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Oracle Recognized as a Leader in 2018 Gartner Magic Quadrant for Mobile App Development Platforms

Thu, 2018-08-02 07:00
Press Release
Oracle Recognized as a Leader in 2018 Gartner Magic Quadrant for Mobile App Development Platforms For second consecutive year, Oracle positioned as leader based on ability to execute and completeness of vision

Redwood Shores Calif—Aug 2, 2018

Oracle today announced that it has been named a Leader in Gartner’s 2018 Magic Quadrant for Mobile App Development Platforms1.This is the second consecutive year Oracle Mobile Cloud has been recognized as a Leader and further underscores the strength of Oracle’s solution, which offers developers the latest emerging technologies to help build unified multi-channel applications.

As mobile user habits continue to evolve, enterprises are expanding efforts to reach audiences on a variety of platforms. According to Gartner, “55 percent of all organizations will have deployed (used in production) at least one additional app experience in addition to a mobile app by 2020”2. Additionally, the analyst firm predicts that “by 2021 at least one-third of enterprises will have deployed a multi-experience development platform to support mobile, web, conversational and augmented reality development”3. Using Oracle Mobile Cloud, businesses are able to create cohesive experiences across all platforms to engage key stakeholders on the most popular devices and platforms.

“Smartphone adoption continues to grow and mobile apps, while key to engaging customers, are beginning to give way to new technologies like conversational interfaces,” said Suhas Uliyar, vice president, product management, Oracle. “The addition of services like Oracle’s intelligent bots, which can readily build chatbots for customers, will be instrumental for digital transformation as businesses engage with audiences on new and emerging platforms.”

According to Gartner, “Leaders have a strong combination of Ability to Execute and Completeness of Vision. In the MADP sector, this means that Leaders are not only good at cross-platform development, deployment and management across the full life cycle, but also demonstrate strong vision for multiexperience development support. A Leader must also have open architectures and support open standards, while showing a solid understanding of IT requirements, and scalable sales channels and partnerships. Leaders must provide platforms that are easy to purchase, program, deploy and upgrade, and which can connect to a range of systems of record and third-party cloud services.”

Access a complimentary copy of Gartner’s 2018 Magic Quadrant for Mobile App Development Platforms here.

Part of Oracle Cloud Platform, Oracle Mobile Cloud is a complete multi-channel platform managed by Oracle to help developers and enterprises engage intelligently and contextually with customers, business partners and employees through the end user’s channel of choice. It offers no-code solutions and enables customers to deliver engaging, personalized digital experiences that will delight customers across multiple channels. Not only can customers engage via mobile and web channels, but now take advantage of the next leap in technology—artificial intelligence—for all platforms and intelligent bot services. In addition to providing a platform to build engaging experiences across mobile, bots and web, users also get actionable insights via analytics that provide deep understanding of user adoption behavior and app performance across platforms, so businesses can personalize engagement and ensure that everything is running at peak performance. The platform also enables enterprises to connect all backend applications, a key factor to creating a holistic engagement strategy.

1. Source: Gartner, Magic Quadrant for Mobile App Development Platforms, Jason Wong, Van L. Baker, Adrian Leow, Marty Resnick, 17 July 2018

2. Source: Gartner, It's Time for App Leadership to Reframe Mobile App Development Decisions, Marty Resnick, Adrian Leow, Jason Wong, 28 February 2018

3. Source: Gartner, Technology Insight for Multiexperience Development Platforms, Jason Wong, Van L. Baker, William Clark, Adrian Leow, Marty Resnick, Mark Driver, Magnus Revang, Rob Dunie, 21 February 2018

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Contact Info
Jesse Caputo
Oracle
+1.650.506.5967
jesse.caputo@oracle.com
Nicole Maloney
Oracle
+1.650.506.0806
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.

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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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Jesse Caputo

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Nicole Maloney

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UW Health Selects Oracle Cloud Applications

Wed, 2018-08-01 07:00
Press Release
UW Health Selects Oracle Cloud Applications Enhanced business visibility and agility help rapidly growing healthcare organization meet escalating demand and improve patient outcomes

Redwood Shores, Calif.—Aug 1, 2018

UW Health, the integrated health system of the University of Wisconsin-Madison, has selected Oracle Cloud for its enterprise resource planning (ERP) system, which includes Financials, Supply Chain and Human Capital Management. With Oracle Cloud Applications, UW Health can increase business agility, optimize the delivery of healthcare services and improve patient outcomes.

UW Health serves more than 600,000 patients annually, with 1,500 physicians and 17,000 staff at seven hospitals and 87 outpatient clinics. To meet growing demand for its nationally recognized regional health system, UW Health needed to replace its 20-year old legacy systems with one unified cloud-based ERP platform for financials, supply chain management and human resources to support its current and future needs.

“Technology and regulations have accelerated the rate of change in the healthcare industry and our legacy business systems were struggling to keep up,” said Elizabeth Bolt, senior vice president and chief operating officer, UW Health. "To ensure we could continue to deliver the best quality services as we grow, we needed agile systems that can quickly turn data into insight. Going forward, we will manage all of our HR, supply chain and financial data on a single integrated platform.”

“Healthcare organizations operate in a very dynamic environment, with changing regulations, best practices and technologies,” said Rick Jewell, senior vice president of applications development, Oracle. “With Oracle Cloud Applications, the UW Health team will always be on the latest version of our business apps enabling them to benefit from innovative new features that will enhance business agility and productivity, and, most importantly, improve patient care.”

Contact Info
Bill Rundle
Oracle
650.506.1891
bill.rundle@oracle.com
About UW Health

UW Health is the integrated health system associated with the University of Wisconsin-Madison serving more than 600,000 patients each year in the Upper Midwest and beyond with approximately 1,500 physicians and 17,000 staff at six hospitals and more than 87 outpatient sites. UW Health is governed by the UW Hospitals and Clinics Authority and partners with UW School of Medicine and Public Health to fulfill their patient care, research, education and community service missions.

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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Bill Rundle

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Oracle Named a Leader in Digital Experience Development Platforms by Leading Industry Analyst Firm

Thu, 2018-07-26 07:00
Press Release
Oracle Named a Leader in Digital Experience Development Platforms by Leading Industry Analyst Firm Oracle recognized among vendors that enable developers to build a portfolio of digital experiences

Redwood Shores, Calif.—Jul 26, 2018

Oracle today announced that Forrester Research has named Oracle a leader in its “The Forrester Wave™: Digital Experience Development Platforms, Q2 2018” report. This placement confirms the exceptional growth of Oracle Mobile Cloud and Oracle’s innovative no-code solution that leverages the latest emerging technologies to help developers create a unified multi-channel digital experience across platforms.

“We believe this recognition by Forrester is further validation of Oracle’s commitment to building a comprehensive suite that enables enterprises to create unique, personalized digital experiences across web, mobile and chatbots,” said Suhas Uliyar, vice president, product management, Oracle. “Users have a variety of choices in the way they engage content and enterprises can’t assume stakeholders interact on any one particular channel. Using Oracle Mobile Cloud, customers can build across multiple channels and derive insights on usage and adoption across these to personalize end user engagement.”

In the report, Forrester utilized 33 criteria to evaluate nine digital experience development platform vendors, grouping these evaluations into three main categories, including: current offering, strategy, and market presence.

The author of The Forrester Wave™, Michael Facemire wrote: “Oracle has seen great adoption of its Mobile Cloud Enterprise platform since building it from the ground up in 2014. Oracle has added to this cloud-first platform with front-end tooling around web, chat, and low-code options. A unified programming model has allowed Oracle to build solid tooling (Visual Builder Cloud Service) to expose these components to a larger audience without going down the proprietary path where other vendors have stumbled in the past.”

Working with Oracle, Mutua Madrid Open became the first ATP World Tour Masters 1000 and Premier WTA tournament to offer fans an AI-equipped chatbot, “MatchBot,” for event information, including results, services, parking and more. “We wanted to position the Mutua Madrid Open as the tournament of the 21st century,” said Gerard Tsobanian, president and CEO, Mutua Madrid Open. “Development of the MatchBot using Oracle Mobile Cloud positions us at the forefront of technology and innovation. With this new technology, we were able to provide visitors with an amazing experience—a pleasant, simpler, and faster way to get the information they wanted about the tournament.”

Part of Oracle Cloud Platform, Oracle Mobile Cloud is a complete multi-channel platform managed by Oracle to help developers and enterprises engage intelligently and contextually with customers, business partners and employees through the end user’s channel of choice. It enables customers to deliver engaging, personalized digital experiences that will delight customers across multiple channels. Not only can customers engage via mobile and web channels, but now take advantage of the next leap in technology—artificial intelligence—for all platforms and intelligent bot services. In addition to providing a platform to build engaging experiences across mobile, bots and web, users also get actionable insights via analytics that provide deep understanding of user adoption behavior and app performance across platforms, so businesses can personalize engagement and ensure that everything is running at peak performance.

