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Health and Beauty Companies Get Business Makeover with NetSuite

Wed, 2017-09-27 08:00
Press Release
Health and Beauty Companies Get Business Makeover with NetSuite C.O. Bigelow and Ovation Hair are among the fast-growing manufacturers groomed for success in the cloud

San Mateo, Calif.—Sep 27, 2017

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 more and more health and beauty manufacturers and retailers are turning to the cloud to fuel growth and achieve customer-centric business agility. Innovative companies such as C.O. Bigelow, the oldest apothecary in the U.S., and Ovation Hair, a provider of high-end hair care products in southern California, are among the many health and beauty providers to graduate from disparate applications and labor-intensive manual data work to gain an edge in a highly competitive market.

Health and beauty is rapidly growing amid strong consumer demand for distinctive skin care, hair care, lip care, oral care and related products, as well as cosmetics, fragrances, deodorants, soaps, shower gels and more. Global sales of health and beauty products are expected to soar 73 percent from 2016 to 2024, from $432 billion to $750 billion, according to Inkwood Research, a Boston-based research firm.[1] This growth comes amid industry disruption as emerging and midmarket players develop, manufacture and market products with strong branding appeal as well as organic and eco-friendly attributes.

“Health and beauty companies are laser-focused on product innovation, brand-building and customer intimacy,” said Branden Jenkins, GM of Global Retail, Oracle NetSuite “They’re channeling the time and cost savings they realize with NetSuite into building the business, rather than wasting resources on manual work and outdated on-premise systems.”

Family-Run Business Stands the Test of Time and Adapts to Market Changes

C.O. Bigelow (www.bigelowchemists.com), the oldest apothecary in the U.S., has grown from its founding in 1838 in New York City to be a global omnichannel retailer of an eclectic, carefully curated array of more than 30,000 products. With an iconic brick-and-mortar store and traditional pharmacy occupying the same Greenwich Village space since 1902, the family-run business also operates an ecommerce website and sells to global hotels and airlines that offer Bigelow goods to customers across the globe. Its wholesale channel has grown 20 to 30 percent annually in recent years across more than 1,000 partner stores such as Sephora, Barney’s and Nordstrom. The owner, Ian Ginsberg, doesn’t view his company as disruptive. “We’re the ones who survived the disruption,” he says. “We’re a traditional business surviving in the modern world.” That takes a special kind of business agility, supported by Bigelow’s use of NetSuite. The manufacturer and retailer relies on NetSuite for core functions of financials, reporting, inventory and order management across all channels. Reporting on real-time data has been vital in delivering insights for Bigelow to strengthen its bottom line while gaining agility to compete with both upstart rivals and chain drug stores.

“We’re able to be faster and more nimble because of NetSuite,” said Ginsberg. “The real-time information available in NetSuite is just mind-blowing. Across all our functions, it just saves us so much time and money. We’re able to behave like a big guy in small guy clothes.”

Hair Care Leader Strengthens Hair, Business and Consumer Loyalty

Ovation Hair (www.ovationhair.com), based in Carlsbad, Calif., broke into the hair care market in 2007 with its flagship Cell Therapy product, helping customers grow thicker, stronger hair with a proprietary blend of proteins, vitamins, botanical extracts and amino acids. Since then, Ovation Hair has grown its lineup to more than 25 products, including shampoos and conditioners, all manufactured in southern California. Starting out by reaching consumers with radio ads after its founding in 2007, Ovation Hair today builds its brand and customer loyalty with email marketing and social media, while expanding its channels to include QVC TV spots, Amazon and distribution through 75 select salons in the U.S. Regular promotions, a loyalty program, subscription replenishment and refer-a-friend rewards have all been instrumental in driving double-digit revenue growth. Ovation Hair is better able to focus on innovation and marketing because NetSuite supplies a unified platform for the company to efficiently run financials, inventory, manufacturing and its ecommerce website. NetSuite serves as the repository for 500,000 contacts reached by email and social marketing, while NetSuite for manufacturing gives Ovation Hair important lot tracking capabilities for raw ingredients and shipped products.

“Having everything under one roof with NetSuite is very efficient and definitely an advantage in a competitive industry,” said Erika Sherwood, Ovation Hair Marketing Manager. “NetSuite has helped us improve our reaction time in updating the website and streamlining processes with our client database, marketing, product information, inventory levels and manufacturing.”

Key Technology Ingredients for Health and Beauty Companies to Grow and Thrive

New and more established health and beauty businesses such as C.O. Bigelow and Ovation Hair are turning to cloud business solutions as they compete with established multinationals such as Procter & Gamble, Unilever, L’Oreal, Estée Lauder and others. In many cases, product manufacturers are expanding into direct-to-consumer (D2C) sales, over websites and with partners such as Amazon and QVC. The features most important to leading health and beauty companies are focused on:

  • Customer centricity. Health and beauty product manufacturers and retailers need integrated processes and a 360-degree customer view to deliver a seamless omnichannel experience and personalized customer service.
  • Cloud-first scale and agility. Health and beauty companies need the ability to rapidly scale all operations, from entering new global markets to expanding channels, product offerings and subscription sales.
  • Integrated operational efficiency. End-to-end efficiency and visibility are essential for these companies to minimize operational costs and orchestrate processes to deliver an exceptional customer experience at every interaction.
  • Data-driven decision-making. Rather than relying on outdated, disparate data and guesswork, health and beauty companies running in the cloud can make informed decisions based on real-time information.

NetSuite provides an end-to-end view of business for health and beauty companies such as C.O. Bigelow and Ovation Hair across wholesale distribution and ecommerce channels, as well as company brick-and-mortar locations, to enable seamless, omnichannel experiences for customers. To learn more about NetSuite’s offering for health and beauty companies, please visit: http://www.netsuite.com/beauty

[1] Inkwood Resarch, “Global Beauty and Personal Care Products Market Forecast 2017-2024.”

Contact Info
Christine Allen
Oracle NetSuite
603-743-4534
PR@netsuite.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 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 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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Christine Allen

  • 603-743-4534

Carbon Scales Business Efficiencies with Oracle Cloud Applications

Wed, 2017-09-27 07:00
Press Release
Carbon Scales Business Efficiencies with Oracle Cloud Applications Oracle empowers Carbon to push the limits of what was previously “unmakeable”

Redwood Shores, Calif.—Sep 27, 2017

Carbon (Carbon, Inc.), the Silicon Valley-based additive manufacturing company, is leveraging Oracle Cloud Applications to support its hyper growth and international expansion. With Oracle Cloud Applications, Carbon has been able to take advantage of a complete and fully integrated suite of cloud applications to increase business agility and reduce IT complexity. In just six months, Oracle Cloud Applications have enabled Carbon to reduce its close cycle from 28 days to 7, and to improve processes in almost every function.

“The potential of our Digital Light Synthesis™ (DLS) technology is vast, but we knew we couldn’t successfully grow our business without a secure, scalable and connected suite of modern applications,” said Chris Hutton, director of business operations and international, at Carbon. “With Oracle, we have been able to future-proof our business operations and the results we have achieved in just six months have been really impressive.”

To support its rapid growth both domestically and globally, Carbon deployed Oracle Enterprise Resource Planning (ERP) Cloud, Oracle Human Capital Management (HCM) Cloud, Oracle Supply Chain Management (SCM) Cloud and Oracle Service Cloud. Oracle ERP Cloud has given Carbon a consolidated view of its global operations, utilizing standardized and streamlined business processes, and provided the financial platform needed to scale. Oracle HCM Cloud has helped Carbon find and retain the talent it needs to meet its growing business demands. Simultaneously, Oracle SCM Cloud has enabled Carbon to transform supply chain operations to gain greater insight into the distribution of parts and products. Finally, Oracle Service Cloud has enabled Carbon to streamline its customer service experience to quickly address urgent customer needs and optimize the customer experience.

“Carbon is one of the most innovative businesses in the world and its unique technology is helping deliver on the promise of 3D manufacturing,” said Steve Miranda, executive vice president, applications development at Oracle. “With Oracle Cloud Applications, Carbon has been able to streamline business processes across organizational development, manufacturing, finance, and services. As Carbon continues to partner with major brands and scale its business, we will be able to support its changing demands through the world’s largest and fastest-growing suite of cloud applications.”

Contact Info
Evelyn Tam
Oracle
+1.510.648.4756
evelyn.tam@oracle.com
About Carbon

Carbon, the Silicon Valley-based additive manufacturing company, was founded in 2013. Working at the intersection of hardware, software and molecular science, Carbon is delivering on the promise of additive manufacturing, allowing commercial partners to go beyond basic prototyping to start producing at scale. Carbon’s Digital Light Synthesis™ technology (DLS) was introduced simultaneously at TED 2015 and to the scientific community on the cover of Science Magazine (Science, March 2015). To date, Carbon has received $221 million in funding. Carbon’s investors include Autodesk, BMW, GE Ventures, GV, Nikon, Northgate Capital, Sequoia Capital and Silver Lake Partners. For more information, please visit Carbon3D.com or follow @Carbon on Twitter and Instagram.

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.

