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Cloud News

David Harris

The cuts affected workers at Oracle offices in Redwood City, Calif., home to the tech giant’s former headquarters. The jobs that were affected included data scientists, application developers, marketing certified and software developers.

 ARTICLE TITLE HERE

Oracle has laid off more than 200 of its workers in California months after reports surfaced that the tech giant was considering “thousands” of job cuts on the heels of its $28 billion Cerner acquisition.

The Austin, Texas company cut 201 jobs in total on Oct. 3 from its Redwood City, Calif. office, according to its Worker Adjustment and Retraining Notification (WARN) filed in California. The job cuts took effect Oct. 3 and was received by the California Employment Development Department Sept. 30, according to the WARN.

In a letter to the state obtained by CRN, Oracle said the layoffs would be permanent and said that its Redwood Shores campus would not be closing as a result of the job cuts. Oracle formerly housed its headquarters in Redwood City, but moved it to Austin at the end of 2020.

Among the jobs cut in this round, according to the Aug. 4 letter to the state from Anje Dodson, senior vice president of human resources at Oracle: data scientists, application developers, marketing certified and software developers.

CRN has reached out to Oracle for comment.

As of this past May, Oracle employed approximately 143,000 full-time employees, of which about 48,000 are based in the U.S. and the rest internationally, according to a regulatory filing.

Oracle closed its acquisition of healthcare digital information system provider Cerner in June. The company began to notify employees of layoffs in early August, according to a report in The Information at the time. That matches with the date on the WARN notice, which states that this crop of employees received notification about the layoffs on August 4.

The company is the No. 1 employer in Redwood City, Calif. with over 6,500 workers there, according to the city.

Thu, 13 Oct 2022 06:05:00 -0500 en text/html https://www.crn.com/news/cloud/oracle-lays-off-201-employees-in-california
Killexams : Oracle Cerner + interoperability: 7 takeaways

Naomi Diaz -

Oracle Cerner has been working on interoperability for years and announced new efforts in exact months since its $28.4 billion acquisition by Oracle.

Seven points:

  1. Oracle Cerner is a founding member of the CommonWell Health Alliance. The CommonWell Health Alliance aims to advance interoperability by connecting systems nationwide and making health data widely available. 
  2. Most recently, the CommonWell Health Alliance announced that it would apply to become one of the first qualified health information networks as part of the Trusted Exchange Framework and Common Agreement. TEFCA is part of the 21st Century Cures Act passed in 2016 that aims to establish a nationwide EHR exchange. 
  3. Sam Lambson, vice president of interoperability at Oracle Cerner, called the move "a leap forward in achieving our vision for interoperability."
  4. On June 9, Larry Ellison, chair, co-founder and chief technology officer of Oracle said it plans to create a unified database for patient information. "Together, Cerner and Oracle have all the technology required to build a revolutionary new health management information system in the cloud," Mr. Ellison said. The database would have anonymized data from hospitals, clinics and providers across the U.S. and provide up-to-the-minute information about patients' personal health as well as public health statistics.
  5. Oracle Cerner uses network connections and nationwide exchanges to provide clinicians access to information and data sharing. 
  6. Oracle Cerner has also created the EHR analytics solution, dubbed the Lights On Network, which provides data-driven analysis to help understand which interoperability methods are used across organizations.
  7. In December 2021, Hans Buitendijk, director of interoperability strategy at Oracle Cerner joined the National Health Information Technology Advisory Committee. The committee provides recommendations to the National Coordinator for Health Information Technology on policies and standards, as well as implementation criteria.

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Thu, 22 Sep 2022 06:11:00 -0500 en-gb text/html https://www.beckershospitalreview.com/ehrs/oracle-cerner-interoperability-7-takeaways.html
Killexams : 8 Companies Owned by Oracle

The acquisitions of Cerner, FarApp, Federos, and GloriaFood in 2021 by Oracle Corporation (ORCL) are just a few examples of Oracle’s reach in the technology market. Acquisitions like this have helped develop Oracle in a multitude of ways, including application development, industry solutions, middleware, server expansion, storage capabilities, and network development.