Contact Info
Jesse Caputo
Oracle
+1.650.506.5967
jesse.caputo@oracle.com
About Oracle

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

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

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Jesse Caputo

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Oracle TimesTen Scaleout Sets New Performance Standard for In-Memory Databases

Wed, 2018-07-25 07:00
Press Release
Oracle TimesTen Scaleout Sets New Performance Standard for In-Memory Databases World’s fastest transaction processing database delivers unmatched speed and scalability for extreme OLTP applications, such as real-time trading, real-time telecommunications billing, IoT, and real-time fraud detection

Redwood Shores, Calif.—Jul 25, 2018

Empowering global organizations to manage growing transaction workloads, Oracle today announced Oracle TimesTen Scaleout, the world’s fastest Online Transaction Processing (OLTP) database. Oracle TimesTen Scaleout, built on a proven enterprise architecture, is capable of massive scaleout, extreme transaction processing throughput, and ultra-low response times.

TimesTen Scaleout was designed specifically to address real-time business workloads that handle an immense volume of data transactions, such as real-time trading, real-time telecommunications billing, IoT, and real-time fraud detection. Delivering breakthrough high throughput read and write speeds, TimesTen Scaleout achieves an impressive 144 million SQL transactions/second and 1.2 billion SQL statements/second running the Telecom Provider Throughput Benchmark (TPTBM) on commodity hardware.

"We are proud to announce the release of TimesTen Scaleout, a new scaleout in-memory database for OLTP workloads," said Andrew Mendelsohn, executive vice president, Oracle Database.  “Since it is based on the mature and time-tested TimesTen In-Memory Database, TimesTen Scaleout has both extensive sophisticated functionality, as well as incredible performance. This scaleout architecture is designed for extreme performance OLTP workloads and further extends Oracle's in-memory database technology leadership."

Built on Oracle’s unmatched experience delivering industrial-strength database offerings, Oracle TimesTen Scaleout offers always-on operations and instant scalability. It includes a highly available architecture with multiple active copies of data that are automatically kept in sync. Queries and transactions can be initiated from, and executed on, any replica, ensuring database users always have access to data. With instant scalability, organizations can expand or shrink database instances and resources as business demands change.

“Our marketing service system was successfully deployed under the new TimesTen Scaleout architecture with almost no application code changes,” said Tang Tang, head of the construction and maintenance department at Chongqing Mobile (China Mobile). “The entire system has not only improved performance by more than three times, but also successfully supported a number of new high concurrency business modules. This fully demonstrates that Oracle TimesTen Scaleout is an excellent distributed relational in-memory database product for OLTP SQL-based applications.”

“Processing business transactions with large workloads with speed and agility is critical for making real-time business decisions, particularly those related to connected IoT devices, fraud detection and billing,” said Julian Dontcheff, Global Oracle Technology Lead for Accenture. “Having teamed with Oracle for more than two decades to deliver the latest technology innovations to our joint clients to help them accelerate digital transformation, we look forward to leveraging TimesTen Scaleout as an important component of our data architecture toolkits.”

Oracle TimesTen Scaleout supports parallel SQL execution, global secondary indexes, and full-featured multi-statement distributed transactions. It features Oracle Database compatible data types, languages, and APIs, including SQL and PLSQL, the Oracle Call Interface (OCI), JDBC, among others. The system also allows for multiple data distribution options to accommodate a wide variety of application requirements and provides centralized management capabilities that can be accessed via Oracle SQL Developer.

TimesTen Scaleout is just the latest Oracle database innovation. To learn more about recent database solutions, including the Oracle Autonomous Data Warehouse, please visit here.

Oracle Data Management

Oracle provides the industry's most complete family of data management software products: Oracle RDBMS, Oracle TimesTen Scaleout In-Memory Database, Oracle NoSQL Database, MySQL, and Berkeley DB.  Oracle's new Autonomous Database Cloud provides the industry's first self-driving, self-securing, and self-repairing database cloud service. It's built on unique Oracle data management technologies, including Oracle Exadata Database Machine, Oracle Database 18c, Oracle Real Application Clusters, and Oracle Multitenant, plus algorithms using artificial intelligence to make it autonomous.

Contact Info
Dan Muñoz
Oracle
+1.650.506.2904
dan.munoz@oracle.com
Nicole Maloney
Oracle
+1.650.506.0806
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.

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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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Dan Muñoz

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Nicole Maloney

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Oracle Retail Breaks Down Inventory Barriers with Cloud Service

Wed, 2018-07-25 07:00
Press Release
Oracle Retail Breaks Down Inventory Barriers with Cloud Service Inventory Cloud Service Enables Retailers to Connect Customers with Items, Sizes, and Colors, No Matter Where the Item Resides

Redwood Shores, Calif.—Jul 25, 2018

To empower retailers to more easily track, access and manage inventory in store Oracle Retail has introduced a new Store Inventory Operations Cloud Service. By providing the ability to view inventory by size, color and other key attributes, the Oracle Retail Cloud Service helps retailers improve customer satisfaction and fulfill demand regardless of channel.

“With Oracle Retail Store Inventory Operations Cloud Service, we are providing retailers with the ability to have real-time inventory visibility to enable core merchandising operations, ecommerce and order management” said Jeff Warren, vice president, Oracle Retail. “The integration points provide the level of inventory visibility and fulfillment transparency that makes a tremendous difference to the customer and to the business.”

For fashion retailers, customer satisfaction often comes down to simply being able to locate and deliver an item in the size and color that the customer wants. Traditionally, store associates endeavor to fulfill customer requests for an elusive size, or color, by looking online or calling fellow stores. This process can be time-consuming and ineffective, consuming resources across a business that already operates on narrow margins.

Oracle Retail Store Inventory Operations Cloud Service solves this problem and provides the retail community with:

  • “Store Up” Vs “Warehouse Down” Approach to Inventory Management: By providing the ability to have visibility into inventory at a detailed level within the store, combined with a view of warehouse inventory, the Oracle Retail Store Inventory Operations Cloud Service enables stores to influence inventory sell through by requesting it directly from the warehouse.

  • Item Visibility by Size, Color, and Location. The Oracle Retail Store Inventory Operations Cloud Service is designed to address fashion or hardline retailers’ unique need for item visibility, and caters to them by enabling identifying items at the color and size level as well as by the item’s exact location within stores across the store network.

  • Access to Item Inventory Positions Across All Locations, to Meet Fulfillment for All Channels. With visibility to where an item resides, comes the ability to drive increased customer satisfaction, complete customer transactions and fulfill orders quickly and efficiently. While retailers often are asked to find and ship an item to customers, the task can consume an inordinate amount of time and resources with a lack of connectivity and transparency. By streamlining inventory management at the store, the Oracle Retail solution helps retailers to improve customer service and drive increased profitability.

  • Mobile, Intuitive User Interface Reduces Training for Store Associates. Oracle Retail Store Inventory Operations Cloud Service is designed to drive increased efficiencies across the store inventory processes. The intuitive user interface can reduce training time, and increases productivity and return on employee investment at a faster rate than ever before.

  • Faster Rollout, Lower Total Cost of Ownership. Oracle Retail Store Inventory Operations Cloud Service provides retailers the ability to deploy the store inventory solution faster, while taking advantage of future investment through frequent service updates.  The Store Inventory Operations Cloud Service plays a key role in Oracle Retail’s overall commitment to ensure a timely, common view of inventory across the retail network—an imperative for successful omnichannel fulfillment.

Contact Info
Matt Torres
Oracle
415-595-1584
matt.torres@oracle.com
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.

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.

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Matt Torres

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Banks to Offer Greater Insight into Accounts for Global Corporate Customers with Oracle

Tue, 2018-07-24 07:00
Press Release
Banks to Offer Greater Insight into Accounts for Global Corporate Customers with Oracle New Oracle Banking Virtual Account Management simplifies transaction banking, enables operational efficiencies

Redwood Shores, Calif.—Jul 24, 2018

Oracle Financial Services new platform enables banks’ corporate customers to more efficiently manage and monitor their banking accounts. As corporate businesses expand globally, their operations become exponentially more complex. They often have many separate accounts that are used to process accounts payable and receivable and in multiple currencies, for example. They also must contend with dynamic market conditions and evolving regulatory requirements. Oracle Banking Virtual Account Management helps corporate businesses rationalize their complex accounting structures and simplify account management processes, such as a centralizing their accounts using virtual account management (VAM). VAMs are non-physical accounts that can be used by corporate businesses to optimize their working capital processes. With Oracle’s VAM solution, banks can leverage a Virtual Account Identifier and gain the flexibility to maintain different rules for different corporate customers.

“Oracle is committed to building industry-first corporate banking capabilities that are digitally- enabled and exclusively designed for corporate banks,” said Chet Kamat, Senior Vice President, Banking, Oracle Financial Services. “To strengthen the relationship with their corporate customers, banks need to offer smarter transaction banking alternatives. Virtual accounts are an ideal way to give corporate customers access to real-time information and enable faster decision-making.”

Oracle Banking Virtual Account Management solution enables banks to centralize cash and liquidity and better manage transaction flows for corporate customers. This reduction in account complexity provides greater visibility and control of assets. Oracle’s VAM solution can facilitate easy segregation of inflow and outflow of funds and enables seamless and efficient reconciliation, which allows corporate customers to optimize working capital in a cost-effective manner. With Virtual Account Identifiers banks can enable corporate customers to set up their own rules for payment routing that best suits their business needs. Corporate businesses can now easily identify the paying customer and the purpose of payments.

The solution also enables banks to provide their customers the ability to define and manage their banking account structure at their convenience, in real-time. Customers can take charge of account structures across business units, geographies, and enjoy a friction-free banking experience. The solution also offers RESTFul APIs enabling banks to provide user experiences specific to customer needs.

Oracle Banking Virtual Account Management is pre-integrated with Oracle Banking Liquidity Management, Oracle Banking Payments and Oracle FLEXCUBE, which will helps banks offer comprehensive support for virtual accounts. The solution is also capable of working with any core banking system and banks can easily interface with corporate ERP systems and configure their customers’ banking requirements based on distinct needs.

Contact Info
Judi Palmer
Oracle Corporation
+1 650 607 6598
judi.palmer@oracle.com
Brian Pitts
Hill+Knowlton Strategies
+1 312 475 5921
brian.pitts@hkstrategies.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.

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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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Judi Palmer

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Brian Pitts

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Retail Consult Becomes Oracle PartnerNetwork Platinum Level Partner

Tue, 2018-07-24 07:00
Press Release
Retail Consult Becomes Oracle PartnerNetwork Platinum Level Partner Oracle Recognizes Retail Consult for Their Track Record of Success to Deliver Global Retail Transformation

Redwood Shores, Calif.—Jul 24, 2018

Retail Consult, a highly specialized group focused on technology solutions for retail, has achieved Platinum partner status in Oracle Partner Network (OPN).  By attaining Platinum level membership, Oracle has recognized Retail Consult for its in-depth expertise and excellence in delivering the Oracle Retail Solution Portfolio.

Retailers are under pressure to transform their business with solutions that will help them stay ahead of the competition. Retail Consult has demonstrated an extremely high success rate helping clients to successfully overcome the inherent risks with digital transformation projects.  Retail Consult provides solutions strategy, implementation, deployment, training and support services. These services combined with the depth and breadth of the Oracle Retail solutions has been a recipe for client success around the world.

Retail Consult has established its depth and breadth of the expertise across the Oracle Retail portfolio including Oracle Retail Merchandise Operations Management, Oracle Retail Planning and Optimization, Oracle Retail Supply Chain Management, Oracle Retail Omnichannel, Oracle Commerce and Oracle Retail Insights. Many of Retail Consult’s resources are trained and certified to implement Oracle’s state-of-the art solutions that uniquely addresses the challenges of retailers today.

“The breadth and depth of the Oracle Retail solution, combined with our retail business and technology expertise deliver an unbeatable combination for client success in their retail transformation projects,” Silvia Gomes, Partner, Retail Consult.

“Retail Consult is a valuable partner to Oracle Retail. They have a proven track record of success delivery to our customer base,” said Jeff Warren, Vice President of Solution Management, Oracle Retail. “Retail Consult consistently contributes to the growth and education of our community.”

Examples of Exceptional Delivery of the Oracle Retail solutions by Retail Consult include:

 

With its Platinum status, Retail Consult, receives the high level of engagement, commitment and resources available to OPN partners. Platinum members receive dedicated virtual account management support to build joint development plans and help broaden Specialization areas and revenue opportunities.  Additional benefits include priority placement in the OPN Solutions Catalog, one free application integration validated by Oracle, joint marketing and sales opportunities, discounted training and more. For more information about the benefits of becoming an OPN Platinum level partner, please visit: http://www.oracle.com/us/partnerships/index.htm

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

Retail Consult is a group of professionals who specialize in technology solutions for retail, offering clients global perspective and experience with operations in Europe, North, South and Central America. Retail Consult provides solutions strategy, implementation, deployment, training and support services. They serve clients across a range of retail segments including fashion, grocery, pharmacy, do it yourself, telecommunications, and electronics. In size, their clients range from regional, privately held companies to global retailers deploying multiple brands. Retail Consult is unique because they have an extremely high success rate for implementing Oracle Retail Solutions. Their values and mission drive them to be a strategic partner to all clients. http://www.retail-consult.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 PartnerNetwork

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

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Matt Torres

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Foodation Selects Oracle Food and Beverage to Drive International Growth and Innovation

Tue, 2018-07-24 07:00
Press Release
Foodation Selects Oracle Food and Beverage to Drive International Growth and Innovation Oracle Hospitality Simphony Cloud Helps Streamline Business Operations, Accelerate Speed of Service, and Enhance Customer Experience

Redwood Shores, Calif.—Jul 24, 2018

Foodation, an Italian company that specializes in designing and developing fast-casual restaurants across Europe, has chosen Oracle Hospitality Simphony Cloud for its restaurants, including the popular Briscola Pizza Society, Polpa Burger Trattoria and Mariù Italian Kebab. With 10 restaurants and plans for international expansion, Foodation needed a technology platform that could support the strategic growth of its business and offer a single view of operations across all of its restaurants. Additionally, the company wanted to increase operational efficiency through centralization, improve functionality and modernize the customer experience.

“Over the next five years, we not only plan to expand our business internationally, but we also want to position our brands as the go-to restaurants across Europe, and Oracle Hospitality Simphony Cloud is helping us to achieve this goal,” said Riccardo Cortese, CEO of Foodation. “Oracle Simphony Cloud provides us with a reliable and trusted foundation for growth and enables us to streamline our operations with one single view of business. Before the implementation, we only had insight into business operations data on a weekly basis, but now, using the simple, easy-to-use Oracle Micros InMotion app, we have a single view of all of our restaurants that we can view as frequently as we like.”

Oracle Simphony Cloud provides Foodation with one centralized system to manage operations across all six brands, allowing centralized reporting and auditing for the management team, together with drill-down capabilities to real-time order-specific information. This minute-by-minute detail enables maximized revenue and profitability. In addition, Oracle Simphony Cloud integrates all digital channels, such as mobile payment, mobile ordering and mobile applications, for one centralized view of the customer, helping to accelerate speed of service and enhance the overall customer experience.

“In today’s competitive market, restaurants are challenged to operate not only faster, but smarter, in order to meet customer’s rising expectations,” said Chris Adams, vice president strategy, Oracle Food and Beverage. “Oracle Simphony Cloud enables business operations to flow more cohesively, efficiently and profitably while greatly enhancing the overall customer experience.”

For more information learn how Foodation Serves Up A Growing Pizza Enterprise with Oracle Simphony, One Slice at a Time.

Contact Info
Matt Torres
Oracle
4155951584
matt.torres@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.

About Oracle Food and Beverage

Oracle Food and Beverage, formerly MICROS, brings 40 years of experience in providing software and hardware solutions to restaurants, bars, pubs, clubs, coffee shops, cafes, stadiums, and theme parks. Thousands of operators, both large and small, around the world are using Oracle technology to deliver exceptional guest experiences, maximize sales, and reduce running costs.

For more information about Oracle Food and Beverage, please visit www.Oracle.com/Food-Beverage

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Matt Torres

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Corporate Banks Can Drive Greater Digital Customer Engagement with New Oracle Solutions

Tue, 2018-07-24 07:00
Press Release
Corporate Banks Can Drive Greater Digital Customer Engagement with New Oracle Solutions New Corporate Banking Solutions Enable Smarter Operations for Credit Facilities, Corporate Lending and Trade Finance

Redwood Shores, Calif.—Jul 24, 2018

Oracle Financial Services launched three new corporate banking engagement solutions designed to meet the needs of banks looking to digitize their processes. Oracle Banking Credit Facilities Process Management, Oracle Banking Corporate Lending Process Management and Oracle Banking Trade Finance Process Management can enhance banks’ customer relationships, improve staff productivity and reduce costs.

“Oracle has long been committed to providing the banking sector with innovative financial solutions,” said Chet Kamat, Senior Vice President, Banking for Oracle Financial Services. “Harnessing the power of digitization for corporate banking operations is a step towards enabling banks to deliver exceptional value to their corporate customers. We have equipped them with purposeful insight for better decision-making, enabled standardization of processes to enhance distinct operational capabilities, and empowered them with real-time collaboration and intelligent automation to achieve higher levels of efficiency.”

The traditional approach in corporate banking has been largely concentrated on product processor-oriented work, backed by reams of paperwork. The new solutions will combat labor-intensive processes and digitize them.

Accelerate Digitization

With the launch of Oracle Banking Credit Facilities Process Management banks can accelerate credit origination and servicing, pre-qualify credit lines, track exposures to customers in real-time, and mitigate business risks.

Oracle Banking Corporate Lending Process Management enables banks to meet customers’ on-demand and custom financing needs by accelerating the process of loan origination, servicing and closure.

Oracle Banking Trade Finance Process Management helps banks manage the end-to-end trade finance lifecycle for a wide range of trade services such as guarantees, documentary credit and collections.

Oracle’s corporate banking engagement solutions offer greater productivity for banks with many key features:

  • Host-agnosticism
  • Configurable workflow automation
  • Role-based dashboards
  • Intuitive UI
  • Multi-device support
  • Extensibility
  • Real time alerting
  • Reporting
 

In addition, widgets provide intelligent operational and analytical data addressing the needs of sales, operations, risk and legal teams. These solutions are also capable of exposing APIs and providing a front-to-back integration, which enables banks to build an extensible banking platform and enhance their service offerings.

