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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. 

Talk to a Press Contact

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.

Talk to a Press Contact

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.

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

  • +1 415.216.3067

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.

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

  • +1.202.904.1138

Raleigh Miller

  • +1.202.530.4554

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

  • +1.202.904.1138

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.

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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Simon Jones

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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

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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.

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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

  • +1.650.607.1338

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.

Talk to a Press Contact

Vanessa Johnson

  • +1.650.607.1692

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

  • 1.650.506.5936

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.

Talk to a Press Contact

Evelyn Tam

  • 1.650.506.5936

Four New Partners Join NetSuite Partner Program to Drive Growth, Customer Success

Tue, 2018-02-13 08:45
Press Release
Four New Partners Join NetSuite Partner Program to Drive Growth, Customer Success ERA Consulting Group, Smartbridge, Softengine and Vibrant to Build Cloud ERP Practices with NetSuite

SUITECONNECT—NEW YORK, N.Y.—Feb 13, 2018

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERPHRProfessional Services Automation (PSA) and omnichannel commerce software suites, today announced that four new partners have joined the NetSuite Solution Provider Program. ERA Consulting Group, Smartbridge, Softengine and Vibrant Inc. have teamed with NetSuite to launch new cloud ERP practices to help clients accelerate growth while improving efficiency and insights into business operations. The new partner relationships come amid continued strong demand for cloud-based business management as organizations unshackle themselves from outdated legacy applications and costly in-house infrastructure to improve performance and profitability with the greater business agility of cloud systems. With consulting, implementation and optimization services spanning a range of industries, the new partners are positioned to rapidly expand their client base while enjoying the high margins and recurring revenue available through the NetSuite Solution Provider Program.

“Our four new partners deliver deep industry-specific expertise and a proven track record of excellence in helping their clients meet and exceed business objectives,” said Craig West, Oracle NetSuite Vice President of Alliances and Channels. “We’re delighted to welcome them aboard and look forward to long and prosperous relationships that help customers grow, realizing the transformative advantages that NetSuite offers.”

ERA Consulting Group Targets Growing Cloud Opportunities in Canada

ERA Consulting Group (www.groupe-era.com), an IT services firm based in Montreal, Quebec, is launching its NetSuite practice to address rising demand for cloud-based business management solutions among Canadian organizations. ERA Consulting, created in 2004, is expanding its long-term relationship with Oracle around the JD Edwards ERP system by adding NetSuite to its technology portfolio. The firm, with 100 clients, is focused on the manufacturing, distribution and services industries, making NetSuite an ideal fit for ERA’s target of small to midsized customers. ERA employs 40 ERP specialists with subject matter expertise in areas ranging from finance to HR, inventory, planning, manufacturing and logistics. With NetSuite’s offerings for unified commerce, ERA Consulting also sees opportunities in the retail industry as it looks to build on its continued growth.

“As a cloud solution, we’re able to implement NetSuite faster so that clients can focus on optimizing and growing their business,” said Benoit Gagnon, ERA Consulting CEO. “Canada has been traditionally a bit behind the U.S. in cloud adoption, but we have seen a shift as more organizations are rapidly embracing cloud solutions, and it will only go up from here.”

Smartbridge Expands on Oracle JD Edwards Expertise by Adding NetSuite

Smartbridge (www.smartbridge.com), a Houston-based services firm that simplifies business transformation, is introducing cloud ERP into its broad portfolio through its NetSuite partner relationship. The 15-year-old company views NetSuite as aligning with its focus areas of ERP and supply chain, as well as systems integration, business intelligence, advanced analytics, enterprise mobility and digital transformation. In addition, NetSuite fits well with Smartbridge’s key industries of manufacturing, distribution, food service, oil and gas, and facility services. An Oracle JD Edwards partner, Smartbridge is expanding its Oracle relationship by offering NetSuite cloud ERP along with ongoing support and enhancements for JD Edwards. With NetSuite, Smartbridge will provide food service operators and Houston-based SMBs with the agile and flexible solutions they need to grow and innovate. Smartbridge’s core customer base, including some of the largest global restaurant chains and Fortune 500 facility services businesses, are also seeking the simplification of cloud ERP solutions for acquisitions, divestitures and managing franchises.

“Our intention is to provide cloud-based enterprise solutions to help our customers succeed by growing our ERP practice around NetSuite with BI, integration and enterprise mobility as natural extensions,” said Sanat Nileshwar, Director, Enterprise Systems at Smartbridge. “NetSuite’s single database and real-time information has generated a lot of interest in the market for modern, innovative companies that want to get out of managing infrastructure and application hairballs.”

