This Week in the Cloud: Oracle, Workday IPO and More
Oracle’s annual event OpenWorld is one that really stood out this week. The 5-day event at San Francisco was packed with product updates, but it was Larry Ellison’s big keynote was what really made a mark.
During his lengthy speech the CEO announced a number of new products, along with new direction for his company. Ellison unveiled the 12c release of Oracle’s database platform – the c stands for cloud, and the software is pegged as the first truly multi-tenant DB on the market. He also dwelt into a much more notable update – Oracle is making a push into the cloud services space.
The company is working on a new IaaS service that will run on its own engineered systems, rather than the ultra-efficient, bare bone boxes that AWS and Google leverage to maintain competitive rates. Oracle’s agenda also involves software-as-a-service, although Ellison didn’t disclose any other details. What he did say is that his company won’t be making any more large cloud acquisitions in the near future, which means rumor-mongers can definitely scratch Workday off their list.
This week the cloud-based RP provider announced pricing for its upcoming IPO – $21 to $24 per share, which would put it at a $3.85 billion on the higher end. Workday could raise as much as $589 million in the public offering, a huge capital boost.
Workday was co-founded by David Duffield, who served as the CEO of PeopleSoft before it was gobbled up by Oracle in 2005.
Application performance management firm Precise also had a big update this week. The developer announced the 9.5 release of its Precision admin platform, which features a number of significant improvements. The latest version offers more transparency in virtualized environments, tracks mobile activity across the corporate network and incorporates more analytical capabilities across the board.
A message from John Furrier, co-founder of SiliconANGLE:
Your vote of support is important to us and it helps us keep the content FREE.
One click below supports our mission to provide free, deep, and relevant content.
Join our community on YouTube
Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.
THANK YOU