Oracle Corp on Wednesday said it is now offering to put all of its cloud computing technology inside its customers' data centers for an $18 million spending commitment over three years and has signed customers in Japan and Oman.
FILE PHOTO: The company logo for Oracle Corp. is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid
Cloud computing emerged more than a decade ago. Technology companies, such as Amazon.com’s Amazon Web Services, used their expertise at owning and operating data centers efficiently to rent out computing capacity and software tools to other businesses over the internet. To address those customers, all major cloud providers - including Oracle, Amazon, Microsoft Corp, Alphabet Inc’s Google and International Business Machines Corp - offer “hybrid” options to make it easier for customers to use cloud technology inside their own data centers.
Oracle, by contrast, asks for space inside a customer’s data center and drops in its own cloud hardware and software, offering all the same services as if Oracle owned the data center, and handling all maintenance. The minimum contract commitment is three years at $500,000 per month.
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