Oracle Set to Jump Into Infrastructure-as-a-Service Cloud Market
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Oracle CEO Larry Ellison used his company's earning call as the platform to announce his company's latest cloud offering. At Oracle's upcoming OracleWorld event, Infrastructure as a Service (IaaS) will be added to Oracle's Cloud services.
"With that addition, Oracle will be providing its customers with all 3 tiers of cloud computing: Software as a Service, Platform as a Service and Infrastructure as a Service," Ellison said during the earnings call.
Oracle's SaaS services include CRM and HCM while the PaaS platform provides Java and database services.
"Our new Infrastructure as a Service offering provides secure, virtualized, compute and storage services," Ellison explained.
The IaaS offering can be provisioned inside of the Oracle Cloud or as a private managed service inside of a customer's own data center. Ellison noted that customers can move their applications back and forth between the Oracle Cloud and their own private cloud.