Larry Ellison from Oracle unviels new cloud changes

At a live event, Oracle Executive Chairman of the Board and CTO Larry Ellison announced new programs that lower costs by delivering increased automation and flexibility, and enable customers to get more value from their existing Oracle software investments. The new Oracle Cloud programs include Bring Your Own License to PaaS and Universal Credits.

“We are completely transforming the way all companies buy and use cloud by providing flexibility and choice,” said Ellison. “Today, we combined the lowest prices with the highest performance and more automation to deliver a lower total cost of ownership for our customers.”

While organizations are eager to move to the cloud, many have not due to obstacles that have forced them to choose between flexibility and lower costs. They have been challenged by the complexity of the cloud and the inability to rebalance spend across different services. Organizations have also been constrained by limited visibility and control over cloud spend. Until now, many have been unable to fully leverage their on-premises software investments in the cloud, having been limited to IaaS services or sacrificing key database features at the PaaS layer. Oracle’s new cloud programs look to address these customers’ cloud adoption challenges by improving and simplifying the way they purchase and consume cloud services.

Bring Your Own License to Oracle Database PaaS

Currently, customers are able to bring their on-premises licenses to Oracle IaaS. The company is expanding the offering by enabling customers to reuse their existing software licenses for Oracle products such as: PaaS, Database, Middleware, Analytics, and others. Customers with existing on-premises licenses can leverage that investment to use their Database Cloud at a fraction of the old PaaS price.

Universal Credits: Flexible Buying and Consumption Choices

Oracle is also introducing Universal Credits, a flexible buying and consumption model for cloud services. With Universal Credits, customers have one simple contract that provides unlimited access to all current and future PaaS and IaaS services, spanning their Cloud and Cloud at Customer. Customers gain on-demand access to all services plus the benefit of the lower cost of pre-paid services. Additionally, they have the flexibility to upgrade, expand or move services across datacenters based on their requirements. With Universal Credits, customers gain the ability to switch the PaaS or IaaS services they are using without having to notify Oracle.