For more information about Smartbridge’s NetSuite practice, visit http://www.Smartbridge.com/NetSuite.

Softengine Broadens Solutions Portfolio with NetSuite Cloud ERP

Softengine (www.softengine.com), an ERP and business process solutions provider based in Woodland Hills, Calif. has joined the NetSuite Solution Provider Program to broaden its portfolio and meet growing customer demand for cloud-based business management. Founded in 1996, Softengine is a longtime SAP Gold level partner. The company has expertise in a range of industries including wholesale distribution, manufacturing, food production, retail, apparel and nonprofits. Softengine will align that industry expertise with the NetSuite SuiteSuccess methodology and its tailored vertical offerings to deliver impactful industry-specific solutions. With many fast-growing businesses among its hundreds of clients, Softengine views NetSuite as a good fit to help companies accelerate growth while improving business efficiency and visibility. The firm will focus on NetSuite cloud ERP, and offer implementation and optimization services in areas including CRM and ecommerce.

“We’re continually looking at growing our business and we felt we could make even more progress by creating a NetSuite practice. We want to offer the best platforms as we see them on the market, and NetSuite is one of them,” said Gil Lasman, General Manager at Softengine.

Vibrant, Inc. Aims New NetSuite Practice at Fast-Growing Companies

Vibrant, Inc. (www.vibrantinc.com), a full-service IT provider based in Princeton, N.J., is focusing its new NetSuite practice on growing companies that need the scalability, agility and on-demand data access that cloud business management solutions deliver. Founded in 2000, Vibrant has extensive experience implementing such enterprise solutions as Oracle PeopleSoft, Oracle JD Edwards, Oracle eBusiness Suite and Microsoft Dynamics. The company, with operations across the U.S. and in India, chose to join the NetSuite Partner Program after evaluating other solutions including Workday and SAP Business ByDesign. Key targets for Vibrant’s NetSuite practice include fast-growing companies, and organizations in the life sciences, retail and manufacturing industries. Seeing strong market recognition of NetSuite’s leadership in cloud business management, Vibrant’s services will cover financials / ERP as well as ecommerce, CRM, and HR to deliver a complete end-to-end cloud environment.

“Looking at our target segment of growing companies, NetSuite is a perfect fit as a cloud solution with low up-front investment that grows as the business grows,” said Pannala Suresh, Vibrant founder. “NetSuite’s multi-functional scope and tight integration means a company could start with financials and scale into supply chain, sales, marketing and HR as they grow.”

Launched in 2002, the NetSuite Solution Provider Program is the industry’s leading cloud channel partner program. Since its inception, NetSuite has been a leader in partner success, breaking new ground in building and executing on the leading model to make the channel successful with NetSuite. A top choice for partners who are building new cloud ERP practices or for those expanding their existing practice to meet the demand for cloud ERP, NetSuite has enabled partners to transform their business model to fully capitalize on the revenue growth opportunity of the cloud. The NetSuite Solution Provider Program delivers unprecedented benefits that include highly attractive margins and range from business planning, sales, marketing and professional services enablement, to training and education. For more information about the NetSuite Solution Provider Program, visit www.netsuite.com/partners.

Contact Info
Michael Robinson
Oracle NetSuite
781-974-9401
michael.s.robinson@oracle.com
About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blogFacebook page and @NetSuite Twitter handle for real-time updates.

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

Michael Robinson

  • 781-974-9401

Brightpoint Health remains committed to New York’s neediest after more than 25 years

Tue, 2018-02-13 08:30
Press Release
Brightpoint Health remains committed to New York’s neediest after more than 25 years Nonprofit leverages NetSuite software donation, pro bono volunteers to grow, further its mission

SUITECONNECT—NEW YORK, N.Y.—Feb 13, 2018

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that Brightpoint Health, a New York-based nonprofit is using NetSuite OneWorld to expand and further its mission to bring compassionate health care and services to New York’s underserved, coordinating behavioral health, primary care and social services.

Founded in 1990 during the AIDS epidemic, Brightpoint Health began as a 66-bed residential facility in the Bronx, serving people living with AIDS who were also struggling with substance abuse. The organization was able to provide comfort and support to thousands of patients, many of whom had been rejected by their families and communities. As AIDS became a treatable condition, Brightpoint expanded its program to provide medical and dental care, behavioral health care, substance abuse treatment and referrals, even as it continues to offer Adult Day Health Care services for its HIV-positive clients. Today, Brightpoint serves more than 30,000 New Yorkers annually across all five boroughs. Among the clients it serves, over 80 percent are recipients of Medicaid and about 70 percent are homeless. For many clients, in addition to instability due to poverty and inadequate housing, their health challenges often include multiple chronic medical and behavioral problems. As a Federally-Qualified Health Center, no one is turned away, regardless of whether or not they have insurance.

“We’re serving the population that needs us the most and putting the patient at the center,” said Dr. Barbara Zeller, chief clinical officer, Brightpoint Health.

To achieve that goal, Brightpoint strives to maintain continuous engagement with clients so they can develop the tools to care for themselves, manage their medical and behavioral challenges, and transform their health and their lives for the better.

“Just to be able to come here and see the doctor, it lightens my load a lot,” said Ebony Towns, a Brightpoint patient. “It helps to know that people actually care still. They care.”

In 2013, Brightpoint began a concentrated expansion effort, opening 11 new sites in a five-year period. As part of that expansion, it invested significantly in its Quality Management Department, seeking to become a data-driven organization with an electronic health record for primary care, behavioral health and dental services. That year, Brightpoint served 4,735 patients, including 2,510 new patients, for a total of 23,357 visits.

Amidst that expansion, Brightpoint quickly determined that its existing DOS-based financial system could no longer meet its needs. After surveying other health care practices and evaluating Microsoft Dynamics GP, Brightpoint selected NetSuite OneWorld for its breadth of functionality, reporting, real-time view of operations and multi-subsidiary management to help manage the organization’s four subsidiaries. Month-end close, which once took 90 days, can now be done in 15 days. The comprehensive view of the organization also allows management to make informed decisions, whether that’s merging an outside physician’s practice into the organization or devoting additional resources to specific locations. In the first two years after implementing NetSuite OneWorld, revenue went up 33 percent and visits went up 77 percent, while the organization continued to open new locations. Now with 13 health centers and multiple service locations, Brightpoint served close to 34,000 patients in 2017 with 188,790 visits.

As a nonprofit, Brightpoint qualified for a donation from Oracle NetSuite Social Impact, which makes available free and discounted software to qualified nonprofits and social enterprises. It has also taken advantage of Suite Pro Bono, where NetSuite employees provided their time and expertise to help Brightpoint Health with NetSuite training and customizations. Brightpoint was also the nonprofit that received technical expertise from NetSuite customers, partners and employees during the Hackathon 4Good at SuiteWorld17. That’s allowed Brightpoint to funnel more of its resources toward helping those in need.

“We’re very mission focused,” said Zeller. “NetSuite gives us the support and visibility into operations to continue to serve the neediest New Yorkers.”

Contact Info
Michael Robinson
Oracle NetSuite
781-974-9401
michael.s.robinson@oracle.com
About Oracle NetSuite Social Impact

Founded in 2006, Oracle NetSuite Social Impact is empowering nonprofits to use NetSuite to further their mission, regardless of their ability to pay. More than 1,000 nonprofits and social enterprises around the world are supported by NetSuite Social Impact, which provides software donations to qualified organizations. The program also includes Suite Pro Bono, under which NetSuite employees provide their expertise to help nonprofits with training and customizations to make the most of the platform. To learn more about NetSuite Social Impact, please visit www.netsuite.com/socialimpact and follow on Twitter at @NS_SocialImpact.

About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries.

For more information, please visit http://www.netsuite.com.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

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

Michael Robinson

  • 781-974-9401

Food and Beverage Manufacturers Primed for Growth, Positioned for Success with NetSuite

Tue, 2018-02-13 08:15
Press Release
Food and Beverage Manufacturers Primed for Growth, Positioned for Success with NetSuite Innovative Manufacturers Aspire Group, Dyla and The PUR Company Ready Themselves for Growth with NetSuite’s Industry Cloud Solution

SUITECONNECT—NEW YORK, N.Y.—Feb 13, 2018

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that three food and beverage manufacturers have implemented the NetSuite SuiteSuccess Manufacturing edition, enabling their businesses to grow, scale and adapt to change at the pace of modern business. Aspire Food Group, which raises crickets for a wide variety of uses including high protein snacks and food additives, Dyla, maker of Forto all natural ready-to-drink coffee shots and Stur water flavor enhancers, and PUR, a fast-growing manufacturer of aspartame-free gum, were all able to take advantage of NetSuite’s decades of experience with thousands of manufacturers to get their businesses up and running quickly with a leading cloud ERP system.

