The Cloud Industry Is Starting To Consolidate
Ellison noted that the IT industry goes through phases with explosions of startups with new technologies followed by consolidation. "Cloud consolidation is in its early phases. And we're going to be a consolidator," he said.
The CEO said Oracle would continue to develop many cloud technologies in-house. But, acquisitions are also part of the plan: The company has bought a number of cloud software companies within the last 18 months, including Taleo, Nimbula and Eloqua.
Echoing earlier comments by Kurian, Ellison noted that Oracle offers products at all three levels of cloud technology: infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) and software-as-a-service (SaaS). "We're the only company who can be strong across all three layers of the cloud," he said.
"Our strategy has always been to have a complete and integrated portfolio of applications."