Contact Info
Judi Palmer
Oracle Corporation
+1 650 784 7901
judi.palmer@oracle.com
Brian Pitts
Hill+Knowlton Strategies
+1 312 475 5921
brian.pitts@hkstrategies.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.

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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.

Talk to a Press Contact

Judi Palmer

  • +1 650 784 7901

Brian Pitts

  • +1 312 475 5921

SOCAR Accelerates International Expansion with NetSuite

Mon, 2018-07-23 15:00
Press Release
SOCAR Accelerates International Expansion with NetSuite Car sharing startup scales its business with successful launch in Malaysia

KUALA LUMPUR—Jul 23, 2018

SOCAR, a South Korean car sharing startup, has implemented Oracle NetSuite to support its rapid growth and international expansion. With NetSuite, SOCAR has been able to successfully launch its service in Kuala Lumpur, Malaysia, and scale its business to support rapidly growing demand that has seen 72,000 new members added in just five months at the end of January this year. SOCAR has also seen over 24,000 usage hours recorded on its platform per month from Malaysia to date.

First launched in South Korea in 2011, SOCAR is an on-demand, keyless car sharing service that offers customers the convenience of a car without the commitment of ownership. With the SOCAR mobile app, customers can book a car, from anywhere and at any time, and then use it to meet their individual transport needs. After signing up more than 3.4 million members in South Korea and offering over 8,200 cars in 3,200 zones throughout the country, SOCAR decided to launch its service in Kuala Lumpur in January 2018. By partnering with the local government to strategically place cars at major public transport hubs, SOCAR has grown rapidly. To manage this growth and the complex requirements of its business model, SOCAR selected NetSuite.

“The car sharing market is rapidly growing and by reducing car ownership, it can help us live in cities with cleaner air, less traffic and more accessible parks, gyms and schools,” said Leon Foong, CEO, SOCAR. “Our business has grown rapidly in South Korea and we are seeing huge demand in Malaysia. We plan to have more than 1,000 cars available in Malaysia by the end of this year, which is a big increase from the 240 cars we started off with, and NetSuite is playing a huge role in supporting that growth.”

With NetSuite, SOCAR has been able to drive efficiencies, improve decision-making and successfully scale its business. By replacing a manual, Excel-driven process for reconciling and tracking financial transactions, NetSuite has enabled SOCAR to achieve a complete view into critical business information and efficiently manage its high volume of expenses, revenue and sales transaction data. As a result, the SOCAR accounting and finance teams now have accurate cash flow data and access to the general ledger at any time and from anywhere, which is crucial for any business to grow.

“The car sharing market will experience exponential growth in the future, with 35 million users expected to sign up for 25 million hours of driving time each month by 2021,” said Ronen Naishtein, general manager, Asia, HK and TW, Oracle NetSuite. “SOCAR is perfectly positioned to ride that growth and with NetSuite, the SOCAR team has a flexible and integrated approach to support its changing business requirements and expand into overseas markets quicker.”

Contact Info
Suzanne Myerson
Oracle NetSuite
+61 414 101 583
suzanne.myerson@oracle.com
Mizu Chitra
Text100 Singapore
+65 6603 9000
SGNetSuite@text100.com.sg
About SOCAR

SOCAR Malaysia is a car-sharing startup that aims to change the landscape of Malaysian transportation by bringing in a new era of multi-flex mobility. Prior to launching in Malaysia, SOCAR Korea has brought car-sharing to millions of South Koreans and grown its fleet to almost 10,000 cars.

SOCAR Malaysia is the company’s first overseas expansion and aims to give people the convenience of driving a car without the commitment of owning one. With its mobile application, SOCAR will make car-sharing convenient for everyone by allowing members to book and unlock cars on its platform with just a few taps. All cars on the SOCAR platform are keyless and prices are inclusive of petrol and insurance (comprehensive and personal accident coverage). SOCAR Malaysia is the fastest growing B2C car-sharing platform globally having grown its fleet from 0 to 450 cars in just 6 months. Over the next 6 months, the company aims to grow their fleet to over 1,000 cars and bring the convenience and joy of car-sharing to hundreds of thousands of members across Malaysia. Learn more at www.socar.my.

About Oracle NetSuite

For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides a suite of cloud-based applications, which includes financials / Enterprise Resource Planning (ERP), HR, professional services automation and omnichannel commerce, used by more than 40,000 organizations and subsidiaries in 199 countries and territories. For more information, please visit http://www.netsuite.com.sg.

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.

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Suzanne Myerson

  • +61 414 101 583

Mizu Chitra

  • +65 6603 9000

Oracle Expands Challenger Series with Chicago Event at XS Tennis Village

Wed, 2018-07-18 10:00
Press Release
Oracle Expands Challenger Series with Chicago Event at XS Tennis Village Free event reaffirms Oracle’s commitment to providing unparalleled opportunities for American players

Redwood Shores, Calif.—Jul 18, 2018

Continuing its strong support for American tennis, Oracle announced today it is adding a Chicago event to the Oracle Challenger Series, to be held at XS Tennis Village September 2-9, 2018 in conjunction with the Association of Tennis Professionals (ATP) and the Women’s Tennis Association (WTA).

The Oracle Challenger Series launched earlier this year with events in Newport Beach and Indian Wells, California, with the mission of providing unparalleled opportunities for up-and-coming American tennis players to secure both ranking points and prize money.

As part of Oracle’s commitment to growing the game of tennis nationally, the Oracle Challenger Series will look to make a positive impact on the communities where its events are held by donating $5,000 to the local Chicago chapter of the National Junior Tennis and Learning (NJTL) network. The NJTL provides free or low-cost tennis and education programming to more than 225,000 under-resourced youth in the United States.

“We’re adding Challenger tournaments because American tennis players need more chances to compete at home and make a career out of the sport,’’ said Oracle CEO Mark Hurd. “Oracle also wants to improve the quality of tennis. We’re deeply committed to the sport and as part of the new event in Chicago, we’re providing assistance to create better access for Americans to play tennis.’’ 

“We are thrilled to welcome the Oracle Challenger Series to Chicago this September,” said Kamau Murray, President and CEO of XS Tennis Village and Executive Director of XS Tennis and Education Foundation. “We’re proud to work with Oracle on this great event and support the incredible work that they do to promote American tennis at all levels of the game. Their commitment to the sport goes hand-in-hand with our mission at XS to provide a positive pathway to future success through tennis.”

The Chicago tournament will be a joint ATP Challenger Tour/WTA 125K Series event and pay equal prize money ($150,000 per Tour) for a total of $300,000. Both the women’s and men’s draws will consist of 32 singles players, 16 qualifying players and 16 doubles teams. The event will be free and open to the public.

The 2018-2019 Oracle Challenger Series will begin in Chicago, with additional events to be added at a later date. The Series will culminate at the 2019 BNP Paribas Open, the largest ATP World Tour and WTA combined two-week event in the world, held annually at the Indian Wells Tennis Garden, where the two American women and men who accumulate the most points over the course of the Series will receive wildcards into their respective singles main draws.

The Oracle Challenger Series builds on Oracle’s commitment to help support U.S. tennis at both the professional and collegiate level. Oracle sponsors the Oracle US Tennis Awards, two $100,000 grants awarded annually to assist young players as they transition from college into the professional ranks. In addition to sponsoring the Intercollegiate Tennis Association rankings, Oracle also hosts the Oracle ITA Masters tournament in Malibu, California and the Oracle ITA National Fall Championships which will be held at the Surprise Tennis Center in Surprise, Arizona in 2018.

For more information about the Oracle Challenger Series, visit www.oraclechallengerseries.com.

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

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

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Deborah Hellinger

  • +1.212.508.7935

V5 Systems Makes Cities Safer with Oracle Cloud

Wed, 2018-07-18 07:00
Press Release
V5 Systems Makes Cities Safer with Oracle Cloud Outdoor Industrial IoT platform company uses Oracle Cloud Infrastructure to quickly scale up security while dramatically reducing costs

Redwood Shores, Calif.—Jul 18, 2018

To help make cities safer quickly, V5 Systems has implemented Oracle Cloud Infrastructure as part of its security solution. As the pioneer of the world’s first self-powered outdoor security and computing platform, V5 Systems helps cities around the world address critical security issues.

Nestled in Silicon Valley, the City of Hayward was experiencing theft and drug crime around City Hall due to open areas and its close proximity to the main rail transportation for the Bay Area. They wanted to add in video surveillance as an added security layer but to do so needed access to power and communications. There was no fixed power or communications infrastructure where crime was happening and City Hall had just been renovated so trenching was not an option. The City of Hayward was able to implement V5 Systems’ portable video surveillance in less than 30 minutes per unit. Hayward avoided nearly $1 million in trenching fees and 911 calls dropped 60 percent within the first three months of deployment.

V5 Systems needed a cloud provider that met its needs of delivering real-time security to its customers. After reviewing a number of major cloud providers, V5 Systems discovered that although costs of most providers initially appeared low, the data retrieval and transmission costs critical to a video monitoring solution were high. With the enterprise-grade performance of Oracle Cloud Infrastructure, V5 Systems can scale-up any individual deployment if the processing and storage requirements of a security unit or customer increase, as well as scale-out capacity to serve additional customers as their needs grow. The company can better control its costs, and in turn, offer more affordable solutions to its end-customers.