Food and beverage manufacturers like Aspire, Dyla and PUR confront a wide array of challenges that can hinder growth and customer satisfaction. Consumers increasingly demand more choice and information around the ingredients they’re consuming from GMO-free, to locally sourced and other health-based requirements. Meanwhile, governments are imposing stricter regulations and manufacturers still confront increased global competition and complex supply chains. As they seek to address these challenges, food and beverage manufacturers are concerned about the time and capital required to fix their back-end systems. However, they realize that the ability to rapidly adapt and scale is critical to their success. Companies looking to overcome these challenges to grow and diversify can be held back by entry-level systems that do not have the functionality to manage business at scale, or older, on-premise systems built before the internet that cannot take full advantage of the cloud. NetSuite SuiteSuccess for Manufacturing delivers a unique set of processes, activities and systems specifically designed to deliver rapid value. It provides customers with a strong foundation to transform their business with a pre-configured solution and methodology.

Aspire Food Group Grows from Idea to Prize to Enterprise

In 2013, five MBA students from McGill University came up with an idea to help solve the problem of food insecurity, which ultimately won the Hult Prize Competition, besting 10,000 other teams from around the world. That prize-winning idea gave birth to Aspire Food Group (www.aspirefg.com), a social enterprise specializing in farming insects for human consumption. Crickets and palm weevils, the two insect species Aspire is currently raising and researching, provide an excellent source of protein without the resource-intensive demands of other proteins like beef or chicken. With a palm weevil facility in Ghana and a cricket-raising facility in Austin, Texas, Aspire is focused not only on raising awareness around the possibilities of insect-based protein, but developing a way to farm insects year-round in an efficient and scalable manner. The company currently provides cricket-based additives for protein powders, flavored and roasted whole crickets, which are currently being sold at sports stadiums, as well as a handful of restaurants and other food service customers. As demand for its products emerged quicker than the company anticipated, it soon discovered that its existing financial management system based on QuickBooks and Excel spreadsheets would not keep up with its growth. It selected NetSuite after an extensive selection process and in just four months went live using SuiteSuccess for Manufacturing to run financials, CRM and inventory management. As a result, the company is now efficiently processing payments with the click of a button, tracking customers and invoices and it has substantially improved its budgeting process. Reports that used to take six hours to create are now done in under an hour. Aspire has plans to implement additional manufacturing functionality to better track the costs associated with the manufacturing process and livestock processes in a second phase.

“A year from now, I know the volume of orders is only going to increase and our capacity to track the business is going to be critical,” said Abir Syed, Aspire’s Director of Finance. “I wanted to get ahead of it and NetSuite and SuiteSuccess ensured we have a scalable, modern system in place quickly to continue our growth without interruption.”

Specialty Drink Manufacturer Manages Rapid Growth with NetSuite

Dyla LLC saw rapid growth after its Forto ready-to-drink coffee shots and Stur water flavor enhancers struck a chord with a market thirsty for more natural alternatives to energy-boosting and healthy drinks. The West New York, NJ-based company saw growth of 500 percent year-over-year in 2017, becoming one of the fastest growing businesses in New Jersey. As Forto expanded across airports and convenience stores, and Stur attracted major retailers, running two separate businesses on QuickBooks wasn’t sustainable. Dyla’s operations team spent half its time in spreadsheets synchronizing inventory, order and customer information, even manually entering EDI transactions. After a comprehensive evaluation process, Dyla selected NetSuite over SAP and Microsoft Dynamics, swayed by its ease of use, customization and cloud architecture that would allow real-time information sharing by its employees located throughout the U.S. With SuiteSuccess, Dyla went live on NetSuite in May 2017 in just 90 days to manage contract manufacturers, a distribution hub and 117 SKUs across the two brands and tens of thousands of locations. Just a month after go-live, Dyla had processed a record number of orders processed in the same period the year before. With NetSuite, Dyla has streamlined its month-end close from five days to three hours and automated communication with 3PL providers.

“We have grown 500 percent year-over-year because we were able to put our resources into selling the product, not the backend,” said Justin Lawrence, Head of Supply Chain/Operations and Finance, Dyla LLC.

Aspartame-free Gum Maker Sweetens its Business Growth

Founded in 2010 with a business plan based on direct contact with retail locations, The PUR Company saw its business explode as demand for its aspartame-free gum grew. The company expanded rapidly, from 33 retail partner locations in its first month to 500 only a few months later. But, as it grew beyond Canada to the US, UK, Australia and Germany, PUR knew it would need a modern system to manage that growth and adapt to future business demands. When new leadership was hired to advance the company to its next stage of growth, they quickly determined that the company needed to replace its existing QuickBooks and Excel-based processes. After evaluating SAP, The PUR Company selected NetSuite and implemented it in just 100 days with SuiteSuccess. The PUR Company now has complete traceability across products in its Toronto warehouse while the unified ERP and CRM gives better insights into customer service and sales strategy. Meanwhile, OneWorld lets PUR transact in Canadian and US dollars and Swiss franc. NetSuite can continue to scale as the company grows while NetSuite’s unified platform combines financial, inventory and customer data – vital for a company heavily focused on customer loyalty.

