The tech giant could end up competing against Microsoft.
Latest from Charlie Osborne
Oracle is a strong player in the datacenter realm, but with this deal, perhaps Larry Ellison's cloud dreams are coming closer.
The companies hope to improve industry standards for high-speed cloud networking.
The new solutions are designed to drive retail growth through cloud technology.
Oracle says new offices in the US and a new swathe of engineers will help the firm develop next-generation platforms.
Former US Secretary of Defense and former Director of the Central Intelligence Agency Leon Panetta is now a member of Oracle's board of directors.
A long-standing battle between the two tech giants is potentially at an end, resulting in Oracle winning limited damages — or opting for a retrial.
Oracle has completed the acquisition of hospitality and retail-based enterprise solutions firm Micros Systems.
To meet challenges in the enterprise caused by the expansion of cloud, mobile and the Internet of Things (IoT), Oracle has introduced SOA Suite 12c with improved integration capabilities.
Oracle has acquired MICROS Systems for $5.3bn in order to break into the hospitality and retail industries.