Talk to a Press Contact

Evelyn Tam

  • +1.510.648.4756

Oracle Empowers Marketers to Leverage World’s Fastest Growing Social Media Platform

Tue, 2017-09-26 06:55
Press Release
Oracle Empowers Marketers to Leverage World’s Fastest Growing Social Media Platform Oracle Marketing Cloud and WeChat integration enables marketers to generate global leads at scale, improve targeting and increase sales

Redwood Shores, Calif.—Sep 26, 2017

To enable marketers to quickly and efficiently target and engage customers on one of the world’s fastest growing social media platforms, Oracle today announced a new direct integration between Oracle Eloqua, part of the Oracle Marketing Cloud, and WeChat. The new app-based integration enables marketers to deliver connected and personalized experiences in China and other countries across the globe by seamlessly extending the powerful campaign design, delivery and monitoring capabilities within Oracle Eloqua to WeChat.

WeChat is a dominant social media platform in China with over 963 million users, used by brands and businesses alike to better engage with their customers. The new integration enables global organizations and regional businesses to directly engage WeChat users to build their brand presence in the Chinese market and connect with buyers at scale. Marketers can leverage the integration to add WeChat as a delivery channel during campaign design and send relevant, personalized messages to target audiences straight from the campaign canvas within Oracle Eloqua. In addition, marketers are able to measure the success of campaigns on WeChat by leveraging built-in reporting and analytics within Oracle Eloqua. Furthermore, Oracle is also planning to deepen the integration with WeChat, including enterprise-facing solutions such as WeChat@Work, which complements Oracle’s strength in the SaaS arena. This relationship is expected to deliver significant value and innovation to customers so as to empower their efforts to accelerate the modern business.

“Oracle Marketing Cloud has had tremendous success in helping the Enterprise improve their interaction with their customers and bringing that customer relationship to a whole new level,” said Mr. Lu Qingwei, assistant general manager, Guangzhou Research & Development Department, WeChat, Tencent. “With the introduction of WeChat@Work, which is a communications and collaboration platform for the enterprise, we look forward to an even closer working relationship with Oracle Marketing Cloud to deliver more personalized engagements and enhance the customer experience for our users through WeChat and WeChat@Work.”

The direct, native integration between Oracle Marketing Cloud and WeChat enables marketers to:

  • Engage Buyers at Scale: Enables global marketing teams to effectively engage buyers across the globe by sending messages to one or more WeChat official accounts, including subscription and service accounts.
  • Derive Greater Insight into Buyer Profiles: By leveraging APIs provided by WeChat, marketers can enrich existing buyer profiles and improve targeting, personalization and scoring within Oracle Eloqua.
  • Action WeChat Engagement Data: Marketers can leverage WeChat activity data to orchestrate buyer experiences as part of their cross-channel marketing campaigns within Oracle Eloqua.

“For global and regional businesses serving the Chinese market, WeChat is the key digital channel. This integration enables Oracle Eloqua customers to take full advantage of WeChat to build brand awareness and strengthen customer relationships,” said Steve Krause, group vice president, Product Management, Oracle Marketing Cloud.

Customers can visit the WeChat listing in the Oracle Cloud Marketplace to install the application and begin implementing WeChat in Oracle Marketing Cloud. For more information on the news, please visit the Oracle Marketing Cloud blog.

Oracle Marketing Cloud is part of Oracle CX Cloud Suite. Oracle CX Cloud Suite empowers organizations to take a smarter approach to customer experience management and business transformation initiatives. By providing a trusted business platform that connects data, experiences and outcomes, Oracle CX Cloud Suite helps customers reduce IT complexity, deliver innovative customer experiences and achieve predictable and tangible business results. The Oracle CX Cloud Suite includes Oracle Commerce Cloud, Oracle Marketing Cloud, Oracle Sales Cloud and Oracle Service Cloud.

Contact Info
Simon Jones
PR for Oracle
+1.415.856.5155
sjones@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.

About WeChat

Since 2011, WeChat has brought about a new way for people to communicate by integrating real-time communication, entertainment, social and everyday offline services into a single mobile application. For more information, please visit www.wechat.com/en.

About WeChat@Work

WeChat@Work is the communications and collaboration platform which aims to elevate the work efficiency for the Enterprise. For more information, please visit work.weixin.qq.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

  • +1.415.856.5155

KIK Custom Products Chooses Oracle HCM Cloud to Manage its Growing Global Workforce

Tue, 2017-09-26 06:30
Press Release
KIK Custom Products Chooses Oracle HCM Cloud to Manage its Growing Global Workforce Consumer packaged goods manufacturer implements Oracle HCM Cloud to modernize its HR organization and enhance employee experience

Redwood Shores, Calif. —Sep 26, 2017

Oracle announced today that KIK, one of North America’s largest independent manufacturer of consumer packaged goods, has adopted Oracle Human Capital Management (HCM) Cloud to better serve its growing employee base while updating outdated HR systems and technologies. With Oracle HCM Cloud, KIK has the insights and flexibility to streamline HR processes and gain a unified employee experience across 20 different locations in North America.
 
Doubling its workforce in just three years, KIK’s HR department quickly realized it could no longer keep up with the pace and demand of recruiting, hiring, and managing employees. Outdated systems coupled with manual processes slowed down mission-critical HR functions. Disjointed technologies from multiple vendors lacked the integrated insights necessary for today’s global business environment. Yet KIK wanted to maintain the flexibility and customization to quickly adjust to the needs of its employees and business goals. After evaluating several solutions, including Workday, KIK ultimately opted for Oracle HCM Cloud for its flexibility, functionality, and robust offering.
 
“As a manufacturing partner to the world’s largest retailers and brands such as Top Job®, Greased Lightning®, Prestone®, Clorox Pool Products and Bullfrog®, KIK prides itself on the quality we deliver to each of our customers. However, the HR and payroll system in place could no longer support the very employees that contributed to the company’s incredible success,” said Julie Sereney, vice president, HR Shared Services at KIK. “With Oracle HCM Cloud we will gain global insights to ensure the success of our employees while core HR responsibilities like payroll, talent management, and employee benefits are streamlined under one umbrella.”
 
KIK needed a solution to quickly bring its 15-year-old legacy system up-to-date. While multiple vendors offered complex payroll systems, the company was seeking a service that could centralize several areas of HR into a single, comprehensive system.
 
“Oracle HCM Cloud offers businesses the chance to learn more about its biggest investment – its employees, with a unified view into everything from employee productivity to payroll,” said Gretchen Alarcon, group vice president, HCM Product Strategy at Oracle. “Oracle HCM Cloud delivers a simple, holistic platform that offers the robust HR and payroll solutions that KIK needs as a growing global business.”
 
KIK plans to implement Oracle HCM Cloud in two phases; the first focused on payroll, core HR capabilities, and employee benefits, and the second focused on performance, talent management, and recruiting. 
Contact Info
Jennifer Yamamoto
Oracle
+1.916.761.9555
jennifer.yamamoto@oracle.com
About KIK

As one of North America’s largest independent manufacturers of consumer packaged goods (“CPG”), KIK helps a large portfolio of brands and retailers bring their products to life. With leading positions in the multibillion dollar household and personal care (“HPC”), over-the-counter (“OTC”), pool additives and automotive aftermarket categories, we serve over 100 CPG companies and several major North American HPC and automotive aftermarket retailers, including many of the leading players in their respective categories. We have full-service capabilities covering end-to-end contract manufacturing, including project management, innovation and R&D, sourcing and procurement, blending and compounding, filling and packaging, supply chain and distribution, and quality control. Our manufacturing model is highly flexible and we consistently add value to our customers by leveraging our range of services and expertise.

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.

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

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Jennifer Yamamoto

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Celltrion Taps Oracle Health Sciences Safety Solutions to Help Bring Cost-Effective Life-Saving and Biosimilar Drugs to Market

Tue, 2017-09-26 06:15
Press Release
Celltrion Taps Oracle Health Sciences Safety Solutions to Help Bring Cost-Effective Life-Saving and Biosimilar Drugs to Market Streamlines pharmacovigilance case management and safety reporting with Oracle Health Sciences Technology

Redwood Shores, Calif.—Sep 26, 2017

Oracle today announced that Celltrion (KOSDAQ: CELLTRION), a global leading biopharmaceutical company, has selected Oracle Health Sciences Argus and Oracle Health Sciences Empirica Signal to streamline its pharmacovigilance case management and patient safety initiatives – helping to bring more chronic disease and life-saving therapies to market more cost-effectively.

Driven by the cost saving potential of biosimilar drugs – an estimated $100 Billion in global healthcare spending cuts by the end of 2020* – there is an emergence of biosimilar drug manufacturers entering the market and regulatory bodies like the FDA are helping to accelerate getting these drugs to market. A key aspect in getting these treatments to market is safety and efficacy regulatory reporting, and Celltrion has turned to Oracle Health Sciences technology to help streamline the process.

“Since our founding in 2002, we have remained committed to making more advanced therapeutics available to everyone, and have turned to technology to help us achieve our goals. Oracle Health Sciences technology is supporting us in meeting today’s regulatory requirements and will enable us to move and shift as the regulatory landscape evolves, so that we can bring more life-saving and treatments to market safely and cost-effectively,” said Dr. Sang Joon Lee, vice president for Celltrion, Inc.  

In an effort to streamline its pharmacovigilance case management and reduce IT costs, Celltrion has selected Oracle Health Sciences Argus Enterprise Edition which provides a comprehensive platform that will enable the company to make faster and better safety decisions, optimize global compliance and integrate risk management into key processes. Oracle Health Sciences Empirica Signal delivers a dynamic, visual data-mining environment that will enable Celltrion to detect safety signals, uncover patterns and recognize trends in spontaneous adverse event reporting.