“NetSuite is helping us transition our dreams into realities by building a better organization that is more structured and organized and advanced, bringing science to our art,” said Jay Klein, Founder and CEO of The PUR Company.

SuiteSuccess is the culmination of a multi-year transformation effort to combine the NetSuite unified suite, 20 years of industry leading practices, a new customer engagement model, and business optimization methods into a unified, industry cloud solution. SuiteSuccess was engineered to solve unique industry challenges that historically have limited a company’s ability to grow, scale and adapt to change. Most ERP vendors have tried to solve the industry solution problem with templates, rapid implementation methodologies, and custom code. NetSuite took a holistic approach to the problem and productized domain knowledge, leading practices, KPIs, and an agile approach to product adoption. The benefits of this are faster time to value, increased business efficiency, flexibility, and greater customer success.

The key components of SuiteSuccess for Manufacturing include:

  • Tailored roles with built-in workflows specific to wholesale distribution such as supply chain manager, warehouse operations and production manager.

  • Industry leading best practices built into the system spanning inventory utilization and visibility, order orchestration and more.

  • More than 150 Pre-built KPIs and reports, giving manufacturers real-time insight into the business from Day 1.

For more information on SuiteSuccess for Manufacturers, visit: http://www.netsuite.com/portal/services/suitesuccess/manufacturing.shtml

Contact Info
Michael Robinson
Oracle NetSuite
781-974-9401
michael.s.robinson@oracle.com
About Oracle NetSuite

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Steiner Sports Scores Big Victories in Crowded Sports Marketing

Tue, 2018-02-13 08:00
Press Release
Steiner Sports Scores Big Victories in Crowded Sports Marketing Adding Collectibles Business to Unique Sports Experiences Drives Growth for Leader in the Field

NEW YORK, N.Y.—Feb 13, 2018

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that Steiner Sports, a company specializing in sports memorabilia and sports marketing, has implemented NetSuite to help drive business growth. Steiner Sports is using NetSuite for financials, inventory management, order managements, ecommerce and point of sale (PoS).

Equipped with only $4,000, a Macintosh II computer and one intern, Brandon Steiner founded Steiner Sports in 1987. The business has since grown to become the largest company of its kind, even as demand for sports-related marketing has exploded. It is now a part of the Omnicom Group.  Brandon Steiner’s love of sports, particularly the New York teams, and the persistence and patience to wait outside of stadiums, arenas and parking lots for the chance to approach star athletes, eventually turned into a successful business. The core of Steiner Sports’ value proposition allows companies to leverage its expertise, existing relationships, and $25 million annual athlete procurement spend to create marketing efficiencies, and maximize limited marketing budgets. Sports memorabilia and collectibles went on to become a significant part of the Steiner Sports business as clients began to ask for autographed items.

Steiner Sports now works with more than 2,000 athletes and counts more than 100,000 SKUs of collectible inventory worth more than $20 million. Steiner Sports notably purchased the old Yankee Stadium when it was demolished in 2008 selling items off in pieces, everything from the actual seats to bathroom fixtures to the dirt on the old ballfield.

“We have sold millions of dollars’ worth of dirt from the old Yankee Stadium,” said Kelvin Joseph, Steiner Sports COO and CMO.

Similar to how the meet and greet promotions that Steiner once created sparked demand for memorabilia, current clients are often seeking an experience with athletes, such as a selfie or having them speak at an event. Its long history in the market and focus on personal relationships and helping clients to grow through sports is what helps Steiner Sports stand out in a crowded marketplace, according to Joseph.

As the company grew and expanded beyond professional services and into a B2C business with its collectibles, the previous Microsoft Dynamics AX system it was using no longer met its needs. Steiner Sports had heavily customized the system to help it manage diverse customers that ranged from the Fortune 500 to small businesses to consumers buying collectibles. Steiner Sports selected NetSuite for its cloud-based architecture and regular, painless updates. In addition, NetSuite’s unified platform, real-time visibility and focus on customer success were key differentiators.

“NetSuite’s business model of really caring about its customers and helping them to grow was attractive,” Joseph said. “It’s in NetSuite’s best interest for their customers to grow and to grow with them. That’s what makes it authentic.”

Contact Info
Michael Robinson
Oracle NetSuite Corporate Communications
781-974-9401
Michael.s.robinson@oracle.com
About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

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.

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