“Our customers need consistent access to our service, and regularly monitor video, so outbound data performance and cost is important,” said Steve Yung, CEO, V5 Systems. “Traditionally video and sensor information has to run through multiple channels before first responders are notified. At a critical time, this delay could make a huge impact on the outcome of the security situation. The performance Oracle delivers has a significant impact on the outbound data so response time for our customers can be faster.”

V5 Systems rapidly enables and supports outdoor Industrial IoT applications. Its customers rely on V5 Systems’ mobile alerts to warn of threats and potential issues in real-time through 24/7 video analytics, AI-driven acoustic gunshot sensors and chemical detection. Several of its customers are using its application built on Oracle and V5 is in the process of transitioning other customers. Leveraging the flexibility and agility of the cloud, V5 Systems is also actively building tools that will spin up customized portals for new customers in minutes, significantly cutting down the traditionally lengthy process of configuring security.

“You can’t put a price on safety. V5 Systems has engineered a revolutionary power system that allows the ability to deploy sophisticated systems and computing systems wirelessly, in any outdoor environment,” said Kash Iftikhar, vice president of product and strategy, Oracle Cloud Infrastructure. “By leveraging Oracle Cloud Infrastructure, V5 Systems is able to deliver the reliability its customers need by conducting analytics and monitoring at the edge in record time so its customers can feel safer; all while achieving significant cost savings for its business.”

Contact Info
Danielle Tarp
Oracle
+1.650.506.2904
danielle.tarp@oracle.com
Quentin Nolibois
Burson-Marsteller PR for Oracle
+1.415.591.4097
quentin.nolibois@bm.com
About V5 Systems

V5 Systems is a ​California-based ​technology company that provides ​leading-edge ​portable, wireless, self-powered outdoor computing and security solutions for Industrial IoT applications. They deliver turnkey video surveillance and gunshot detection solutions that can be deployed in under 30 minutes per unit, while the computing platform itself can act as a host for 3rd party hardware and software integration. These solutions utilize a proprietary power management system which eliminates the need for fixed power and hard-wired communications. V5 Systems develops and optimizes all software and AI analytics to run at the edge, which is instrumental to delivering real-time information to its users. Working with state, local government, education and private enterprises V5 Systems delivers the next generation of Industrial IoT security and computing solutions to the outdoors.

About Oracle Cloud Infrastructure

Oracle Cloud Infrastructure combines the benefits of public cloud (on-demand, self-service, scalability, pay-for-use) with those benefits associated with on-premises environments (governance, predictability, control) into a single offering. Oracle Cloud Infrastructure takes advantage of a high-scale, high-bandwidth network that connects cloud servers to high-performance local, block, and object storage to deliver a cloud platform that yields the highest performance for traditional and distributed applications, as well as highly available databases.

With the acquisitions of Dyn and Zenedge, Oracle Cloud Infrastructure extended its offering to include Dyn’s best-in-class DNS and email delivery solutions and Zenedge’s next-generation Web Application Firewall (WAF) and Distributed Denial of Service (DDoS) capabilities.

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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Danielle Tarp

  • +1.650.506.2904

Quentin Nolibois

  • +1.415.591.4097

Oracle Helps Businesses Launch Mobile Marketing Faster and Easier

Tue, 2018-07-17 07:00
Press Release
Oracle Helps Businesses Launch Mobile Marketing Faster and Easier Industry’s first SMS Public Aggregator Network takes complexity out of setting up mobile marketing

Redwood City, Calif.—Jul 17, 2018

To help marketers quickly and easily source the best operator for maximizing the ROI of their mobile campaigns, Oracle Responsys introduced the SMS Public Aggregator Network (SPAN). Oracle’s SPAN is a powerful new self-service application within Oracle Marketing Cloud that makes it easier for customers to find, order, and manage SMS services directly from the aggregator of their choice.

Mobile consumer engagement has become a central tool in today’s “mobile first” economy, with messaging now a preferred channel for reaching consumers. In fact, Gartner research states “various sources report SMS open and response rates as high as 98 percent and 45 percent, respectively—in contrast to corresponding figures of 20 percent and six percent for email.[i] Integrating SMS into marketing campaigns requires finding an aggregator network that aligns with broader campaign goals. This can often be a laborious, time-consuming and complex process. But SPAN for Oracle Responsys removes this complexity by providing an easy-to-use, self-service application that enables customers to quickly and easily identify aggregator networks, based on region, price or route type.  

“Marketers want to take advantage of mobile channels, but there are often too many barriers in the way. For SMS, one of those challenges is establishing aggregator relationships, which can be a time consuming and tedious task often made worse by limited choice and flexibility,” said Tony Castiglioni, VP of Product Management, Oracle Responsys. “Our new SPAN application eases this process and gives marketers the freedom to choose and use the aggregator best aligned with their marketing needs—whether it be by price, geography, or performance.” 

With the launch of SPAN, all Oracle Responsys customers can now take advantage of SMS to reach and engage customers. The new SMS marketing capabilities build on Oracle Marketing Cloud’s commitment to help marketers convert customers across devices with orchestrated mobile marketing. In addition to the new SMS marketing capabilities, Oracle Responsys equips mobile marketers with industry-leading tools like Push, Rich Push, In-App and MMS messaging to connect with audiences across devices to drive customer engagement, retention, and grow mobile revenue.

Oracle Marketing Cloud is part of Oracle Customer Experience (CX) Cloud Suite, which 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.

For more information on the new capabilities in Oracle Marketing Cloud visit www.oracle.com/marketingcloud/index.html or read this blog.

Like this story? Tweet this: @Oracle unveils powerful new SMS marketing capabilities that help Responsys customers quickly and easily launch SMS marketing campaigns https://bit.ly/2NTBL4J

[i] Gartner Research, “Keep SMS in Your Mobile Toolbox,” Charles S. Golvin, April 2018.

Contact Info
Siobhan Lyons
Oracle
1-650-506-3753
siobhan.lyons@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.

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.

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Siobhan Lyons

  • 1-650-506-3753

Hungary’s MKB Bank Goes Fully Digital with Oracle

Tue, 2018-07-17 07:00
Press Release
Hungary’s MKB Bank Goes Fully Digital with Oracle First all digital bank in Hungary can now implement new and improved services faster

Redwood Shores, Calif.—Jul 17, 2018

MKB Bank, Hungary’s fourth largest commercial bank has today announced it is the first in the country to take a leap towards digital and open banking after transforming its entire technology system. Its transformation has included a full replacement of its core banking system, the retirement and consolidation of roughly 10 additional systems, and the modernization of its entire IT architecture.

MKB implemented Oracle FLEXCUBE, a core banking solution that has been adopted by more than 600 financial institutions around the world, as part of a broader restructuring project to streamline its internal and customer-facing operations and provide customers with more personalized services across multiple channels. MKB’s aim is to reduce its go-to-market time for new services such as corporate and retail lending, as well as digital only services, and to manage customer requests more quickly and easily. 

“It is not every day that a historically conservative medium-sized player commits its resources to modernizing its systems, changing its culture and taking a leap towards digitalization” said Ádám Balog, Chief Executive Officer, MKB. “It is through the reliability of partners like Oracle and the management of our stakeholders that we were able to make this move in such short a time.”

“Banks still have some catching up to do when it comes to serving customers. It’s time to stop resisting change and develop a model based on the way people want to interact with banking services,” said Mark Hetényi, Chief Digital, Retail and Strategy officer, MKB.This starts with a robust digital offering. We replaced our core banking platform with Oracle FLEXCUBE because it supports fully digital customer experiences.”

MKB was intent on fast-tracking its technology program. Despite having comparatively fewer resources than major global banks operating in Hungary, MKB achieved its digital transformation in just two and a half years. The average deployment for projects of this scope typically takes between four and five years.

“MKB recognized that digital services are a key differentiator. As a bank with its eyes firmly planted on the future of customer service, MKB’s bullish implementation of our flexible Oracle FLEXCUBE technology has put it in a position to pull ahead in a competitive Hungarian market,” said Sonny Singh, senior vice president and general manager, Oracle Financial Services.

Contact Info
Judi Palmer
Oracle Corporation
+ 1 650 784 7901
judi.palmer@oracle.com
Michael Ruppert
CMG
+ 44(0) 207 067 0641
mruppert@cmgrp.com
About MKB Bank

MKB Bank is a leading digital bank in Hungary, which has put open banking as one of the pillars of its strategy and believes in partnering with its customers, corporate and private banking clients, as well as the Fintech world through innovations such as its new core system and IT architecture, an innovative MKB Fintechlab ecosystem it has built, as well as its network. The bank is considering an IPO in 2019. 

For more information about MKB Bank, visit mkb.hu.

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. 