Oracle has spent a significant amount of money on its acquisitions but its most expensive has been its purchase of PeopleSoft for $10.3 billion in 2005; however, Oracle's announcement in late 2021 of its acquisition of Cerner, if it goes through, will be its most expensive at $28.3 billion.

Due to the numerous products, services, and industries Oracle caters to, it is no surprise that there are a substantial number of important subsidiaries and integrated companies that result in Oracle having the second-highest gross revenue across all software companies.

Key Takeaways

  • Oracle is known as a global leader in enterprise software and IT solutions; it is the second-largest software company in the world by revenue.
  • Oracle's cloud computing and database packages are well-known throughout the industry, but the company also has relied on an aggressive acquisition strategy to bolster its portfolio.
  • Included under the Oracle banner are BEA Systems, Hyperion, Siebel Systems, and Sun Microsystems, among several others.
  • Oracle's largest acquisition was of PeopleSoft in 2005 for $10.3 billion but will be eclipsed by its acquisition of Cerner for $28.3 billion in 2021 if the deal goes through.

1. Acme Packet

Acme Packet produced session border controllers, security gateways, and session-routing proxies. It allowed secure and reliable communications across devices, regardless of network. Oracle entered into an agreement to acquire Acme Packet in 2013 for $2.1 billion. At the time of the acquisition, Acme Packet’s solutions were utilized by almost 90% of the world’s top 100 communications companies. Acme Packet was founded in 2000 and was headquartered out of Bedford, Massachusetts.

2. BEA Systems

Oracle acquired BEA Systems in 2008 for $8.5 billion. The acquisition was made to bolster Oracle’s Fusion middleware software suite. Founded in 1995, the three founders of BEA were all former employees of Sun Microsystems. BEA Systems’ three major product lines were a transaction-oriented middleware platform called Tuxedo, an enterprise infrastructure platform, and a service-oriented architecture platform. All three products are utilized today, including the development of the Oracle Weblogic Server and Oracle Service Bus.

3. Hyperion Corporation

Hyperion Corporation, a provider of performance management software, was acquired by Oracle in 2007 for $3.3 billion. It offered enterprise resource planning solutions, financial modules, and reporting products. The combination of the two companies resulted in the creation of the Oracle Business Intelligence Enterprise Edition.

4. MICROS Systems

In September 2014, Oracle completed the acquisition of MICROS Systems Inc. Previously headquartered in Maryland, MICROS provided enterprise applications to restaurants, hotels, casinos, and other entertainment businesses. The $5.3 billion deal to acquire MICROS enabled Oracle to expand its Retail and Hospitality Hardware and Software division. At the time of acquisition, MICROS technologies were used by over 330,000 customers in 180 countries.

5. NetSuite

Oracle’s 2016 acquisition of NetSuite expanded Oracle’s operations in cloud services. NetSuite was the first cloud company and was founded in 1998. NetSuite provided customers with a suite of software services to manage business operations and customer relationships. NetSuite provided products to over 40,000 companies in 100 countries. NetSuite was one of the biggest acquisitions ever made by Oracle, costing the company $9.3 billion, and giving their library of software a huge boost. 

One of Oracle's most important and successful products is Java, which it acquired through its purchase of Sun Microsystems.

6. PeopleSoft

PeopleSoft provided numerous financial and business applications to address a range of business requirements. Oracle’s hostile takeover of PeopleSoft in 2005 cost $10.3 billion. Modules created by PeopleSoft included Human Capital Management, Financial Management, provider Relationship Management, Enterprise Service Automation, Supply Chain Management, and PeopleTools.

7. Siebel Systems

Siebel Systems specialized in customer relationship management solutions. After paying $5.85 billion in 2005, Oracle acquired its main competitor in the sales automation program industry. Siebel’s customer relationship manager provided solutions to more than 20 industries and was integrated into Oracle’s Customer Experience portfolio. Founder Thomas Siebel was an Oracle executive from 1984 to 1990 before founding Siebel Systems in 1993. Siebel itself now operates as a product under the Oracle branding.

