SAN FRANCISCO — The San Francisco Giants of Major League Baseball and software company Oracle have signed a 20-year partnership providing Oracle with the naming rights to the ballpark through 2038. Beginning today, AT&T Park will be named Oracle Park. Financial terms of the agreement were not disclosed but Oracle is reportedly paying up to $300 […]
Oracle
Larry Ellison Talks About Future of the Cloud
SAN FRANCISCO — In the keynote address at Oracle OpenWorld this week, Oracle Executive Chairman and founder Larry Ellison shared his vision for a second-generation cloud that is purpose built for the enterprise and more technologically advanced and secure than any cloud on the market. Ellison, 74, is the world’s fifth-wealthiest person according to Forbes with a net worth […]
Safra Catz Elected to Disney Board
BURBANK – The Walt Disney Company Board of Directors announced the election of two new directors: Safra Catz, Chief Executive Officer of Oracle Corp., and Francis A. deSouza, President and Chief Executive Officer of biotechnology firm Illumina Inc. The elections of Ms. Catz and Mr. deSouza are effective February 1, 2018. “Safra Catz and […]
Oracle Shares Soar to All-Time High
Shares in Oracle Corporation hit an all-time high this week after reporting strong earnings especially on cloud revenues. Oracle stock was up 0.65 on Friday to close at $50.95. The company has a market capitalization of $227 billion. The company said that fourth quarter SaaS (Software as a Service) cloud revenues were up 67% […]
Oracle Expands Cloud Startup Accelerator Program
REDWOOD SHORES — Oracle is expanding its Startup Cloud Accelerator program, which will fuel cloud-enabled innovation around the globe by opening new centers in Bristol UK, Delhi–NCR, Mumbai, Paris, São Paulo, Singapore and Tel Aviv. Run by members of the Oracle research and development team, the program provides six months of mentoring from technical […]
Forbes Media Selects Oracle Cloud
REDWOOD CITY — Forbes Media, publisher of Forbes Magazine, has chosen the Oracle Marketing Cloud to take advantage of new digital channels to increase advertising revenue. The deep insights delivered by the Oracle Marketing Cloud’s data analytics and management platform will enable Forbes Media to help advertisers increase audience reach and engagement. Digital technologies […]
Oracle Buying Netsuite for $9.3 Billion in Cash
REDWOOD SHORES and SAN MATEO, CA — Larry Ellison just got richer. Oracle announced today that it will buy NetSuite, the very first cloud company and co-founded by Ellison, for $109.00 per share in cash, or approximately $9.3 billion. Shares in NetSuite closed at $108.41 on Thursday, up $16.84. Ellison holds a 39.8% stake in […]