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Judi Palmer

  • + 1 650 784 7901

Michael Ruppert

  • + 44(0) 207 067 0641

Oracle Named a Category Leader for Data Integrity and Control by Chartis Research

Mon, 2018-07-16 07:00
Press Release
Oracle Named a Category Leader for Data Integrity and Control by Chartis Research Recognizes Oracle Financial Services’ Completeness of Offering and Market Potential

Redwood Shores, Calif.—Jul 16, 2018

Today Oracle Financial Services announced it has been named by Chartis Research as a Category Leader for Data Integrity and Control (DI&C) on Chartis’ FinTech Quadrant for DI&C solutions in Financial Services.

For its report Data Integrity and Control in Financial Services 2018, Chartis considered two key dimensions when evaluating vendors: completeness of offering and market potential. Oracle’s positioning in the quadrant highlights its depth and breadth of functionality, technology and content.

“We are proud to be recognized by Chartis as a category leader for our data integrity and control capabilities,” said Ambreesh Khanna, Group Vice President, Financial Services Analytical Applications, Oracle Financial Services. “As the volume of data and number of industry regulatory requirements keeps growing, financial institutions are in need of robust data governance, quality and controls more than ever before. Our placement on the quadrant re-affirms our status as a best-in-class provider with an unrivaled array of services and capabilities, and we are committed to continuously strengthening our toolset.”

By positioning Oracle as a category leader, Chartis recognizes the range and diversity of its offerings, its sector coverage, and the financial strength it has to absorb demand volatility in specific industry sectors or geographic regions. Chartis also rated Oracle for its strong alliance strategies with leading consulting firms and systems integrators.

“Oracle combines deep domain knowledge in various risk topics with strong technology assets and capabilities,” said Rob Stubbs, Head of Research at Chartis. “The company is positioned to address a range of needs, from complex risk management and technology to standardized and integrated solutions.”

The 2018 market report by Chartis examines how the dynamics in this space have shifted since its last update in 2016, and the implications for Financial Institutions and technology vendors. The FinTech Quadrant is a proprietary methodology developed specifically for the financial technology marketplace. It takes into account vendors’ product, technology and organizational capabilities.

Chartis’ FinTech Quadrant reports are written by experienced analysts with hands-on experience of selecting, developing and implementing financial technology solutions for a variety of international companies in a range of industries including banking, insurance and capital markets. The findings and analyses in the FinTech Quadrant reports reflect their analysts’ considered opinions, along with research into market trends, participants, expenditure patterns, and best practices.

More information and a copy of the full report can be found on Chartis’ website here.

Contact Info
Judi Palmer
Oracle
+1-650-607-6598
judi.palmer@oracle.com
Brian Pitts
Hill+Knowlton Strategies
+1 312 475 5921
brian.pitts@hkstrategies.com
About Chartis

Chartis is a research and advisory firm that provides technology and business advice to the global financial services industry. Chartis provides independent market intelligence on market dynamics, regulatory trends, technology trends, best practices, competitive landscapes, market sizes, expenditure priorities, and mergers and acquisitions. Chartis’ FinTech Quadrant reports are written by experienced analysts with hands-on experience of selecting, developing and implementing financial technology solutions for a variety of international companies in a range of industries including banking, insurance and capital markets.

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

Judi Palmer

  • +1-650-607-6598

Brian Pitts

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Global Businesses Turn to Oracle Blockchain Service to Speed Transactions Securely

Mon, 2018-07-16 07:00
Press Release
Global Businesses Turn to Oracle Blockchain Service to Speed Transactions Securely Arab Jordan Investment Bank, CargoSmart, and Intelipost are among early adopters of enterprise-class general ledger service

Redwood Shores, Calif.—Jul 16, 2018

Businesses around the world have been deploying an early adopter version of Oracle Blockchain Cloud Service, which becomes generally available today. The service allows organizations to easily build blockchain networks to drive more secure and efficient transactions and to track goods through supply chains on a global scale. Arab Jordan Investment Bank, CargoSmart, Certified Origins, Indian Oil, Intelipost, MTO, Neurosoft, Nigeria Customs, Sofbang, Solar Site Design and TradeFin are among the many global organizations that already have adopted Oracle’s blockchain platform.

Blockchain has the power to fundamentally transform how every industry does business by making interactions more secure, transparent, efficient and cost-effective. Oracle Blockchain Cloud Service provides customers with a development platform to build their own networks, and to quickly integrate with Oracle SaaS and third-party applications they already use, as well as other blockchain networks and Oracle PaaS services. It also enables users to provision blockchain networks, join other organizations, and deploy and run smart contracts to update and query the ledger. Oracle’s blockchain platform leverages the company’s decades of experience across industries and its extensive partner ecosystem to reliably share and conduct trusted transactions with suppliers, banks, and other trade partners through blockchain.

“Blockchain promises to be one of the most transformative technologies of our generation,” said Amit Zavery, executive vice president, Oracle Cloud Platform. “We are excited to announce the availability of Oracle Blockchain Cloud Service. It is the result of years of R&D alongside our valued partners and customers. With Oracle’s platform, enterprises can enhance their business, eliminate unnecessary processes, and transact with their distributed networks more easily, transparently and securely than ever before.”

Oracle’s blockchain platform is built on top of The Linux Foundation’s Hyperledger Fabric. It is pre-assembled with all the underlying infrastructure dependencies, container lifecycle management, event services, identity management, REST proxy, and a number of operations and monitoring tools integrated under a single console, expediting the set-up and application development process. Oracle Blockchain Cloud Service is an Oracle-managed cloud platform backed by a 99.95 percent availability SLA, with built-in high availability configuration, autonomous recovery agents, as well as continuous ledger backup capabilities that can enable multi-datacenter disaster recovery across availability domains.

It further benefits from broad capabilities in Oracle Cloud Platform for plug-and-play integration with existing cloud and on-premises applications, API management, and application development environments and tools. Additionally, Oracle is delivering new SaaS applications to use blockchain technology for common use cases, such as track and trace, provenance identification, warranty and usage, and cold chain. The plug-and-play ability with Oracle and third-party applications results in faster integration with diverse systems of record; greatly accelerating time to market and multiplying the returns from using the blockchain platform across different application use cases.

“Blockchain projects are quickly moving from pilot to production as enterprises and governments begin to see the inherent value of distributed ledgers and smart contracts,” said Robert Parker, group vice president of manufacturing and retail insights, IDC. “As spending accelerates, buyers will need an enterprise class platform beyond open source that includes data security and integrity, scalability, manageability, and interoperability.”

Quotes from Global Organizations and Consortia Using Oracle Blockchain Cloud Service

Blockchain has the power to impact almost all industries and has applicability to verticals from transportation, supply chain and logistics, energy, retail and ecommerce, to financial services, telecommunications and public sector. Organizations and industry consortia are already using Oracle Blockchain Cloud Service to help ease transactions, track goods through supply chains, and reduce costs, including global shipping leaders, multi-national manufacturers, food producers and energy marketplaces. For example, Oracle joined the Food Safety Consortium and is a member of The Alliance for Telecommunications Industry Solutions, participating in its working group on blockchain.

“Oracle’s blockchain platform has helped us minimize the complexity of electronic fund transfers by reducing cost, increasing efficiency and security levels, and ultimately improving the overall customer experience,” said Ayman Qadoumi, A. Deputy General Manager, Information Technology and Security, Arab Jordan Investment Bank. “The built-in features such as identity management and data encryption made it an ideal choice given our industry requirements and compliance needs. Additionally, the REST APIs helped us and our vendors accelerate application development and integration with existing core services.”

“We are using Oracle Blockchain Cloud Service to develop an application to help simplify the complex documentation processes that plague the shipping industry,” said Steve Siu, CEO, CargoSmart. “Its comprehensive nature has allowed us to quickly turn prototypes into viable products in several 12-week sprints and so far, we have seen proven productivity gains of more than 30 percent compared to other blockchain platforms we tested. Another key purchasing requirement were its integrated management and operations tools, which allow business partners to monitor all of their blockchain activities and the health of the network.”

“As the producer of Extra Virgin Olive Oil from fruits grown in small family farms in Italy, we wanted to trace our product that we sell in the US market branded Bellucci Evoo across the entire supply chain – ‘from the tree to the shelf,’” said Andrea Biagianti, CIO of Certified Origins. “The availability of Oracle’s blockchain service simplifies the implementation and collaboration of all parties included, and represents a real competitive advantage for us. It adds a further level of transparency and information that is valuable for consumers looking for quality products and helps us to support the excellence of the small farms.”

Dr. Terence Lau, Convener of the Food Safety Consortium (FSC), welcomed Oracle as a Corporate Member of the non-profit technology development platform established by The Hong Kong Polytechnic University. “FSC is committed in advancing global food safety with science and technology,” said Dr. Lau. “With an increasing demand on multidisciplinary expertise in tackling challenges in food safety and quality, FSC is delighted to partner with Oracle to leverage blockchain, big data, and other IT applications to provide better food provenance, tracking and safety. We look forward to exploring Oracle Blockchain Cloud Service to improve and accelerate the Food Safety initiative in Hong Kong, as well as globally.”

“Companies are increasingly testing and seeing the value blockchain technologies can offer their organizations, from streamlining internal processes to building trusted networks with partners, customers and third parties,” said Brian Behlendorf, Executive Director, Hyperledger. “Based on Hyperledger Fabric, Oracle’s platform, with its support for interoperability with non-Oracle Hyperledger Fabric instances, will help build further support for open standards and interoperability, while illustrating how quickly, easily and securely businesses can begin utilizing blockchain to improve business processes.”