8. Sun Microsystems

Founded in 1982, Sun Microsystems was acquired by Oracle in 2010 for $7.4 billion and was utilized in the production of Oracle Optimized Systems. Sun Microsystems helped develop a high-performance infrastructure for the Oracle Database, as well as the first Oracle Exalogic Elastic Cloud. Sun Microsystems’ personal portfolio of software developments has expanded under Oracle with the releases of Oracle Solaris, MySQL, and Java.

How Many Acquisitions Has Oracle Made?

In its lifetime, Oracle has made 144 acquisitions, as of March 2022. The acquisitions have been both large and small and have allowed Oracle to expand its presence in a variety of fields.

Who Did Oracle Recently Buy?

Oracle's most exact acquisition, which is still pending, is that of Cerner in December 2021, for $28.3 billion ($95 a share). This acquisition will put Oracle in the IT healthcare space; a new frontier for the company.

Does Oracle Make Hardware?

Yes, Oracle makes hardware. Its hardware products include servers, storage, and engineered systems, with the goal of optimizing database performance at lower costs.

Thu, 18 Sep 2014 11:15:00 -0500 en text/html https://www.investopedia.com/articles/insights/081816/top-8-companies-owned-oracle-orcl.asp
Killexams : Oracle pays to make bribery charges go away


Only in America you can pay to make bribery charges go away 

Oracle has paid $23 million to the US Securities and Exchange Commission to settle corruption charges that subsidiaries in Turkey, United Arab Emirates and India used "slush funds" to bribe foreign officials to win business.

The SEC said Oracle violated provisions of the Foreign Corrupt Practices Act (FCPA) during a three-year period between 2016 and 2019.

The cash that was apparently set aside was to  paying foreign officials to attend technology conferences, which breaks Oracle's own internal policies and procedures.

SEC said that in some instances, it found Oracle staff at the Turkish subsidiary had spent the funds on taking officials' families with them on International conferences or side trips to California.

SEC investigator Charles Cain said: ""The creation of off-books slush funds inherently gives rise to the risk those funds will be used improperly, which is exactly what happened here at Oracle's Turkey, UAE, and India subsidiaries. This matter highlights the critical need for effective internal accounting controls throughout the entirety of a company's operations."

However, because Oracle wrote a cheque for its antics it does not have to admit or deny the findings of the SEC's investigation, it just has to promise not to do the thing it does not admit to, ever again.

Tue, 27 Sep 2022 21:01:00 -0500 Nick Farrell en-gb text/html https://www.fudzilla.com/news/55565-oracle-pays-to-make-bribery-charges-go-away
Killexams : Oracle NetSuite Accounting Software Review
  • Oracle NetSuite is an enterprise resource planning (ERP) platform that comes with a robust financial management solution.
  • Its pricing is customized for each user based on the needs and circumstances of your business.
  • Oracle NetSuite is ideal for midsize businesses, manufacturers and companies that need advanced features.
  • This article is for entrepreneurs considering implementing Oracle’s NetSuite ERP platform as their financial management and accounting solution.

As your business grows, you may invest in a greater number of software solutions to keep your operations moving forward. Businesses that reach this point often find it’s easiest to streamline all of their systems ‒ including accounting and financial management ‒ into one convenient enterprise resource planning (ERP) platform like Oracle NetSuite.

Oracle NetSuite

Affordable pricing 1.0/2.0
Free trial 1.5/2.0
Robust integrations 2.0/2.0
Invoicing and bill pay 2.0/2.0
Mobile app 2.0/2.0
Editor’s score 8.5/10

As part of its robust ERP offering, Oracle NetSuite offers an intuitive cloud financial management solution that allows businesses to track their financial data and automate many essential accounting functions. Like any highly-rated accounting software, it offers reporting, planning, and billing features and easily integrates with other software, including Oracle’s suite of business solutions. It can also be used seamlessly with multiple currencies, so it’s a great option for growing companies with a global customer base.

