Oracle unveils suite of 'Cloud Computing' Services

By: AP
By: AP

REDWOOD SHORES, Calif. (AP) -- Oracle will distribute more than 100 business software applications over the Internet as the company tries to adapt to a computing shift threatening to turn it into a relic.

The expansion announced Wednesday by Oracle CEO Larry Ellison comes after seven years of development that cost the business software maker billions of dollars.

Besides investing in improving its own technology, Oracle Corp. has spent more than $3.5 billion buying smaller rivals that specialized in "cloud computing." That's the technology industry's catchphrase for software that can be accessed on any Internet-connected device.

The approach is a departure from Oracle's traditional method of licensing and installing business applications on individual machines on premises.

Ellison boasted that Oracle is now prepared to offer "the most comprehensive cloud on planet Earth."

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