“Oracle’s blockchain platform is agile, easy to develop on and its enterprise-grade scalability makes it an ideal choice for deploying blockchain platforms rapidly,” said Juan José Miranda, blockchain project manager, Magia.Digital. “Based on our experience with the platform, we even chose it as our main development platform for the New York Consensus’ Hackathon 2018. With its features, we were able to impress the judges and ultimately be named winner of the contest.”

“Once we decided that blockchain would be the ideal technology to help bring our ‘From Mileage to Opportunity’ – M2O – loyalty program to life, we went through a rigorous approach to find the right vendor,” said Suwan Kim, CEO, MTO. “We were confident that Oracle’s pre-assembled blockchain cloud service could quickly help us realize a trusted platform that empowers users to convert credit card points and air miles to tokens. It also provides us with easy, ongoing management and all the underlying security, scalability, and resilience that are needed for a production solution like this.”

“We used Oracle’s blockchain to build a trusted platform for the automation of Customs Excise Trade business processes and procedures,” said Aber T Benjamin, Assistant Comptroller General Modernization, Nigeria Customs Service. “Using this technology, we found the entire business environment can be migrated to blockchain to automate processes and create transparency and predictability. Once the transition to blockchain is completed, NCS expects revenue growth increase of about 50 percent. This technology helps our organization to build global trust for Nigerian businesses through irrefutable data on goods manufactured in the country.”

“Using Oracle’s blockchain platform in factoring and supply chain finance seems a natural fit that enables us to go from a fragmented process along heterogeneous systems to a common base, that can be trusted by all, used as a reference, resolve conflicts and streamline processes,” said Nikolaos Vasilonikolidakis, CEO, Neurosoft. “Risk mitigation in factoring is paramount and Oracle’s blockchain brings common consensus that helps settle transactions in near real-time.”

“Oracle’s blockchain platform is enabling Sofbang to build smart contract supply chain solutions for our customers,” said Michael Ribet, product development manager, Sofbang. “We’re delighted with the rich functionality, robust scalability of the service and how it’s designed to integrate blockchain technology with current business critical applications seamlessly. Our customers are anticipating up to 35 percent efficiency gains by communicating more reliably and rapidly with their trading partners through Oracle Blockchain Cloud Service.”

“We helped found the Energy Blockchain Network earlier this year after realizing stakeholders in the solar project ecosystem needed a single source of truth with immutable records, so they can trust project status data,” said Jason Loyet, CEO of Solar Site Design. “We can now program each project’s status, list requirements to move forward, and rewards value contributions in near real-time. We are really happy with how easily NetSuite SuiteCloud Development Platform and Oracle‘s blockchain platform integrate with pre-packaged blockchain APIs, allowing us to explore new ways to develop smart contracts, manage the projects and reward programs.”

“As a company dedicated to making business-to-business payments and supply chain finance secure, frictionless and ubiquitous using blockchain, we are able to significantly accelerate the time to onboard corporations, their suppliers and banks by using Oracle’s blockchain platform,” said Amit Baid, CEO, TradeFin. “It provides a REST API-driven platform with rich integration options in Oracle Cloud Platform, allowing us to quickly onboard existing customers. Additionally, Oracle Scaleup Ecosystem provides access to the platform itself, cloud credits, mentoring, and a number of Oracle resources that can help start-ups like ours grow quickly.”

Contact Info
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
Jesse Caputo
Oracle
+1.650.506.5697
jesse.caputo@oracle.com
About Oracle

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

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

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Nicole Maloney

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Jesse Caputo

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Media Agencies Conquer Industry Transparency Issues with NetSuite

Wed, 2018-07-11 08:00
Press Release
Media Agencies Conquer Industry Transparency Issues with NetSuite Forthea Interactive and MediaMax Focus on Creativity and Clients by Eliminating Business Process Complexity

San Mateo, Calif.—Jul 11, 2018

To focus time on rapidly changing client needs, boutique media agencies are selecting Oracle NetSuite to scale their business, without sacrificing creativity. For example, Forthea Interactive and MediaMax implemented Oracle NetSuite to gain a source of efficiency across their growing businesses and provide the support, transparency and creativity that clients demand.

Forthea Interactive Balances Data and Creativity With the Help of the Cloud

Founded in 2006, Forthea Interactive specializes in SEO, pay per click, web analytics, website design and social media marketing. The company prides itself on building successful campaigns for its clients by balancing the creative with the analytical. To help achieve this balance and drive results for clients, Forthea Interactive leverages NetSuite for financial management, customer relationship management (CRM) and project management. With NetSuite, Forthea Interactive has a modern, unified system to integrate its services and finance operations. As a result, collaboration and creativity are able to thrive.

“Marketing is very messy. There is so much data being collected that it’s hard to keep track and it can feel like drinking from a fire hose,” Chris Pappas, founder and CEO, Forthea Interactive. “In order to be more accountable to our clients, we had to be more organized and that’s where NetSuite comes in. NetSuite has provided us with a 360-degree view of our business. This allows us to easily track everything we need to do in order to run efficiently and successfully, and that ultimately helps enhance our client relationships.”

MediaMax Uses NetSuite From the Start to Help Manage Advertising Solutions and Processes

MediaMax provides geo-targeted print, data and digital advertising solutions for national brands, regional marketers, and SMBs across the US and Canada. To help support its continued growth and successfully manage data for its more than 1,000 customers, MediaMax utilizes NetSuite OneWorld for financial management, client management, and post-sale operations. NetSuite continues to be a critical platform and has played an integral part of the company’s infrastructure since the company’s inception in 2003.

“As the media world continues to transform at an unprecedented rate, we have to ensure we keep up,” said Charles Wirth, COO and CFO, MediaMax. “With NetSuite, we worry less about any of our key business processes, even as we continue to grow. What this allows us to do is spend time creating new products, focusing on creative solutions, and most importantly driving results and value for our clients.”

“We know the pressure media agencies are under. They need to deliver the transparency clients are now requiring while maintaining their creative culture,” said Chris Hering, Director of Advertising & Media Product Marketing, Oracle NetSuite. “NetSuite helps boutique media agencies like Forthea Interactive and MediaMax by streamlining agency workflows, allowing them to gain real-time insight into client and project-based accounting and deliver the best possible client experience.”

Oracle NetSuite will be attending AdAge’s Small Agency Conference on July 17-18, 2018 and hosting a networking breakfast. Please register here ASAP, space is limited.

Contact Info
Danielle Tarp
Oracle NetSuite Corporate Communications
650-506-2904
danielle.tarp@oracle.com
About Forthea Interactive

Forthea Interactive is a results-driven agency serving brands both locally and nationally and across many industries. To learn more visit https://www.forthea.com.

About MediaMax

Founded in 2003, MediaMax provides multi-channel, premium local advertising solutions to national brands, regional marketers and local companies in more than 100 local markets in the U.S and Canada. As the exclusive local advertising partner of Condé Nast, MediaMax delivers integrated local ad programs to more than 1,000 clients across a wide range of vertical markets including financial services, travel, healthcare, real estate, pharma, and more. To learn more visit https://mediamaxnetwork.com/.

About Oracle NetSuite

For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides a suite of cloud-based applications, which includes financials / Enterprise Resource Planning (ERP), HR, professional services automation and omnichannel commerce, used by more than 40,000 organizations and subsidiaries in 199 countries and territories.

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

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Danielle Tarp

  • 650-506-2904

Oracle Recognized as a Leader in 2018 Gartner Magic Quadrant for Access Management, Worldwide

Tue, 2018-07-10 07:00
Press Release
Oracle Recognized as a Leader in 2018 Gartner Magic Quadrant for Access Management, Worldwide Also received highest score for Global-Enterprise Use Case in 2018 Gartner Critical Capabilities for Identity Governance and Administration

Redwood Shores Calif—Jul 10, 2018

Oracle today announced that it has been named a Leader in Gartner’s 2018 Magic Quadrant for Access Management, Worldwide1. It was also given the highest product score in the Global-Enterprise Use Case in Gartner’s 2018 Critical Capabilities for Identity Governance and Administration2. Additionally, earlier this year, Oracle was named a Leader in Gartner’s 2018 Magic Quadrant for Identity Governance and Administration report for the fifth consecutive time.3

Today’s advanced security threats require proactive and intelligent automation that can quickly scale with a rapidly changing IT environment. Oracle’s security portfolio provides a comprehensive set of integrated solutions designed to help reduce the time required to respond to security threats. Oracle helps organizations predict, prevent, detect, and respond to the overwhelming number of security events that challenge IT and security operations. Oracle employs a multilayered security approach that helps organizations secure their entire cloud, including users, apps, data, and infrastructure.

“The rapid growth of users, applications, data, and infrastructure makes it hard for organizations to keep pace with the multitude of security threats,” said Eric Olden, senior vice president and general manager, security and identity, Oracle. “Using state-of-the-art machine learning and adaptive security, coupled with identity governance, Oracle’s comprehensive security platform is designed to help organizations protect data, including by limiting who has access to that data.”