If your business wants to expedite its accounts receivable and payable, accelerate deal closings, and keep up with financial compliance obligations, while taking advantage of a full suite of powerful business management features, Oracle NetSuite is an ideal accounting solution within an ERP platform.

Oracle NetSuite Summary

Base price $999 per month
Invoicing and payments Yes
No. of clients supported Unlimited
Free trial No

Pricing

Because they can perform a wide range of complex business management functions, ERP platforms are typically priced on a custom basis. Factors such as business size, annual revenue and desired features all affect the cost of the software. Oracle NetSuite is no different, and to get an accurate price estimate, you’ll need to contact an Oracle sales representative. The sales rep will walk you through all the available features of the platform, including inventory management, financial management, point of sale, customer relationship management (CRM) and human capital management software

Based on our research, Oracle NetSuite pricing includes a $999 monthly licensing fee, plus a per-user fee that starts at $99 a month. While this base price can be used as an estimate, your costs may vary significantly depending on your specific business needs.

Because of its high price point, Oracle NetSuite is likely not well suited for a smaller business with simple accounting and bookkeeping needs. However, if your business is growing internationally and you anticipate needing an ERP platform to manage everything, this can be an excellent accounting solution that sets you up for financial success as your company grows. Thanks to NetSuite’s integrated ecosystem, you can save time and money that would otherwise be spent managing multiple software solutions from different vendors.

Key takeawayKey takeaway: Oracle NetSuite’s price varies depending on the different software modules required, the size of your business, its annual revenue and the number of orders your company processes.

Accounting Features

Oracle NetSuite’s financial management solution offers a wide range of useful accounting features. Here’s more about how NetSuite can help growing businesses:

Finance and Accounting

With Oracle NetSuite, your business can seamlessly combine its core finance and accounting functions with strong compliance management. This ERP’s financial management solution offers real-time access to your financial data to help you drill into important details, resolve delays, and generate compliance statements and disclosures for your stakeholders.

NetSuite provides the following basic accounting functions to streamline and simplify your financial processes:

Billing

Whether your business operates on a transaction, subscription, usage-based or hybrid model, Oracle NetSuite can help you manage your billing operations. It fully integrates into the platform’s advanced revenue management and compliance functions.

Revenue Recognition

Businesses with financial reporting obligations can use NetSuite to easily comply with accounting standards, including ASC 605, 606 and IFRS 15. Using the platform’s rule-based event-handling framework, you can easily automate numerous revenue management and reporting functions, such as forecasting, allocation, recognition, reclassification and auditing.

Financial Planning and Reporting

NetSuite’s planning, budgeting and forecasting functions allow your business to plot out its financial future based on real-time analytics. Use your business data to forecast revenue, plot out what-if scenarios and develop accurate budgets. Oracle’s powerful reporting and analytics tools also allow you to gain a more complete picture of your business at any time to make better informed decisions about your finances.

NetSuite’s mobile app enables you to manage your accounting needs while you’re on the go.

Source: Oracle NetSuite

Global Account Management and Consolidation

If your business plans to expand its borders and go global, you need a financial management solution that helps you manage your international transactions and compliance obligations. Oracle NetSuite’s powerful financial engine gives you maximum transparency and visibility into your business across countries and in real time so you can manage your operations at the local and global level.

To make it easier to run an international business, NetSuite offers a variety of language interfaces to overcome language barriers and a multicurrency management system that supports over 190 different forms of currencies and automatically accounts for the current exchange rate for real-time conversion.

Governance, Risk and Compliance

With Oracle NetSuite, your business will always be audit-ready. This ERP platform supports your company’s governance, risk, and compliance (GRC) programs so you can handle increasingly complex regulatory, operational, and compliance challenges as you scale.

