Oracle has a crack internal team building a completely new cloud service — here’s what we know so far
October 24, 2015
Grazed from BusinessInsider. Author: Matt Weinberger.
Oracle is taking some drastic, far-reaching steps to fix its troubled cloud-computing business and turn it into a major player. Right now, Oracle has a cloud service, based at least in part on the technology it got in the acquisition of startup Nimbula. This business is struggling to gain traction against Amazon, Google, and others.
But Business Insider has learned that Oracle has assembled a crack team of cloud experts, assembled from engineers formerly of Nimbula, shuttered startup Nebula, and Amazon Web Services, building a new cloud service to offer right alongside the old one…
Oracle is investing heavily in making this new plan work, paying those engineers top dollar, and even offering raises when it finds out people are interviewing elsewhere…
Read more from the source @ http://www.businessinsider.com/oracle-has-special-team-working-on-new-public-cloud-2015-10