“It is great to see the biopharmaceutical market headed in new and innovative directions as we are seeing with the emergence of more biosimilar manufacturers. Oracle Health Sciences remains committed to evolving and innovating to continue meeting the needs of our existing and potential customers,” said Steve Rosenberg, general manager, Oracle Health Sciences. “Celltrion is a glowing example of a biotech company that is innovating to help improve people’s lives.”

*Source

Contact Info
Valerie Beaudett
Oracle Corporation
+1 650-400-7833
valerie.beaudett@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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Valerie Beaudett

  • +1 650-400-7833

Misco Selects NetSuite OneWorld to Deliver Business Transformation

Tue, 2017-09-26 00:00
Press Release
Misco Selects NetSuite OneWorld to Deliver Business Transformation Reseller of IT hardware and services chooses leading cloud ERP for rapid implementation, breadth of functionality and local data centres

LONDON—Sep 26, 2017

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 Misco, a leading European B2B reseller of IT products and services has selected NetSuite OneWorld to modernise and transform its business.

Misco selected NetSuite OneWorld for its multi-language and multi-currency capabilities to manage international operations in the UK, Italy, Spain, the Netherlands and Sweden, as well as a shared services centre in Hungary. As the market for IT products and services undergoes rapid change, Misco was confident NetSuite’s flexibility could meet its dynamic needs to provide a customer centric hybrid business model for its portfolio of products and services on a single platform.

Founded more than 30 years ago, the Wellingborough, UK-based company offers 40,000 different technology products from leading manufacturers and has been steadily growing its services business across Europe. After a new management team backed by a private equity firm acquired Misco from parent company Systemax earlier this year, it set a target to migrate off two legacy software systems, spread across six countries, before the end of the year. The new Misco management team, led by CEO Alan Cantwell, chose NetSuite OneWorld for its broad range of functionality, rapid deployment and ease of implementation. Furthermore with data centres across Europe and in particular the Netherlands, NetSuite could assure Misco and its growing number of service customers that their data would be stored locally.

Misco plans to implement NetSuite OneWorld in a multi-phased approach to go live on core ERP components, financials, CRM, supply chain management, inventory management, order management and procurement. Additionally Misco is evaluating NetSuite’s ecommerce, marketing and professional Services Automation (PSA) functionality for future deployment across its sales and service operations.  

“We wanted to replace our legacy systems with a modern cloud-based ERP system in a very short time frame,” said Paul Baldwin, CIO of Misco. “NetSuite provided a functionally rich platform that can scale with our growth and meet future market dynamics. We expect the automation of business processes through this implementation to create greater efficiencies and improve the customer experience.”

Misco is working with RSM, a UK-based NetSuite systems integration partner with international experience in successfully managing cloud ERP implementations under tight deadlines. Chris Knowles, RSM's Head of Technology Consulting in the UK said, “This project provides a fantastic opportunity for Misco to standardise its operations from the front office to the back-office and achieve improved productivity through NetSuite's leading cloud ERP platform. Misco has an ambitious implementation timeline and RSM was able to demonstrate a rapid but viable approach to achieve their objectives.”

With support for 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries and transactions in more than 200 countries, NetSuite OneWorld will provide the following benefits to Misco:

  • Rapid implementation. With implementations measured in months, not years, NetSuite OneWorld will speed Misco’s time to value.
  • 360-degree customer view. With a unified view of customers across the organization, Misco can provide better customer support and service with better visibility.
  • Unified order-to-billing-to-revenue. With advance billing and revenue recognition, Misco can easily adopt hybrid business models to adapt to market changes.
  • Significant savings in IT costs and complexity. NetSuite's proven, securely featured cloud solution will help eliminate the complexities of managing, maintaining and upgrading business applications, allowing Misco to rededicate staff to business growth.
  • Real-time visibility. NetSuite OneWorld will give Misco visibility across its operations with one unified financial system of record to provide visibility into standard costs with detailed breakdowns.
  • Data-driven decisions. With a unified platform, Misco will have real-time access to a single source of data across its entire enterprise enabling more informed decisions.
  • A broad range of robust international capabilities. NetSuite OneWorld will provide a highly scalable system for growth with the ability to quickly and easily add global functionality as Misco expands into new markets.
About Misco

A leading provider of IT products, solutions and services to businesses and public sector organisations, Misco has operations in the UK and Ireland and also across Europe in Italy, Spain, the Netherlands and Sweden.

With over 30 years’ experience and a portfolio of 40,000 information technology products from all the leading manufacturers, Misco is an independent supplier, offering great deals and solutions for consumers, businesses and public sector organisations.

www.misco.co.uk

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.co.uk.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuiteEMEA 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 oracle.com.

Trademarks

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

NetSuite Expands Business Operations in South Africa

Tue, 2017-09-26 00:00
Press Release
NetSuite Expands Business Operations in South Africa Growing Demand for Cloud ERP Drives Expansion Adds Dedicated Direct Sales Team and Leadership, Strengthens Existing Partner Ecosystem, Supports Customer Growth

JOHANNESBURG, ZA and SAN MATEO, Calif.—Sep 26, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERPHRProfessional Services Automation (PSA) and omnichannel commerce software suites, today announced the expansion of business operations in South Africa. With the support of Oracle’s global resources behind it, NetSuite has added a dedicated sales team and new leadership; new solution provider partners to strengthen its existing partner ecosystem; and new customers such as Jasco and ElectroMechanica on NetSuite OneWorld. This expansion is in response to the increasing demand for cloud ERP in the region from fast growing, innovative and emerging international businesses.

“South Africa and the region, as a whole, represent the next great opportunity for NetSuite,” said Mark Woodhams, Oracle NetSuite Vice President EMEA. “Today’s announcement is further proof that, with the global resources of Oracle behind us, we can now scale rapidly and better serve the needs of the region.”

NetSuite Bolsters Direct Sales Team and Leadership

NetSuite is extending its focus in South Africa and in the surrounding region with the addition of a dedicated sales team and country manager.

The dedicated sales office will be led by Khaled Ismail, Vice President, Oracle Digital Application Business, East, Central Europe, Middle East and Africa (ECEMEA), who will manage sales and marketing strategy for the region. In this role, Ismail will manage an organization of 250 sales professionals with almost 20 managers and directors. He will also be directly responsible for all the supporting functions working for ECEMEA OD from pre-sales, sales development, marketing and customer success.

NetSuite will also recruit local implementation partners with experience in ERP to support continued growth in the region.

“The South African market is uniquely positioned for this expanded investment in the region,” Ismail said. “Companies here are realizing the value, flexibility and scalability of the cloud and are beginning to understand that their aging, legacy on-premise systems are no longer meeting their needs in this digital age.”

Stronger Partner Ecosystem

As part of its expansion strategy, in addition to its existing partner in the region, BlueBridge One, NetSuite added four new implementation partners operating in South Africa, including Business Connexion, EOH Mthombo, Dimension Data, and XZQ Services.

BlueBridge One has been a NetSuite Solution Provider partner since 2004 (when it was named Miraculum Cloud Computing Services) and an exclusive NetSuite partner since 2009. The company has received global 5-Star status for the past three years and is also a Commerce Agency Partner and SuiteCloud Developer Network Partner. Its head office is based out of the United Kingdom with local offices in Johannesburg, Pretoria, and now Cape Town. BlueBridge One is focused on customer success in the midmarket with a significant international experience implementing NetSuite OneWorld for local and global customers seeking to enter the African market and beyond.

“NetSuite’s continued investment in South Africa comes at a time when local, growing midmarket businesses are in need of a comprehensive, cloud-based business management solution and international businesses are coming here to get a foothold on the continent,” said Channing McDonald, Managing Director at BlueBridge One, South Africa. “We look forward to continuing to work with NetSuite to expand the use of cloud computing here and across Africa.”

Jasco, ElectroMechanica Thrive with NetSuite OneWorld

Jasco (www.jasco.co.za ), a solution provider across the telecommunications, IT, energy industries and more, turned to NetSuite OneWorld to merge several independent businesses into one organization after determining that its existing system could not provide the unified view of the business it needed. Jasco is implementing NetSuite OneWorld in a phased approach. It started with CRM for its support desk and has rolled out financials, CRM, Services Resource Planning (SRP), and inventory management to six subsidiaries with several more to come. NetSuite OneWorld provides Jasco with multi-currency management for the South African rand, US and Canadian dollars, Kenya shilling, UAE dirham, English pound and the Euro.

“We thoroughly evaluated the business management software packages on the market and NetSuite OneWorld was the clear winner,” said Anneke Grond, Managing Director for Jasco Enterprise. “It gives us a scalable, flexible system to manage all of our businesses from one unified platform.”

ElectroMechanica (www.em.co.za), a distributor of switchgear brands with four branches across South Africa, went live on NetSuite OneWorld in April 2017. ElectroMechanica selected NetSuite OneWorld for its modern user interface and cloud-based architecture. NetSuite OneWorld provides mission-critical functionality across financials, CRM, inventory management for 11,000 SKUs and a B2B ecommerce website.

“We were looking for a modern, cloud-based system that could keep up with our growth,” said Muhammed Osman, Operations Director at ElectroMechanica. “NetSuite OneWorld was an obvious fit allowing us to expand as our business continues to grow.”