The platform can also establish a sustainable risk management and compliance process for your company so you can anticipate major risks before they happen.

Integrations

Oracle NetSuite offers seamless integration with all its ERP solutions and integrates with many leading business software providers. If you use other vendors to manage your operations, you can use NetSuite’s open APIs to introduce new integrations.

To take advantage of these integrations, businesses can hire a NetSuite dedicated implementation team for an additional fee. The team not only helps set up the ERP platform itself, but also assists with any additional integrations and project management planning.

Netsuite provides business owners with access to all their business data in one central location.

Source: Oracle NetSuite

ERP Features

Want to use Oracle NetSuite as part of a larger ERP solution? Your financial management processes will integrate seamlessly with Oracle’s full suite of products. This is helpful if you’re trying to gain a more holistic view of your business’s financial transactions, budgets and forecasts.

Here are a few additional useful functions you’ll find within Oracle NetSuite.

Order Management

Stay on top of your warehouse ordering. This solution helps you ensure ideal quantities of each item you sell by automatically analyzing historical sales and logistics data. NetSuite can determine the best reordering time frame for each product and replenish stock to an optimal threshold when it runs low.

Production Management

NetSuite helps companies with every sales or work order while providing real-time visibility into every step of the production process. This ERP’s end-to-end manufacturing software solution can help you run your entire business and make better-informed decisions.

Supply Chain Management

NetSuite helps you seamlessly manage each point in your supply chain, regardless of where your physical product is manufactured or stored.

Warehouse and Fulfillment

NetSuite helps businesses with inbound logistics, outbound logistics, and inventory management, streamlining your warehousing operations and helping you minimize costs for on-time delivery. The built-in warehouse management solution enables you to manage your distribution operations using customized user-defined strategies and advanced real-time updates and integrations.

NetSuite’s one-click capabilities make it easy to drill down into operations directly from the dashboard.

Source: Oracle NetSuite

Procurement

With Oracle NetSuite, it’s easy to purchase goods and services for your business quickly and at the best prices. Real-time information helps you better understand your company spend and vendor performance while automation and workflow integrations deliver a more accurate procure-to-pay process.

Human Capital Management

Manage your team and your human resources processes with NetSuite’s HCM solution, SuitePeople. This solution allows you to streamline employee onboarding and information collection for new hires while also giving visibility into your workforce operations.

Did you know?Did you know? Oracle NetSuite offers several key tools that are critical for financial management, including basic accounting functions, billing, revenue recognition, planning and reporting, GRC, and more.

Oracle NetSuite Pros

For growing international businesses, Oracle NetSuite offers a robust, all-in-one ERP solution that puts your most valuable business data into a single platform. NetSuite’s full product suite allows your organization’s various departments and systems to operate harmoniously and in real time so every person in your company is always up to date.

Key takeawayKey takeaway: Oracle NetSuite provides just about every feature you could want in an ERP, allowing for a seamless single solution for managing all your operations.

Oracle NetSuite Cons

In terms of accounting software, NetSuite may be prohibitively expensive for smaller businesses. Additionally, it may offer far more functionality than your business needs at this point in its growth, and you don’t want to pay for features you’ll never use.

Ultimately, NetSuite is ideal for midsize and large businesses operating a complex operation, as this ERP solution performs best when all of the modules are used in conjunction with one another.

TipTip:The high price tag of Oracle NetSuite may be too much for small businesses with less complex financial management needs.

Customer Service

Oracle NetSuite delivers top-notch customer service across its entire ERP platform, including its financial management solution. The company’s educational resources provide users the opportunity to learn about NetSuite’s full range of products and stay updated on any new features or capabilities.

NetSuite offers 24/7, real-time support for industries via phone, email and a built-in chatbot on its website. The automated chat functionality can answer simple FAQs or connect you with a customer service representative.

Key takeawayKey takeaway: Oracle NetSuite’s customer service is on a par with what you would expect from a world-class ERP solution, so you can count on being able to find answers to your questions and concerns.

