelligence empower CFOs to anticipate what comes next for the business and to make wise decisions, increasing the influence of the CFO and finance team in the organization.

For example, using Oracle Adaptive Intelligent Applications for ERP can help a finance team at a large national retail brand collect first-party data on their suppliers, such as supplier purchase history, percentage of revenue, discounts taken with third-party data on supplier revenue, credit score, and other company attributes. The finance organization can then decide which suppliers to double down on and which to cease doing business with for maximum cost savings, while maintaining quality standards. The ability to quickly fine tune the business based on data-driven insights will increase the finance function’s value in the organization and CEOs will increasingly rely on the CFO and finance team for strategic recommendations to improve business performance.

By applying advanced data science and machine learning to Oracle’s web-scale data and an organization’s own data, the new Adaptive Intelligent Apps can react, learn, and adapt in real time based on historical and dynamic data, while continuously delivering better business insights.

According to the Gartner report, “Impacts of Artificial Intelligence on Financial Management Applications,” written by Nigel Rayner and Christopher Iervolino, “The transformational potential of AI in financial management applications will come in the next two to three years as more AI technologies are embedded directly into financial management processes to automate complex, non-routine activities with little or no human intervention. Also, using AI to improve the accuracy and effectiveness of financial forecasting and planning will transform these processes.”1

The Oracle Adaptive Intelligent Apps are built into the existing Oracle Cloud Applications to deliver the industry’s most powerful AI-based modern business applications across finance, human resources, supply chain and manufacturing, commerce, customer service, marketing, and sales. The apps are powered by insights from the Oracle Data Cloud, which is the largest third-party data marketplace in the world with a collection of more than 5 billion global consumer and business IDs and more than 7.5 trillion data points collected monthly.

1 Gartner Report: “Impacts of Artificial Intelligence on Financial Management Applications,” Analysts Nigel Rayner, Christopher Iervolino, Published November 7, 2017.

Contact Info
Evelyn Tam
Oracle PR
1.650.506.5936
evelyn.tam@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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 Disclaimer

The preceding 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.

Statements in this article relating to Oracle’s future plans, expectations, beliefs, and intentions are “forward-looking statements” and are subject to material risks and uncertainties. Such statements are based on Oracle’s current expectations and assumptions, some of which are beyond Oracle’s control. All information in this article is current as of October 2, 2017 and Oracle undertakes no duty to update any statement in light of new information or future events.

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Evelyn Tam

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Oracle Transforms Enterprise Data Management

Tue, 2018-02-13 10:00
Press Release
Oracle Transforms Enterprise Data Management New Oracle Enterprise Data Management Cloud extends industry leading enterprise performance management suite

Oracle Modern Finance Experience, New York, NY—Feb 13, 2018

To meet growing demand from customers engaged in transformation efforts and to improve business agility, Oracle today announced Oracle Enterprise Data Management Cloud. Part of Oracle Enterprise Performance Management (EPM) Cloud, the new offering provides a single platform for easy management of critical enterprise data assets (such as the Chart of Accounts), and improved data integrity and alignment.

Today’s rapidly changing business environment presents multiple data alignment challenges. Cloud adoption, mergers and acquisitions, reorganizations and restructuring can create data inconsistencies that require finance teams to reconcile disparate data sets and associated metadata. Changes to application metadata, dimensions, hierarchies, mappings and related attributes are often handled manually through spreadsheets, email, and in-person meetings.

To help finance leaders eliminate manual errors and inconsistencies, create a single view of all enterprise data, and realize their vision for front and back-office business transformation, Oracle Enterprise Data Management Cloud provides centralized, self-service enterprise data maintenance, and data sharing and rationalization.

“As organizations grow and evolve, business and finance leaders face an increasingly complex range of challenges in managing and governing their enterprise data assets that cannot be successfully addressed through traditional approaches,” said Hari Sankar, group vice president, EPM product management at Oracle. “With Oracle Enterprise Data Management Cloud, we are providing a modern platform that streamlines business transformation efforts and enables organizations to maintain data integrity, accuracy and consistency across all their applications – in the cloud and on-premises.”

Key benefits that Oracle Enterprise Data Management Cloud can provide include:

  • Faster cloud adoption: Migrate and map enterprise data elements and on-going changes across public, private and hybrid cloud environments from Oracle or third parties.
  • Enhanced business agility: Drive faster business transformation through modeling M&A scenarios, reorganizations and restructuring, chart of accounts standardization and redesign.
  • Better alignment of enterprise applications: Manage on-going changes across front-office, back-office and performance management applications through self-service enterprise data maintenance, sharing and rationalization.
  • System of reference for all your enterprise data: Support enterprise data across business domains including: master data, reference data, dimensions, hierarchies, business taxonomies, associated relationships, mappings and attributes across diverse business contexts.

The addition of Oracle Enterprise Data Management Cloud rounds out Oracle’s industry-leading EPM Cloud suite, which has been adopted by thousands of organizations around the world. The new offering has already garnered significant attention with customers such as SunTrust Bank, Baha Mar, Diversey, and others selecting the service to support their business transformation efforts.

Additional Information

For additional information on Oracle EPM Cloud, visit Oracle Enterprise Performance Management (EPM) Cloud’s Facebook and Twitter or the Modern Finance Leader blog.

Contact Info
Evelyn Tam
Oracle PR
1.650.506.5936
evelyn.tam@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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 preceding 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.

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Evelyn Tam

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