NetSuite OneWorld, a Game-Changer for South African Businesses

Businesses, like Jasco and ElectroMechanica seeking to gain efficiency, grow revenues, expand globally and enter new markets often find themselves held back by software systems siloed by department, geography or legal entity structures, leaving them unable to deliver an optimal customer experience and gain insights into their operations. These disparate software systems not only cannot scale with business growth, but also introduce excessive costs and potential errors, while also restricting businesses’ ability to respond to their changing markets and the needs of their customers. On-premise ERP software such as Syspro, SAP or Sage require costly maintenance and disrupts the business with every product upgrade, forcing companies to remain locked on outdated versions. The agility, flexibility and scalability that NetSuite OneWorld provides is difficult to achieve by businesses running legacy on-premise software. Meanwhile, other available cloud financial software solutions only offer basic product functionality that cannot scale and support changing business needs, growth and international expansion.

With more dedicated resources in the region NetSuite OneWorld will provide a unified and cloud-based suite of software that is flexible enough to meet the needs of the diverse business models, legal structures and geographies in the South African region.

NetSuite OneWorld supports 190 currencies, more than 20 languages, automated tax calculation and reporting in more than 100 countries, and customer transactions in more than 200 countries. Further, to help today’s B2B and B2C businesses with omnichannel commerce, NetSuite OneWorld delivers commerce-ready capabilities that can help both B2B and B2C commerce businesses to move from siloed online, in-store and phone consumer shopping channels to an integrated commerce solution, connecting ecommerce and in-store POS to order management, inventory, merchandising, marketing, financials and customer service, while delivering a seamless brand experience and exceeding customer expectations.

About Oracle NetSuite Global Business Unit

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world's first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit 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 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 oracle.com.

Trademarks

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

Chartis Names Oracle Category Leader for Financial Crime Risk Management

Mon, 2017-09-25 08:00
Press Release
Chartis Names Oracle Category Leader for Financial Crime Risk Management Oracle is only company identified by Chartis as a category leader across all five proficiencies including anti-money laundering

Redwood Shores Calif—Sep 25, 2017

Oracle Financial Crime and Compliance Management (FCCM) has been named a category leader for solutions in Anti-Money Laundering (AML), Enterprise Fraud, Know Your Customer (KYC), Watchlist Monitoring and Trader Surveillance by Chartis Research. Oracle is the only company to be identified by Chartis as a category leader in all five financial crime risk management categories.
 
“Our placement on the Chartis Research report re-affirms our status as a best-in-class provider with an unmatched array of services, and is reflective of the meticulous attention we place on our FCCM solutions,” said Oracle Financial Services Analytical Applications Group Vice President and General Manager Ambreesh Khanna. “We are at a time of renewed focus on anti-money laundering precautions and we take great pride in assuaging customers’ concerns through exemplary offerings. Oracle offers an un-paralleled, comprehensive solution set for financial crime risk management systems and we look forward to further strengthening this toolset.”
 
“I’m extremely pleased that our intense focus on improving detection effectiveness and the efficiency of case investigations is being validated in the industry,” said Oracle Financial Crime and Compliance Management Vice President Sunil Mathew. “There is a great new interest in applying cutting-edge detection technologies such as Machine Learning and Graph Analytics across all of these risk areas and having the strength of Oracle’s technology R&D behind our applications team has helped differentiate our approach in the marketplace."
 
The Chartis Financial Crime Risk Management Systems Market Update 2017 analyzes an environment that faces a significant level of disruption from new vendors, many of which are exploiting new technologies. The Chartis methodology takes into account the full breadth of risk management tools truly needed to run an enterprise-wide solution, taking a holistic view of the technology, tools and techniques used.
 
The report also features the Chartis RiskTech QuadrantTM to better illustrate vendor landscape. This quadrant utilizes a comprehensive methodology formed through in-depth independent research and a scoring system that explains which technology solutions best meet an organization’s needs. It provides an exhaustive and in-depth look at the best AML, fraud technology, KYC, watchlist monitoring and trader surveillance solutions available in today’s marketplace, with Oracle ranking as a category leader in every section.
 
“Oracle demonstrates strong, across-the-board leadership, emerging as a category leader in all five risk categories we investigated,” said Sid Dash, Research Director at Chartis Research. “They demonstrated a strong and well-focused set of product functionality and technological capability, along with impressive breadth and depth of services and delivery capacity, backed up by a strong support infrastructure.”
 
Download an executive summary of the Chartis Financial Crime Risk Management Systems Market Update 2017 Report here.
Contact Information
Alex Moriconi
Oracle
+1-650-607-6598
 
About Oracle
The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at http://cloud.oracle.com.
 
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
 
About Chartis
Chartis is the leading provider of research and analysis on the global market for risk technology, and is part of InfoPro Digital. Chartis's goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
 
RiskTech Quadrant®, RiskTech100® and FinTech QuadrantTM are registered trademarks of Chartis Research (http://www.chartis-research.com).

Oracle Announces Java SE 9 and Java EE 8

Thu, 2017-09-21 14:00
Press Release
Oracle Announces Java SE 9 and Java EE 8 Sets Stage for Faster Releases and More Open Source Engagement

Redwood Shores, Calif.—Sep 21, 2017

Oracle today announced the general availability of Java SE 9 (JDK 9), Java Platform Enterprise Edition 8 (Java EE 8) and the Java EE 8 Software Development Kit (SDK). JDK 9 is a production-ready implementation of the Java SE 9 Platform Specification, which was recently approved together with Java EE 8 in the Java Community Process (JCP). Java SE 9 provides more than 150 new features, including a new module system and improvements that bring more scalability, improved security, better performance management and easier development to the world’s most popular programming platform. Java EE 8 modernizes and simplifies the Java EE platform for the cloud and microservices with updates to eight major specifications.

Java SE 9

The defining feature of Java SE 9 is the Java Platform Module System, also known as Project Jigsaw, which makes it easier for developers to reliably assemble and maintain sophisticated applications. The module system also makes the JDK itself more flexible, allowing developers to bundle just those parts of the JDK that are needed to run an application when deploying to the cloud.

“Java SE 9 is the result of industry-wide development involving open review, weekly builds and extensive collaboration between Oracle engineers and members of the worldwide Java developer community via the OpenJDK Community and the JCP,” said Georges Saab, vice president of development for the Java Platform Group at Oracle. “This version of Java SE will provide millions of developers the updated tools they need to continue building next-generation applications with ease, performance and agility.”

The OpenJDK Community is where a diverse set of contributors have collaborated for more than ten years on an open-source implementation of the Java SE platform. Other key features in Java SE 9 include:

  • jshell, which delivers an interactive Read-Eval-Print-Loop tool that makes it easy for developers to explore APIs and try out language features.
  • Improved Javadoc, which makes it easier for developers to learn new APIs by including a search function within the API documentation itself, as well as information on which module defines each class or interface.
  • Streams API enhancements, which improve developer productivity by adding methods to conditionally take/drop items from a Stream, iterate over a Stream’s elements, and create a Stream from a nullable value while expanding the set of Java SE APIs that can serve as sources for Streams.

For the full list of features introduced in JDK 9, please visit this page.

Oracle has also announced several changes to how Java SE and Java EE will be developed and released going forward.

For Oracle Java SE, Oracle is planning to move to a 6-month release cadence using a time driven release model rather than a feature driven release model. With that change, Oracle will also be providing OpenJDK builds under the General Public License (GPL). Finally, Oracle will be contributing previously commercial features to OpenJDK such as Java Flight Recorder in Oracle JDK with the goal of making Oracle JDK and OpenJDK more aligned. 

Java EE 8

Oracle has also announced its intention to move Java EE technologies to the Eclipse Foundation, in collaboration with other vendors and the community. Oracle, Eclipse and other community members are now working out the details behind the technology transfer and ongoing governance and process within the Eclipse community.

"Today’s major release of the Java Platform Enterprise Edition is one we think developers are going to be excited to use and by open sourcing Java EE technologies to the Eclipse Foundation, we have set it up for ongoing success in the future," said Mike Lehmann, vice president of product management, Oracle. "Oracle is committed to working with the Java EE community and the Eclipse Foundation to continue enterprise Java innovation, support and evolution."

Key features in Java EE 8 include:

  • HTTP/2 support in Servlet 4.0
  • New JSON binding API and various enhancements in JSON-P 1.1
  • Expansion of JAX-RS to support Server-Sent Events and a new reactive client API
  • New security API for cloud and PaaS based applications
  • Multiple CDI enhancements including support for asynchronous events

For a full list of features included in Java EE 8, please visit this page.

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

Contact Info
Alex Shapiro
Oracle
4156085044
alex.shapiro@oracle.com
About Oracle

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

Trademarks

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

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

Alex Shapiro

  • 4156085044

Oracle to Hold Annual Project Portfolio Management Day in South Africa

Thu, 2017-09-21 08:00
Press Release
Oracle to Hold Annual Project Portfolio Management Day in South Africa Customers, industry experts to share insights into improving project delivery

Redwood Shores, Calif.—Sep 21, 2017

Today Oracle Construction and Engineering will host its annual Project Portfolio Management Day event in Johannesburg. Project management community peers and thought leaders will gather at the exclusive event to share knowledge and best practices to improve project planning and delivery. The event will take place at Summer Place in Hyde Park.

“The annual Project Portfolio Management Day provides a dynamic forum for a cross section of business and public organizations to come together and discuss the strategies and solutions they are applying to transform their organizations,” said Mike Sicilia, Senior Vice President and General Manager, Oracle Construction and Engineering.

