Oracle Database Backup is part of the company's Platform as a Service portfolio which offers a low-cost cloud backup solution. The feature is tightly integrated with Oracle Recovery Manager so customers can still use RMAN commands to securely backup and recover data. The service will parallelize and compress backups to maintain high performance, and offers client-side encryption so the data is secure.
The new Oracle Storage Cloud is a part of the company's Infrastructure as a Service offerings. Oracle says the service is a reliable, scalable, and reliable object storage solution for organizations looking to store data in the cloud. The service is API compatible with OpenStack Swift and gives access to data through REST and Java APIs.
"To remain competitive in today's highly connected business environment, organizations are increasingly adopting and building new cloud-based solutions. There is also a huge push to migrate existing on-premises workloads to the public cloud and support portability between on-premises and cloud environments," Chris Pinkham, senior vice president of product development at Oracle said in a press release.
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TheStreet Ratings team rates ORACLE CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: