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Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas.

Oracle offices in Redwood Shores, California.

Corporate structures

Oracle Corporation operates in

multiple markets

and has acquired several companies

which formerly functioned autonomously. In some cases these provided the starting points for global business units (GBUs)

targeting particular vertical markets.

Oracle Corporation GBUs include:

  • Communications

  • Construction and engineering - formerly the Primavera GBU

  • Financial services

  • Food and Beverages

  • Health sciences

  • Hospitality

  • Retail

  • Utilities

Acquisition of Sun Microsystems

Main article: Sun acquisition by Oracle

In January 2010, Oracle completed its acquisition of Sun Microsystems—valued at more than $7 billion—a move that transformed Oracle from solely a software company to a manufacturer of both software and hardware. The acquisition was delayed for several months by the European Commission because of concerns about MySQL, but was unconditionally approved in the end. In September 2011, U.S. State Department Embassy cables were leaked to WikiLeaks. One cable revealed that the U.S. pressured the E.U. to allow Oracle to acquire Sun.

The Sun acquisition was closely watched by free software users and some companies, due to the fear that Oracle might end Sun's traditional support of free projects. Since the acquisition, Oracle has discontinued OpenSolaris and StarOffice, and sued Google over the Java patents Oracle acquired from Sun.

Oracle Corporation

From Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Oracle_Corporation
Oracle Corporation
Current headquarters in Austin, Texas
TypePublic
ISINUS68389X1054
Industry
FoundedJune 16, 1977; 44 years ago
Santa Clara, California, U.S.[1]
Founders
Headquarters,
United States
Area served
Worldwide
Key people
Products
Services
Revenue US$40.47 billion (2021)[3]
US$15.21 billion (2021)[3]
US$13.74 billion (2021)[3]
Total assets US$131.10 billion (2021)[3]
Total equity US$5.95 billion (2021)[3]
OwnerLarry Ellison (42.4%)[4]
Number of employees
132,000 (2021)[5]
SubsidiariesList of Oracle subsidiaries
Websitewww.oracle.com

Larry Ellison, executive chairman of Oracle

Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. In 2020, Oracle was the second-largest software company in the world by revenue and market capitalization. The company sells database software and technology (particularly its own brands), cloud engineered systems, and enterprise software products, such as enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software (also known as customer experience), enterprise performance management (EPM) software, and supply chain management (SCM) software.

U.S. TikTok's Operations

On September 13, 2020, Bloomberg News reported that Oracle won a bidding war with other U.S.-based companies to take over social media company TikTok's operations in the United States following the company's pressure to forcibly be shut down by the Trump Administration. Oracle was described as a “trusted tech partner” by TikTok, suggesting the deal may not be as structured as an outright sale. On September 19, 2020, the Trump Administration approved of the sale of TikTok's US operations to Oracle "[delaying] — by one week — restrictions that were originally to take effect" on September 20 as indicated by the United States Department of Commerce.

On February 10, 2021, The Wall Street Journal reported, citing a source familiar with the matter, the Biden Administration would be shelving the sale of TikTok indefinitely, as the administration began an extensive review of national security threats from Chinese technology companies as a whole.

Cover Oregon Healthcare Exchange

Oracle Corporation was awarded a contract by the State of Oregon's Oregon Health Authority (OHA) to develop Cover Oregon, the state's healthcare exchange website, as part of the U.S. Patient Protection and Affordable Care Act. When the site tried to go live on October 1, 2013, it failed, and registrations had to be taken using paper applications until the site could be fixed.

On April 25, 2014, the State of Oregon voted to discontinue Cover Oregon and instead use the federal exchange to enroll Oregon residents. The cost of switching to the federal portal was estimated at $5 million, whereas fixing Cover Oregon would have required another $78 million.

Oracle president Safra Catz responded to Cover Oregon and the OHA in a letter claiming that the site's problems were due to OHA mismanagement, specifically that a third-party systems integrator was not hired to manage the complex project.

In August 2014, Oracle Corporation sued Cover Oregon for breach of contract, and then later that month the state of Oregon sued Oracle Corporation, in a civil complaint for breach of contract, fraud, filing false claims and "racketeering". In September 2016, the two sides reached a settlement valued at over $100 million to the state, and a six-year agreement for Oracle to continue modernizing state software and IT.

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