Moritz Botha, Director, eTendering at the National Treasury of South Africa, will deliver a keynote address. In addition, Mike Sicilia will discuss Oracle Construction and Engineering’s strategic vision to empower organizations to improve project and program management outcomes in a session called Building the World of Tomorrow.

The program will feature sessions exploring the event theme of Business Modernization Through Digital Transformation and will also include the following speakers:

  • Rubin Boer, Senior Business Analyst, PetroSA
  • Vaughn Harris, Director, BIM Institute
  • Daniel Birch, Senior Consultant, PWC
  • Corli Janse Van Rensburg, General Manager, Transnet Group Capital

For more information about the event, or to register to attend, please visit: Oracle's Annual Project Portfolio Management Day

Oracle Construction and Engineering helps companies reimagine their businesses. With best-in-class project management solutions, organizations can proactively manage projects, gain complete visibility, improve collaboration, and manage change. Our cloud-based solutions for global project planning and execution can help improve strategy execution, operations, and financial performance. For more information, please visit www.oracle.com/construction-and-engineering.

Contact Info
Natassia Badenhorst
Manager, Corporate Communications, South Africa & Sub Saharan Africa, Oracle
+27 11 319 4753
tash.badenhorst@oracle.com
Judi Palmer
Senior Manager, Oracle Industries, United States
+1 650 506 0266
judi.palmer@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.

Talk to a Press Contact

Natassia Badenhorst

  • +27 11 319 4753

Judi Palmer

  • +1 650 506 0266

Oracle Named a Leader in 2017 Analyst Evaluation for Enterprise BI Platforms with Majority Cloud Deployments

Thu, 2017-09-21 07:00
Press Release
Oracle Named a Leader in 2017 Analyst Evaluation for Enterprise BI Platforms with Majority Cloud Deployments Oracle positioned as a leader in Business Intelligence for a broad and deep large-enterprise-grade BI portfolio

Redwood Shores, Calif.—Sep 21, 2017

Oracle today announced that Forrester Research has named Oracle a leader in its “The Forrester Wave™: Enterprise BI Platforms with Majority Cloud Deployments, Q3 2017” report. This placement confirms Oracle Analytics Cloud as a leader in the analytics space.

“By offering a single, integrated platform capable of serving all of an enterprises’ analytics needs, including self-service data visualization, data preparation, embedded machine learning and predictive analytics, Oracle Analytics Cloud helps businesses improve efficiencies and drive innovation,” said Rich Clayton, vice president product management, Oracle. “Our unique, comprehensive platform can address the needs of executives, analysts and data engineers while helping reduce the time and financial resources necessary to integrate and optimize a plethora of technologies for data-driven innovation.”

In Forrester’s 22-criteria evaluation of enterprise business intelligence platforms with majority cloud-deployment providers, Forrester identified the 10 most significant vendors and researched, analyzed, and scored them.  

Forrester notes: “With Oracle Analytics Cloud, Oracle supports the complete spectrum of BI needs at enterprise scale, ranging from self-service analytics to complex requirements leveraging Essbase’s powerful MOLAP engine. The vendor can also support hybrid scenarios. Comprehensive advanced analytics capabilities and natural language functions round out the offering. Customers of Oracle’s other applications (e.g., CRM or ERP) can gain additional benefits from the Common Enterprise Information Model, as the semantic layer extends across products. Existing Oracle customers will also welcome the increased licensing flexibility. With Oracle Day by Day, Oracle has made a fresh start on mobile, focusing on users’ information needs rather than on simple BI delivery.”

Part of Oracle Cloud Platform, Oracle Analytics Cloud provides the industry’s most comprehensive cloud analytics in a single, unified platform, including everything from self-service visualization and powerful inline data preparation to enterprise reporting, advanced analytics, and self-learning analytics that deliver proactive insights. With support for more than 50 data sources and an extensible, open framework, Oracle Analytics Cloud gives customers a complete, connected, collaborative platform that brings the power of data and analytics to every process, interaction, and decision in any environment – cloud, on-premises, desktop and data center. Oracle Analytics Cloud has experienced significant growth in 2017, tripling adoption in the last 12 months. In addition, Oracle recently introduced two innovative mobile applications – that leverage machine learning and natural language processing – Oracle Analytics Cloud Day by Day and Oracle Analytics Cloud Synopsis. Respectively, these applications deliver proactive analytics and visual analysis to mobile devices, helping ensure the right information is always available and actionable.

Contact Info
Jesse Caputo
Oracle
+1.650.506.5967
jesse.caputo@oracle.com
Sarah Fraser
Oracle
+1.650.743.0660
sarah.fraser@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.

Talk to a Press Contact

Jesse Caputo

  • +1.650.506.5967

Sarah Fraser

  • +1.650.743.0660

Polish Retailer Marketing Investment Group SA Selects Oracle Planning

Wed, 2017-09-20 08:30
Press Release
Polish Retailer Marketing Investment Group SA Selects Oracle Planning Oracle Selected to Unify Processes and Drive Productivity at Leading Polish Retailer

Redwood Shores, Calif.—Sep 20, 2017

Today, Oracle announced that Marketing Investment Group SA (MIG) has selected Oracle Retail Merchandise Financial Planning. MIG currently provides consumers with products of famous brands across more than 300 brick and mortar stores and 5 e-commerce outlets, through its own retail chain.

MIG efficiently manages a growing network of over 100 Sizeer stores, 150 under the brands of 50 style and operating stores of such brands like Timberland, Symbiosis, Umbro and up8. Dynamic growth through continued expansion and store openings in new markets, along with inconsistent manual spreadsheets resulted in the need for an integrated planning system to drive unified processes and experiences. The implementation of Oracle Retail will deliver a coherent, iterative plan to follow a single version of truth for the whole company.

“To secure future growth, we required a solution that allows for more detailed purchase planning, faster and more informed buying process, and reduction of stock inventory levels during collection intakes,” said Krzysztof Nitsch, COO and Board Member, Marketing Investment Group. “We will empower our merchants and planners to better manage stock by season, by truly understanding the inventory levers with Oracle Retail.”

“As Marketing Investment Group grows their business, the role of inventory becomes critical to their success and margin attainment,” said Ray Carlin, Senior Vice President and General Manager, Oracle Retail. “We look forward to celebrating the success with Marketing Investment Group and Pronos.”

Oracle Retail collaborated with Pronos to deliver local, in-language implementation based on global expertise. Pronos brings unique fashion planning competencies with a lean delivery approach and accelerated schedule.

“We are partnering with the Marketing Investment Group to deliver a consistent and structured way of working across the business. The Oracle Retail implementation will facilitate the management of rolling objectives through proactive monitoring of an on-going business performance to drive productivity and visibility.” said Paweł Kowalewski, Vice President, Pronos. 

Contact Info
Matt Torres
Oracle
4155951584
matt.torres@oracle.com
About Oracle Retail

Oracle provides retailers with a complete, open, and integrated suite of best-of-breed business applications, cloud services, and hardware that are engineered to work together and empower commerce. Leading fashion, grocery, and specialty retailers use Oracle solutions to anticipate market changes, simplify operations and inspire authentic brand interactions. For more information, visit our website at www.oracle.com/retail.

About Oracle

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

Matt Torres

  • 4155951584

Draper James Gains Foundation to Grow Graciously with NetSuite

Wed, 2017-09-20 08:00
Press Release
Draper James Gains Foundation to Grow Graciously with NetSuite Southern Lifestyle Brand Supports Omnichannel Strategy with NetSuite’s Retail Apparel Edition

San Mateo, Calif.—Sep 20, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, announced today that Draper James, a fast-growing Southern-influenced apparel and homewares line founded by actor Reese Witherspoon, has implemented and gone live with NetSuite’s Retail Apparel Edition in 144 days to power its financials, inventory, customer and order management processes. Draper James now has an end-to-end view of the business across its wholesale distribution, ecommerce channels and three brick-and-mortar locations, to enable seamless omnichannel experiences for its customers and retail partners.

Witherspoon founded Draper James as a tribute to her Southern heritage and gracious Southern living, and in particular her grandparents, William James Witherspoon and Dorothea Draper – who never left the house without her pearls or wedding ring and always drove her white Cadillac with the proper driving gloves. To realize its mission to give everyone a taste of that contemporary yet timeless Southern style Witherspoon grew up with, Draper James needed to scale operations for growth across expanding channels – which included ecommerce, plans to open brick-and-mortar locations and engage in B2B partnerships with leading retailers.

When running a clothing line whose founder is an internationally acclaimed actor, a big part of delivering a great customer experience is ensuring that whatever Witherspoon is pictured wearing is available for purchase. And when a dress can sell out in mere minutes after she is photographed wearing it, ensuring supply matches demand is crucial.

That wasn’t so hard to do when Draper James first launched as an online brand in 2015. But demand for its dresses, t-shirts - adorned with phrases like “howdy,” - and friendly, powder blue gingham stationery, grew across the country. People everywhere from Greenville S.C. to Greenwich, Conn. were looking to incorporate a bit of Southern charm into their lives.  

“We really needed to have unified data to remove the barriers between channels,” said Melissa Baird, VP of Systems and Procedures for Draper James. “If a customer shopped in the Lexington store, and the only dress left in the network was in Nashville, we wanted to allow the customer the ability to easily purchase it from an iPad and have it delivered directly to the location of their choice.”