According to Gartner, “Leaders in the access management market generally have significant customer bases. They provide feature sets that are appropriate for current customer use-case needs. Leaders also show evidence of strong vision and execution for anticipated requirements related to technology, methodology or means of delivery; and they show evidence of how access management plays a role in a collection of related or adjacent product offerings. Leaders typically demonstrate solid customer satisfaction with overall access management capabilities, the sales process, and/or related service and support.”

The Critical Capabilities for Identity Governance and Administration report gave Oracle the highest score for the Global-Enterprise use case. Gartner states that IGA tools “help organizations control access risks by managing user accounts and entitlements in infrastructure systems and applications enterprisewide.” The assessment highlighted 16 vendors. Gartner evaluated them against 11 critical capabilities and 4 uses cases. The capabilities were Access Certification, Access Requests, Auditing, Ease of Deployment, Entitlements Management, Fulfillment, Identity Life Cycle, Policy and Role Management, Reporting and Analytics, Scalability and Performance, and Workflow.

Download a copy of Gartner’s 2018 Magic Quadrant for Access Management, Worldwide report here.

Download a copy of Gartner’s 2018 Critical Capabilities for Identity Governance and Administration report here.

Download a copy of Gartner’s Gartner’s 2018 “Magic Quadrant for Identity Governance and Administration” here.

1. Source: Gartner, Magic Quadrant for Access Management, Worldwide, Gregg Kreizman, 18 June 2018
2. Source: Gartner, Critical Capabilities for Identity Governance and Administration, Brian Iverson, Kevin Kampman, Felix Gaehtgens, 5 June 2018
3. Source: Gartner, Magic Quadrant for Identity Governance and Administration, Felix Gaehtgens, Kevin Kampman, Brian Iverson, 21 February 2018

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Contact Info
Jesse Caputo
Oracle
+1.650.506.5967
jesse.caputo@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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Jesse Caputo

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Kristin Reeves

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Oracle Recognized as a Leader for Ninth Consecutive Time in Gartner Magic Quadrant for Digital Commerce

Tue, 2018-07-10 07:00
Press Release
Oracle Recognized as a Leader for Ninth Consecutive Time in Gartner Magic Quadrant for Digital Commerce Oracle Placed in Furthest Overall Position for Completeness of Vision in the Entire Magic Quadrant

Redwood Shores, Calif.—Jul 10, 2018

Oracle has been placed in the furthest overall position for its completeness of vision within the entire Magic Quadrant in Gartner’s 2018 “Magic Quadrant for Digital Commerce”1, which evaluated Oracle, including its Oracle Commerce Cloud. This is the ninth consecutive time that Oracle has been named a Leader in this Magic Quadrant. Oracle believes that its Leader position underscores its continued innovation in developing a modern, end-to-end digital commerce solution.

Gartner positions vendors within a particular quadrant based on their ability to execute and completeness of vision. According to Gartner, “In this fast-paced digital world, change comes quickly. This makes it paramount for vendors to understand not only the emerging market, but their clients' specific needs when it comes to offering strategy and business models. Likewise, innovation is imperative. Innovative vendors that demonstrate an understanding of the market in their offering (product) strategies and emerging business models exhibit Completeness of Vision. As a result, market understanding, offering (product) strategy, business model and innovation are all highly weighted criteria.”

This Gartner Magic Quadrant is a companion of Gartner’s “Critical Capabilities for Digital Commerce”2, in which Oracle Commerce Cloud received the highest score for Fast, Nimble Implementations use case and Oracle Commerce received the highest score for the Robust / Global Implementations use case. Oracle Commerce Cloud also scored 4.13 out of 5 for the Modular, Flexible Implementations use case.

“We are proud to be named a Leader again in the Gartner Magic Quadrant for Digital Commerce and to receive such scores for Oracle Commerce Cloud in the Critical Capabilities document. We believe it demonstrates our unrelenting dedication to innovation in digital commerce and our investment and momentum in the cloud,” said Ken Volpe, senior vice president, product development, Oracle. “We know it is critical for commerce companies to provide a seamless, end-to-end omnichannel experience to both consumers and business buyers. Oracle continues to invest in and develop the latest technology required for success in the next era of commerce, such as artificial intelligence (AI), real-time analytics, and emerging sources of data, to offer agile, scalable and data-driven digital commerce solutions that help businesses drive sales, customer loyalty and growth.”

Part of the Oracle Customer Experience (CX) Cloud, Oracle Commerce Cloud is the industry’s only unified enterprise-grade B2C and B2B commerce platform built on modern cloud architecture and deep industry expertise. With a proven heritage for performance, scalability and flexibility, Oracle Commerce Cloud empowers online businesses to take advantage of AI-powered capabilities and innovative personalization tools to turn static journeys into smart ones by delivering targeted product and content that is most relevant to the shopper’s immediate context. Recommendations utilize account data, shopper third-party data and real-time inputs to optimize outcomes and create superior consumer experiences for both first time and known shoppers to drive repeat visits, loyalty and revenue.

Part of Oracle Cloud Applications, Oracle Customer Experience (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.

Gartner positions vendors within a particular quadrant based on their ability to execute and completeness of vision. It says its evaluation criteria “emphasize the ability to develop, deploy and support a unique and compelling customer experience. They stress migration to more flexible and nimble implementation that reduces both time to market and TCO. They stress the vendor's ability to attract and develop an ecosystem of technology and service provider partners that add value to its platform.”

Download a complimentary copy of Gartner’s 2018 “Magic Quadrant for Digital Commerce” here.

[1] Gartner, “Magic Quadrant for Digital Commerce,” by Penny Gillespie, Jason Daigler, Mike Lowndes, Christina Klock, Yanna Dharmasthira, Sandy Shen, June 5, 2018. The report was previously titled Magic Quadrant for E-Commerce. In the 2010, 2008, 2007/2006 versions of the report, Oracle was listed as ATG because it acquired the company in November 2010.

[2] Gartner, “Critical Capabilities for Digital Commerce,” by Jason Daigler, Yanna Dharmasthira, Sandy Shen, Penny Gillespie, Mike Lowndes, Christina Klock, June 6. 2018

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Contact Info
Danielle Cormier-Smith
Oracle
+1.914.441.4896
danielle@positive-comms.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.

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Danielle Cormier-Smith

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French Children’s Retailer ÏDKIDS COMMUNITY Chooses Oracle Retail Cloud to Make More Profitable Inventory Investments

Mon, 2018-07-09 08:00
Press Release
French Children’s Retailer ÏDKIDS COMMUNITY Chooses Oracle Retail Cloud to Make More Profitable Inventory Investments Intuitive Planning Cloud Service Enables Retailer to Better Understand Consumer Behavior and Preferences across Brands and Store Locations

Redwood Shores, Calif.—Jul 9, 2018

Today Oracle announced that ÏDKIDS COMMUNITY has selected Oracle Retail Planning and Optimization Cloud Services to gain better understanding of their customers and their behaviors. ÏDKIDS COMMUNITY specializes in children garments and toys and operates retail brands including Okaidi, Jacadi, Obaibi and Oxybul through a network of over 1300 stores in 53 countries. Through the implementation with Oracle Retail Merchandise Financial Planning Cloud Services and Oracle Retail Assortment Planning Cloud Services, ÏDKIDS COMMUNITY will improve the buying and planning of their inventory with a better understanding of their customer behavior and expedite return on technology investment by accelerating digital transformation through cloud infrastructure. Cognira, a Gold level member of Oracle PartnerNetwork (OPN), will guide the retailer through the implementation process and cloud migration.

“Consumer behavior is shifting and we know that having tools with accurate perspective on how customers engage with our brands will ensure we’re making the right merchandising decisions. We launched a search for the right retail solution that could offer deep insights from sales and stock analysis to increase profitability and minimize unnecessary discounts across our portfolio,” said Rodolphe Even, Chief Information Officer, ÏDKIDS COMMUNITY. “After a competitive sales cycle and a detailed proof of concept, we chose Oracle Retail Planning and Optimization Cloud Services for their rich functionality and ability to scale with our business.”

“Our business teams were limited by the tools available to properly plan inventory assortments. With a modular, configured approach, the finance and planning teams can streamline into a single holistic planning process for greater efficiency and accuracy that enables more strategic merchandising investments and eliminates residual stock,” Delphine Brabant, Head of Buying/Product IT department, ÏDKIDS COMMUNITY. “Our buying and product management teams found the Oracle Retail solutions to be intuitive and easy to use.”

“We are delighted to partner with ÏDKIDS COMMUNITY on this initiative to grow their Omnichannel, multi-format business,” said Chris James, Vice President, Oracle Retail. “With Oracle Retail Cloud services at the core of ÏDKIDS COMMUNITY digital transformation project, IT teams can look forward to an investment that will continue to deliver best-of-industry practices as brands continue to grow.”

“Cognira has helped a wide variety of retailers achieve measurable benefits from retail planning, supply chain and analytic software investments and we look forward to bringing this expertise to ÏDKIDS COMMUNITY implementation,” said Hatem Sellami, Founder and Chief Executive Officer, Cognira.

Cognira successfully delivered the first cloud implementation of Oracle Retail globally at Groupe Dynamite in less than 3 months.

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.

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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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Matt Torres

  • 4155951584

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