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Verizon Introduces Per-Hour Billing For Oracle Database And Oracle Fusion Middleware On Verizon Cloud

Stocks in this article: ORCL VZ

NEW YORK and SAN FRANCISCO, Jan. 10, 2014 /PRNewswire/ -- Verizon Enterprise Solutions and Oracle, two leaders in the cloud market, today announced they will enable customers to use Oracle Database and Oracle Fusion Middleware on Verizon's cloud infrastructure, including the new Verizon Cloud, and pay for access on an hourly basis.

Verizon creates enterprise-level services that allow large companies and mid-size businesses to tap into the power of the cloud. Oracle provides greater choice and flexibility to customers through multiple deployment options for its software, including on-premises, public, private and hybrid clouds. Customers can bring their own Oracle licenses to the Verizon platform or purchase Verizon cloud services, which already include Oracle licenses. Current Verizon eCloud and Managed Hosting customers can also be able to use Oracle software on a per-hour cost basis and can leverage existing Oracle licenses.

This is critical for Global 1,000 companies in industries like financial services, retail and energy as they migrate from on-premises solutions to hybrid or cloud-based environments. With Oracle Database and Oracle Fusion Middleware on Verizon Cloud, customers can leverage existing assets, gain efficiencies in the cloud and pay for only what they need on an hourly basis rather than having to purchase perpetual licenses.

"This deal represents two market leaders coming together to create a compelling cloud offering that will help enterprises succeed in a highly competitive market environment," said Oracle President Mark Hurd. "Combining Verizon's unique enterprise experience and capabilities with Oracle's best-in-class cloud products will provide customers another easy and cost-effective choice for embracing the cloud."

Verizon Cloud, announced in October 2013 and currently in beta, provides clients with performance, flexibility and control in their cloud environment. This agreement with Oracle demonstrates Verizon's commitment to building an ecosystem of enterprise-class technologies, delivered as services on top of Verizon Cloud.

"With Oracle, we're helping enterprises transform their operations with the cloud," said John Stratton, president, Verizon Enterprise Solutions. "Few companies begin with a complete cloud environment, and the benefits of migrating to the cloud have at times been outweighed by the challenges and costs associated with making a change. Oracle and Verizon have now removed those obstacles. Companies can use their existing Oracle licenses or pay as they go for Oracle's software and gain the power of Verizon's next-generation enterprise cloud."

Companies interested in using Verizon Cloud can sign up to be a beta customer and learn more about support for Oracle software through the Verizon Enterprise Solutions website.

About Oracle

Oracle engineers hardware and software to work together in the cloud and in your data center.  For more information about Oracle (NYSE: ORCL), visit www.oracle.com.

About VerizonVerizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with more than 101 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries. A Dow 30 company with nearly $116 billion in 2012 revenues, Verizon employs a diverse workforce of 178,300.  For more information, visit www.verizon.com .

Verizon Enterprise Solutions Online News Center: News releases, blog posts, media contacts and other information are available in Verizon Enterprise Solutions' online News Center at http://www.verizonenterprise.com/about/news. News from Verizon Enterprise Solutions is also available through an RSS feed at http://www.verizonenterprise.com/rss-options/.

SOURCE Verizon

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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