Draper James couldn’t meet the buy-anywhere customer expectation and wasn’t pleased with its previous inventory management processes, being forced to perform time-consuming, error-prone and inefficient manual workarounds in Excel. Disparate systems held the company back from getting to know its customers better, and from ensuring that what they wanted to buy was in stock. It knew sustainable, efficient growth depended on managing and maintaining flexible inventory across channels.

Draper James implemented NetSuite’s Retail Apparel Edition in June 2017 in 144 days using NetSuite SuiteSuccess; a methodology designed to deliver faster time to value, increased business efficiency, flexibility and greater customer success. SuiteSuccess leverages NetSuite’s depth of experience in the retail industry and business operations functionality, including preconfigured dashboards for retail-specific roles and reports with business intelligence for retailers that provides insight into top selling items, units per transaction, shrink reports, sales per hour, sell-through figures and retail stock-ledger.

“Since we’re such a young business, we needed a vendor flexible enough to allow us to morph and grow as a company,” Baird said. “We wanted a good partner for the long run — a like-minded vendor that understood what we were trying to do as we scaled as a company.”

NetSuite allows Draper James to manage its business across ecommerce, wholesale distribution and brick and mortar channels in a smarter way, maintaining flexible inventory and avoiding stock-outs. Efficient, lean operations allow Draper James to keep a laser focus on listening to customers, detecting patterns and focusing on adding value to the customer journey across its different retail touch points.

Since implementing NetSuite, the now 30-employee company has forged wholesale distribution partnerships with luxury retailers like Nordstrom and Net-a-Porter, and opened brick and mortar stores in Nashville, Dallas and Lexington. The business is headquartered in New York, with a warehouse in Greenville, S.C. and much of its manufacturing done in the south.

NetSuite provides an end-to-end view of business for retailers such as Draper James across wholesale distribution and ecommerce channels, as well as company brick-and-mortar locations, to enable seamless, omnichannel experiences for customers.

NetSuite’s cloud-based software removes complexity, and allows fast-growing companies with many remote workers to run best-in-class processes without high implementation costs and overhead associated with managing on-premise software. In turn, the business can adopt new functionality when it needs it to reach new goals.  For more information on NetSuite’s products, please visit http://www.netsuite.com.

Contact Info
Christine Allen
Oracle NetSuite
603-743-4534
PR@netsuite.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

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

Christine Allen

  • 603-743-4534

Global Research Identifies Three Consumer Personas and Opportunities for Technology, Personalization to Innovate the Retail Experience

Wed, 2017-09-20 08:00
Press Release
Global Research Identifies Three Consumer Personas and Opportunities for Technology, Personalization to Innovate the Retail Experience Audit of 15,000 Consumers Reveals Trends in Mobile Payments, Returns and Emerging Technology

Redwood Shores, Calif.—Sep 20, 2017

Today Oracle announced the 2017 findings of global research that audited 15,607 consumers across four key regions: EMEA (France, Germany, Italy, India, Spain, Sweden, UK) NA (Canada, USA), LAD (Brazil, Chile, Colombia, Mexico), and JAPAC (Australia, China) on their retail preferences and attitudes. Findings in the Retail in 4 Dimensions: Understanding Consumer Behavior in an Age of Relativity report highlighted three personas demonstrative of consumer behavior. It also revealed opportunities for retailers to identify the customer experience with personalization, mobile payments, automatic replenishment and virtual reality. The research insights indicate that consumer preferences for delivery, returns and self-service established with ecommerce have taken hold in a global, omnichannel environment.

Three Shopper Profiles Emerge

As digital innovation continues its radical rearrangement of the retail landscape, three consumer behavior macro trends emerge globally in the report: a fully omnichannel consumer taking advantage of a mix of digital and physical engagement points; a savvy shopper looking for new, innovative and technology-driven retail experiences; and a price conscious hunter always searching for the greatest value for money.

“In order to leverage these behavior trends and successfully reach these consumers, brands need to innovate on three fronts,” said Ray Carlin, SVP and GM Oracle Retail. “They need to truly know their consumer to personalize their experience and embrace Omnichannel excellence as an enterprise discipline while create capacity for innovation.”

The Nomad is a nimble shopper who is not loyal to a brand nor a channel and will examine multiple options for researching and locating products before making a purchase.

In the research:

  • 42 percent of consumers are now shopping both online and in-store every week
  • 73 percent want to return online purchases to a retail store
  • 55 percent want to check product stock on their mobile while in-store

The Player uses technology to fuel and guide their shopping experience and look for brands that re-invent the customer journey.

In the research:

  • 44 percent of families noted that virtual sales assistants are important
  • 35 percent like the idea of near real-time delivery via drone or driverless car
  • 43 percent love the idea of being able to 3D print custom fashion

For The Dealer the thrill of the win and discount drives their shopping behavior.

In the research:

  • 84 percent say that competitive pricing and promotions first and foremost are the most important aspect of their shopping experience
  • 65 percent say personalized offers and promotions are most important to them in their shopping experience
  • 50 percent want real-time offers online depending on what they’re browsing at that moment

Opportunities for Retail Innovation Identified in Six Key Trends

In the Retail in 4 D: Understanding Consumer Behavior in an Age of Relativity report consumers have clearly identified technology’s role in establishing new global standards for the retail community. These include a common expectation for returns and delivery, a desire for mobile payments self-service and opportunities for personalization.

 “As consumers reinforce these trends through purchase behavior, cloud infrastructure will play a more critical role by delivering innovation faster and enabling the retail community to keep pace with existing expectations and experiences,” said Jeff Warren, vice president strategy, Oracle Retail. “What continues to be true is the rising expectations and anticipated evolution of a fully omnichannel shopping experience. Retailers can’t afford to delay adopting cloud solutions that enable a single perspective of consumer behavior across offline and online storefronts.”

Navigating Personalization and Privacy

  • 67 percent of consumers stated that they did not wanting to set up an account for e-commerce checkout and at the same time 57 percent want instant one-click checkout that can only be enabled through creation of a payment profile
  • 29 percent would find offers based on ‘social media’ data ‘creepy’
  • 52 percent want personalized offers in-store based on personal data from their store loyalty account

Fashion Driving Store Traffic and Personalization

  • 83 percent of consumers indicated that they shop in-store at least once a week, and for fashion 7 percent of respondents shop in-store every day and 22 percent shop in-store several times a week
  • 50 percent of millennials and pre-millennials think 3D custom printing would be very engaging
  • 40 percent of consumers browse or buy fashion online at least once a week

Faster, Smarter Payments and Self-service

  • 56 percent say self-checkout machines are important to them
  • A majority of millennials noted the ability to research and reserve items for in-store pickup on the same day (65 percent) and next day (58 percent) as important
  • 60 percent want mobile payment options in-store with millennials (67 percent) and pre-millennials recording a stronger preference in particular

Simplifying the Returns Process

  • 82 percent want the ability to return an online purchase with free shipping
  • 34 percent of consumers want returns windows exceeding 30 days
  • 70 percent of consumers want free 2-day shipping on all purchases

Auto Replenishment and Grocery Recommendations

  • 48 percent think online automatic replenishment would be important to their experience in the future
  • 33 percent think it would be ‘creepy’ for supermarkets to ship grocery items based on purchase, social and environmental data
  • 40 percent think it would be ‘awesome’ if supermarkets use technology to ‘suggest’ a shopping list without automatically charging for it

Opportunities for Emerging Technology

  • 48 percent of consumers want to use virtual reality at home to navigate a personalized in-store experience and receive home delivery and 48 percent would use virtual reality to prepare a curated wardrobe to be picked up in-store
  • 39 percent think robot assistance would be ‘creepy’ and the sentiment is shared across age groups
  • Millennials (42 percent) and families (43 percent) showed the greatest interest in delivery by driverless car or drone

To access your copy of the research findings visit: www.oracle.com/goto/retail-in-4d

Contact Info
Matt Torres
Oracle
4155951584
matt.torres@oracle.com
About Oracle Retail

Oracle provides retailers with a complete, open, and integrated suite of best-of-breed business applications, cloud services, and hardware that are engineered to work together and empower commerce. Leading fashion, grocery, and specialty retailers use Oracle solutions to anticipate market changes, simplify operations and inspire authentic brand interactions. For more information, visit our website at www.oracle.com/retail.

About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. For more information about Oracle (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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Matt Torres

  • 4155951584

New Survey Finds Enterprises Racing to Deliver New Pricing Models to Support and Enhance Customer Experiences

Wed, 2017-09-20 07:00
Press Release
New Survey Finds Enterprises Racing to Deliver New Pricing Models to Support and Enhance Customer Experiences

Redwood Shores, Calif.—Sep 20, 2017

A new Oracle Communications survey announced today “Monetization as a Competitive Advantage: New Services, New Opportunities,” highlighted the need for enterprises to move quickly to monetize new services to enhance customers interactions. The study found that enhancing customer experience is the most critical business objective for enterprises today and 75 percent of respondents see launching subscription-based services as a top priority as they look to digitally transform their customer engagement strategy.

To learn more about the study download the Infographic.

“Delivering an unmatched customer experience is now the source of competitive differentiation in all industries,” said Doug Suriano, senior vice president, general manager, Oracle Communications. “Today’s subscription monetization goes well beyond simple billing and receivables, and has only scratched the surface of what’s to come in the way of new digital services. Companies who create an agile, flexible program that can meet the needs of their customers today and well into the future will win.”

