NEWS
NEWS
NEWS
Ellison: No More Major Acquisitions, Oracle’s Focus is on Cloud Products
Despite rumors to the contrary, Oracle CEO Larry Ellison has insisted that the world’s 3rd biggest software maker is not pursuing any more acquisitions, claiming that the company is fully focused on promoting its current suite of cloud products.
Speaking to CNBC’s Maria Baritoromo following his second keynote at Oracle OpenWorld, Ellison ruled out making any more large acquisitions, including the storage concern NetApp that it’s been strongly linked with in the past.
“We think we have all the assets in-house to grow very rapidly on an organic basis,” Ellison stated.
Oracle has been one of the slowest software companies to push cloud computing, with Ellison famously mocking it as “complete gibberish” back in 2008. At that time, the Oracle CEO insisted that Cloud computing was just a “fad” that would soon die out.
But Ellison has since been forced to eat his words as Oracle strives to make up for lost ground in the computer world’s fastest growing area. The company has acquired a number of firms selling web-based software as it bids to catch up with rivals Amazon, Google and Salesforce.com.
On Sunday, in his first keynote, Ellison spoke about a number of new cloud products that Oracle is looking to push. Yesterday, cloud was once again the main focus of his talk, and once again Ellison chose to have a little dig at his rivals, claiming that while Oracle may not be the largest SaaS company by revenues, they certainly offer many more applications in the field than anyone else.
Ellison was critical of Salesforce.com in particular, insinuating that customers lacked flexibility with their software. The CEO said he was confident that thousands of customers would embrace its cloud-based Fusion software in the next year, as customers could run it on their own hardware OR Oracle’s public cloud.
“Salesforce.com, it runs in one place on the planet earth, on the Salesforce public cloud. That’s it. You can’t move that in-house, you can’t move that into a private cloud behind your firewall,” said Ellison.
“We think it’s important that our customers can choose. They can move to an Oracle private cloud or public cloud without changing anything. It’s very easy to move applications back and forth.”
Click here to read the full transcript of Ellison’s interview with CNBC.
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