oracle top100 Oracle Enters Cloud Infrastructure BusinessOn the sidelines of the quarterly results, Oracle CEO said the company would offer its public cloud during its OpenWorld event at the end of the month.

Larry Ellison, CEO of Oracle, said a new IaaS platform would be unveiled at the upcoming OpenWorld conference. According to him, this service will provide customers access to security, the computing power of virtualized environments hosted in an Oracle datacenter.

The company will also sell software to customers who want to have similar services in their own datacenter. This will allow them to move workloads between public and private clouds.

“A lot of companies have a difficult time adapting to the next generation of technology, and those with the most are also the ones with the most to lose,” Ellison said. “You have to be willing to change the way you were doing business in the past and adapt to the new opportunities and exploit the new opportunities.”

With this next announcement, Oracle will be able to provide the three levels of cloud – covering applications through a PaaS platform in the form of Java development and database and now the IaaS offering. Ellison did not provide details on the service, price and availability. Such information will be announced at the OpenWorld show to be held in San Francisco from September 30 to October 4.

“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. “Our new Infrastructure as a Service offering provides secure, virtualized, compute and storage services.”

As a late comer, Oracle has started heavily investing on cloud computing services. The company just couple of months back announced suites of cloud services including Oracle Cloud Social Services, a business social platform, Oracle Cloud Platform Services and Oracle Application Services.

According to the latest report from the research firm IDC, global spending on public IT cloud services is expected to reach the $100 billion milestone in 2016 as more companies have started migrating their operations to the cloud services model. With implementation of public-private cloud services, Oracle products and solutions will now compete with Amazon Web Services, IBM, Hewlett-Packard and others.

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