Companies are looking to deepen customer relationships by shifting the delivery of goods and services that require just a single touchpoint, to ones that foster recurring interactions. Whether companies are looking to monetize connected cars, using sensors to aggregate and monetize data, or transitioning their products to a Software as a Service (SaaS) delivery model, they are undergoing a digital transformation that requires flexible new pricing, billing, revenue management, and real-time subscriber management capabilities. However, only 26 percent of respondents have currently implemented a monetization solution. To compete for customer loyalty, companies need to move fast. Those companies that are already launching subscription-based services are reaping the benefits and a competitive advantage – with revenue growth reaching one to nine percent higher than plan. 

The survey also found that:

  • New Pricing Models are on the Rise: 63 percent of enterprises are implementing new ways to monetize their offerings with packaged/bundled products or digital services and 61 percent plan to offer usage/ consumption based charges.
  • New Models Require Modern Solutions: 54 percent of enterprises agree that their existing billing/monetization processes aren’t capable of handling the current and future needs of their organization. These enterprises also noted that without a new monetization solution they fear loss of revenue, slower growth and loss of customers. As such, future capabilities in monetization technology are critical in the selection process, with 63 percent of respondents noting they are thinking 3-5 years out in terms of needed capabilities.
  • Enterprises Require an Integrated Experience: 62 percent of enterprises are looking for a single vendor for CRM, ERP, and monetization solutions as opposed to using separate vendors for each; and 68 percent agree it is important for their monetization solution to tightly integrate with their CRM system.
 

Part of the Oracle Communications portfolio, Oracle Monetization Cloud empowers innovative businesses to launch competitive pricing models in the era of digital commerce. The new cloud service accelerates time to market for digital and subscription-based products and services by enabling the full life cycle of customer on-boarding, offer creation, robust rating and discounting, billing, customized invoicing and reporting.

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.

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Katie Barron

  • +1.202.904.1138

Kristin Reeves

  • +1.925.787.6744

Oracle Unveils New Programs that Transform how Customers Buy and Consume Cloud

Tue, 2017-09-19 15:15
Press Release
Oracle Unveils New Programs that Transform how Customers Buy and Consume Cloud Oracle announces lowest list prices, higher performance, and more automation to provide customers with the lowest total cost of ownership

Redwood Shores, Calif.—Sep 19, 2017

At a live event today, Oracle Executive Chairman of the Board and CTO Larry Ellison announced new programs that lower costs by delivering increased automation and flexibility, and enable customers to get more value from their existing Oracle software investments. The new Oracle Cloud programs include Bring Your Own License to PaaS and Universal Credits.

“We are completely transforming the way all companies buy and use cloud by providing flexibility and choice,” said Ellison. “Today, we combined the lowest prices with the highest performance and more automation to deliver a lower total cost of ownership for our customers.”

While organizations are eager to move to the cloud, many have not due to obstacles that have forced them to choose between flexibility and lower costs. They have been challenged by the complexity of the cloud and the inability to rebalance spend across different services. Organizations have also been constrained by limited visibility and control over cloud spend. Until now, they have been unable to fully leverage their on-premises software investments in the cloud, having been limited to IaaS services or sacrificing key database features at the PaaS layer. Oracle’s new cloud programs address customers’ cloud adoption challenges by improving and simplifying the way they purchase and consume cloud services.

Bring Your Own License to Oracle Database PaaS: Delivering Increased Value Through License Mobility

Currently, customers are able to bring their on-premises licenses to Oracle IaaS. Today, Oracle is expanding the offering by enabling customers to reuse their existing software licenses for Oracle PaaS, including Oracle Database, Oracle Middleware, Oracle Analytics, and others. Customers with existing on-premises licenses can leverage that investment to use Oracle Database Cloud at a fraction of the old PaaS price. Running Oracle Database on Oracle IaaS is faster and offers more features than Amazon, delivering the industry’s lowest total cost of ownership. Additionally, customers can further reduce management and operational costs required for on-premises maintenance by taking advantage of this PaaS automation.

Universal Credits: Flexible Buying and Consumption Choices for Oracle’s PaaS and IaaS Services

Oracle is introducing Universal Credits, the industry’s most flexible buying and consumption model for cloud services. With Universal Credits, customers have one simple contract that provides unlimited access to all current and future Oracle PaaS and IaaS services, spanning Oracle Cloud and Oracle Cloud at Customer.  Customers gain on-demand access to all services plus the benefit of the lower cost of pre-paid services. Additionally, they have the flexibility to upgrade, expand or move services across datacenters based on their requirements. With Universal Credits, customers gain the ability to switch the PaaS or IaaS services they are using without having to notify Oracle. Customers also benefit from using new services with their existing set of cloud credits when made available.

Oracle’s new Universal Credit and Bring Your Own License to PaaS will be available on September 25, 2017. These programs span Oracle Cloud and Oracle Cloud at Customer.

Contact Info
Jessica Moore
Oracle Corporate Communications
650.506.3297
jessica.moore@oracle.com
Nicole Maloney
Oracle Corporate Communications
650.506.0806
nicole.maloney@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.

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.

Statements in this article relating to Oracle’s future plans, expectations, beliefs, intentions, and prospects are “forward-looking statements” and are subject to material risks and uncertainties. Many factors could affect Oracle’s current expectations and actual results, and could cause actual results to differ materially. A discussion of such factors and other risks that affect Oracle’s business is contained in Oracle’s Securities and Exchange Commission (SEC) filings, including Oracle’s most recent reports on Form 10-K and Form 10-Q under the heading “Risk Factors.” These filings are available on the SEC’s website or on Oracle’s website at http://www.oracle.com/investor. All information in this article is current as of September 19, 2017, and Oracle undertakes no duty to update any statement in light of new information or future events. 

Talk to a Press Contact

Jessica Moore

  • 650.506.3297

Nicole Maloney

  • 650.506.0806

Oracle’s New SPARC Systems Deliver 2-7x Better Performance, Security Capabilities, and Efficiency than Intel-based Systems

Mon, 2017-09-18 07:00
Press Release
Oracle’s New SPARC Systems Deliver 2-7x Better Performance, Security Capabilities, and Efficiency than Intel-based Systems World’s most advanced processor adds breakthrough performance and security enhancements with Software in Silicon v2 for Oracle Cloud, Oracle Engineered Systems, and Servers

Redwood Shores, Calif.—Sep 18, 2017

Oracle today announced its eighth generation SPARC platform, delivering new levels of security capabilities, performance, and availability for critical customer workloads. Powered by the new SPARC M8 microprocessor, new Oracle systems and IaaS deliver a modern enterprise platform, including proven Software in Silicon with new v2 advancements, enabling customers to cost-effectively deploy their most critical business applications and scale-out application environments with extreme performance both on-premises and in Oracle Cloud.

SPARC M8 processor-based systems, including the Oracle SuperCluster M8 engineered systems and SPARC T8 and M8 servers, are designed to seamlessly integrate with existing infrastructures and include fully integrated virtualization and management for private cloud. All existing commercial and custom applications will run on SPARC M8 systems unchanged with new levels of performance, security capabilities, and availability. The SPARC M8 processor with Software in Silicon v2 extends the industry’s first Silicon Secured Memory, which provides always-on hardware-based memory protection for advanced intrusion protection and end-to-end encryption and Data Analytics Accelerators (DAX) with open API’s for breakthrough performance and efficiency running Database analytics and Java streams processing. Oracle Cloud SPARC Dedicated Compute service will also be updated with the SPARC M8 processor.

“Oracle has long been a pioneer in engineering software and hardware together to secure high-performance infrastructure for any workload of any size,” said Edward Screven, chief corporate architect, Oracle. “SPARC was already the fastest, most secure processor in the world for running Oracle Database and Java. SPARC M8 extends that lead even further.”

The SPARC M8 processor offers security enhancements delivering 2x faster encryption and 2x faster hashing than x86 and 2x faster than SPARC M7 microprocessors. The SPARC M8 processor’s unique design also provides always-on security by default and built-in protection of in-memory data structures from hacks and programming errors. SPARC M8’s silicon innovation provides new levels of performance and efficiency across all workloads, including:  

  • Database: Engineered to run Oracle Database faster than any other microprocessor, SPARC M8 delivers 2x faster OLTP performance per core than x86 and 1.4x faster than M7 microprocessors, as well as up to 7x faster database analytics than x86.
  • Java: SPARC M8 delivers 2x better Java performance than x86 and 1.3x better than M7 microprocessors.  DAX v2 produces 8x more efficient Java streams processing, improving overall application performance.
  • In Memory Analytics: Innovative new processor delivers 7x Queries per Minute (QPM)/core than x86 for database analytics.
 

Oracle is committed to delivering the latest in SPARC and Solaris technologies and servers to its global customers. Oracle’s long history of binary compatibility across processor generations continues with M8, providing an upgrade path for customers when they are ready. Oracle has also publicly committed to supporting Solaris until at least 2034.

Contact Info
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
Kristin Reeves
Blanc and Otus
+1.925.787.6744
kristin.reeves@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

Nicole Maloney

  • +1.650.506.0806

Kristin Reeves

  • +1.925.787.6744

Q1 FY18 GAAP EPS UP 19% TO $0.52 and NON-GAAP EPS UP 12% TO $0.62

Thu, 2017-09-14 14:04
Press Release
Q1 FY18 GAAP EPS UP 19% TO $0.52 and NON-GAAP EPS UP 12% TO $0.62 Q1 FY18 Cloud Revenues Up 51% to $1.5 Billion and Total Revenues Up 7% to $9.2 Billion

Redwood Shores, Calif.—Sep 14, 2017

Oracle Corporation (NYSE: ORCL) today announced fiscal 2018 Q1 results. Total Revenues were up 7% from the prior year to $9.2 billion. Cloud plus On-Premise Software Revenues were up 9% to $7.4 billion. Cloud Software as a Service (SaaS) revenues were up 62% to $1.1 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 28% to $400 million. Total Cloud Revenues were up 51% to $1.5 billion.

GAAP Operating Income was up 7% to $2.8 billion and Operating Margin was 31%. Non-GAAP Operating Income was up 11% to $3.8 billion and non-GAAP Operating Margin was 41%. GAAP Net Income was up 21% to $2.2 billion, while non-GAAP Net Income was up 14% to $2.7 billion. GAAP Earnings Per Share was up 19% to $0.52, while non-GAAP Earnings Per Share was up 12% to $0.62.

Short-term deferred revenues were up 9% compared with a year ago to $10.3 billion. Operating cash flow on a trailing twelve-month basis was up 8% to $14.8 billion.

“The sustained hyper-growth in our multi-billion dollar cloud business continues to drive Oracle’s overall revenue and earnings higher and higher,” said Oracle CEO, Safra Catz. “In Q1, total revenues were up 7%, GAAP EPS was up 19%, and non-GAAP EPS was up 12%. Oracle is off to a very, very strong start in FY18.”

“With SaaS revenue up 62%, our cloud applications business continues to grow more than twice as fast as Salesforce.com,” said Oracle CEO, Mark Hurd. “ERP is our largest and most important cloud applications business. We now have about 5,000 Fusion ERP customers plus 12,000 NetSuite ERP customers in the Oracle Cloud. That’s 30 times more ERP customers than Workday.”

“In a couple of weeks, we will announce the world’s first fully autonomous database cloud service,” said Oracle Chairman and CTO, Larry Ellison. “Based on machine learning, the latest version of Oracle is a totally automated “self-driving” system that does not require human beings to manage or tune the database. Using AI to eliminate most sources of human error enables Oracle to offer database SLA’s that guarantee 99.995% reliability while charging much less than AWS.”

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 October 11, 2017, with a payment date of October 25, 2017.

Q1 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 Q1 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: 82330974.

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 cloud applications business compared to competitors and the announcement regarding our new autonomous database cloud service, 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 September 14, 2017. 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 Joins the Cloud Native Computing Foundation

Wed, 2017-09-13 11:00
Press Release
Oracle Joins the Cloud Native Computing Foundation Continues Open Source Commitment with Release of Kubernetes on Oracle Linux and Terraform Kubernetes Installer for Oracle Cloud Infrastructure

OpenSource Summit North America, Los Angeles—Sep 13, 2017

Oracle announced today that it has joined the Cloud Native Computing Foundation (CNCF) as a Platinum Member. In addition, Oracle is releasing Kubernetes on Oracle Linux and open sourcing a Terraform Kubernetes Installer for the next-generation Oracle Cloud Infrastructure. As such, developers gain unparalleled simplicity for running their cloud native workloads on Oracle.

As enterprises accelerate how they build and deploy mission-critical applications, development teams are seeking an open, cloud-neutral, container-native technology stack that avoids lock-in. By joining CNCF, Oracle is demonstrating its support for this effort as well as the Kubernetes open-source community, the core component of the CNCF technology stack.

Kubernetes is the industry leading open source container orchestration and management platform rapidly emerging as the standard for containerized applications. Deploying Kubernetes can be complex, especially with regards to storage, security and networking. By open sourcing its fully-supported, automated Kubernetes Terraform template for the Oracle Cloud Infrastructure, Oracle is helping developers avoid these challenges and easily install, run and manage Kubernetes-based container apps with the extreme performance of bare metal.

Additionally, Oracle is releasing Oracle Linux Container Services for use with Kubernetes, simplifying the configuration and setup of Kubernetes for any environment on Oracle Linux: public cloud, private cloud, and customer on-premises. This solution has been developed as an extension to Oracle Linux and Oracle Linux Container Services for Docker, with a streamlined installation model so developers can easily setup and deploy their orchestration environment in a matter of minutes.

“Nobody has more experience managing complex enterprise workloads than Oracle. By joining the CNCF, we’re making it easier for enterprises to leverage the power of container-native technology to simplify their infrastructure environments to run in true hybrid cloud mode – in any cloud,” said Mark Cavage, vice president of software development at Oracle. “CNCF technologies such as Kubernetes, Prometheus, gRPC and OpenTracing are critical parts of both our own and our customers’ development toolchains. Together with the CNCF, Oracle is cultivating an open container ecosystem built for cloud interoperability, enterprise workloads and performance.”

“Oracle has decades of experience meeting the needs of world-class enterprises,” said Chris Aniszczyk, chief operating officer of the Cloud Native Computing Foundation. “We are excited to have Oracle join CNCF as a platinum member, and believe that their key role will help define the future of enterprise cloud.”

Today’s announcement follows a string of recent news underscoring Oracle’s commitment to open source and the container ecosystem, including dedicating engineering resources to the Kubernetes project, open-sourcing several container utilities and making its flagship databases and developer tools to the Docker Store marketplace.

Contact Info
AlexShapiro
Oracle
4156085044
alex.shapiro@oracle.com
About Oracle

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

Trademarks

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

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

AlexShapiro

  • 4156085044

Oracle Health Sciences Steve Rosenberg Honored Among PharmaVOICE 100’s Change Agents in Life Sciences

Wed, 2017-09-13 07:00
Press Release
Oracle Health Sciences Steve Rosenberg Honored Among PharmaVOICE 100’s Change Agents in Life Sciences Recognized for Opening Doors to Clinical Efficiency

Redwood Shores Calif—Sep 13, 2017

Today Oracle Health Sciences announced that its general manager, Steve Rosenberg, has been selected by PharmaVOICE magazine as one of the most inspiring people in the life sciences industry. Steve will be recognized with this prestigious award during the PharmaVOICE 100 Celebration on Thursday, September 14 in New York City.
 
Steve was chosen as a PharmaVOICE 100 honoree for his leadership in driving the development of new and innovative technologies that are positively impacting efficiencies in clinical research, which help pharmaceutical companies bring new drugs to market faster. With nearly 40 years in technology, and 22 years in Health Sciences technology, including his pivotal role in accelerating the adoption of Electronic Data Capture (EDC) and defining the Integrated Clinical Environment (ICE), Steve recognized both the potential value and the significant challenges in bringing the data revolution and the cloud to life sciences. From the conservative regulatory environment to the sensitive nature of introducing new treatments to humans, Steve knew it was never going to be an easy road but to Rosenberg, these challenges have made his job worthwhile.
 
“I have a drive to succeed and grow our business while enabling our customers to innovate on their mission to develop new medicines. The patient is waiting, and it is our job and our joy at Oracle to push innovation in technology to help our customers reach these patients faster,” said Rosenberg.
 
In 2014, Mr. Rosenberg was asked by the head of Oracle Industries to take on a leadership role within the company’s health sciences business, which provides the infrastructure and technology that powers everything from clinical trials to population healthcare. Since joining Oracle, he has overseen the development of innovative technologies including the launch of the company’s most recent offering, Oracle Health Sciences Clinical One Platform, an eClinical platform that unifies clinical development operations and information and reimagines how technology supports clinical trials for maximum efficiency. The company’s flagship drug safety cloud offering, Oracle Health Sciences Argus continues to lead the market, enabling drug manufacturers to make faster and better safety decisions, optimize their global compliance and manage risk.
 
“Steve is a true change agent whose insights and commitment to technology innovations is helping to bring more life-saving therapies to market faster. His early understanding of the data revolution and the cloud in Life Sciences has enabled him to get in front of the data management challenges and create leading-edge technology to solve some of today’s most pressing issues in the eClinical space,” said Taren Grom, editor of PharmaVOICE. 
 
This year’s distinguished honorees were nominated by thousands of PharmaVOICE readers and were selected for inclusion based on substantive accounts describing how they have inspired or motivated their colleagues, peers, and even competitors; their positive impact on patients, their organizations, and the industry at large; their innovative and game-changing strategies and thinking; their mentorship and guidance to the next generation of leaders; as well as their willingness to give their time and resources to their communities and philanthropic causes.
 
“It is truly an honor to be recognized for my contributions to the life sciences industry, but more importantly, for our work in bringing innovative technology to our customers, who give hope to patients who wait in the balance for new therapies that have the potential to save their lives or deliver a better quality of life,” Rosenberg went on to say.
 
Additional Information
For additional information, visit Oracle Health Sciences Clinical One Platform, Oracle Health Sciences Argus Safety and Oracle Health Sciences Data Management Workbench. Engage with us on Twitter

About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe, and Asia. For more information about Oracle, please visit us at oracle.com.
 
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
 
###
 
Contact Info
Valerie Beaudett                                                                                
Oracle                                                                                                            
+1.650.400.7833                                                                                
valerie.beaudett@oracle.com                                                           
 
About Oracle

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

Trademarks

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

Safe Harbor

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

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