Mon, 10 Oct 2022 12:01:00 -0500 en text/html https://www.businessnewsdaily.com/oracle-netsuite-review.html
Killexams : SEC fines Oracle $23 million, says the company bribed foreign officials for business

A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California.

Justin Sullivan | Getty Images

Oracle has settled with the Securities and Exchange Commission after it was charged with violating the Foreign Corrupt Practices Act for a second time, the SEC announced Tuesday.

The SEC said Oracle violated provisions of the act between 2016 and 2019 when its subsidiaries in India, Turkey and the United Arab Emirates created slush funds used to bribe foreign officials. Oracle's subsidiaries also used the funds to pay foreign officials to attend technology conferences, according to the SEC.

The company did not admit to or deny the SEC's findings, and it will pay more than $23 million to settle the charges.

"The conduct outlined by the SEC is contrary to our core values and clear policies, and if we identify such behavior, we will take appropriate action," said Oracle corporate communications vice president Michael Egbert.

The company also settled charges in 2012 after Oracle India created millions of dollars of side funds, the SEC said.

Charles Cain, the SEC's FCPA unit chief, said in the release that the charges highlight a need for "effective internal accounting controls" at Oracle.

"The creation of off-book slush funds inherently gives rise to the risk those funds will be used improperly, which is exactly what happened here at Oracle's Turkey, UAE, and India subsidiaries," he said.

Tue, 27 Sep 2022 02:13:00 -0500 en text/html https://www.cnbc.com/2022/09/27/sec-fines-oracle-23-million-alleging-the-company-bribed-foreign-officials.html
Killexams : Oracle Releases Java 19

New release delivers seven JDK Enhancement Proposals to increase developer productivity, Boost the Java language, and enhance the platform's performance, stability, and security

Java 19's key capabilities to be showcased at JavaOne 2022 in Las Vegas on October 17-20

AUSTIN, Texas, Sept. 20, 2022 /PRNewswire/ -- Oracle today announced the availability of Java 19, the latest version of the world's number one programming language and development platform. Java 19 (Oracle JDK 19) delivers thousands of performance, stability, and security improvements, including enhancements to the platform that will help developers Boost productivity and drive business-wide innovation. Oracle will showcase the latest capabilities in Java 19 at JavaOne 2022, taking place October 17-20 in Las Vegas, and via a keynote broadcast airing on dev.java/ at 9:00 a.m. PT on Tuesday, September 20.

(PRNewsfoto/Oracle)

"Our ongoing collaboration with the developer community is the lifeblood of Java. As the steward of Java, Oracle is steadfastly committed to providing developers and enterprises with the latest tools to help them create innovative apps and services," said Georges Saab, senior vice president of development, Java Platform and Chair, OpenJDK Governing Board, Oracle. "The powerful new enhancements in Java 19 are a testament to the monumental work across the global Java community."

The latest Java Development Kit (JDK) provides updates and improvements with seven JDK Enhancement Proposals (JEPs). Most of these updates are to be delivered as follow-up preview features improving on functionality introduced in earlier releases.

JDK 19 delivers language Improvements from OpenJDK project Amber (Record Patterns and Pattern Matching for Switch); library enhancements to interoperate with non-Java Code (Foreign Function and Memory API) and to leverage vector instructions (Vector API) from OpenJDK project Panama; and the first previews for Project Loom (Virtual Threads and Structured Concurrency), which will drastically reduce the effort required to write and maintain high-throughput, concurrent applications in Java.

"Java developers are increasingly seeking tools to help them efficiently build highly functional applications for deployment in the cloud, on-premises, and in hybrid environments," said Arnal Dayaratna, research vice president, software development, IDC. "The enhancements in Java 19 deliver on these requirements and illustrate how the Java ecosystem is well-positioned to meet the current and future needs of developers and enterprises."

Oracle delivers new Java Feature releases every six months via a predictable release schedule. This cadence provides a steady stream of innovations while delivering continuous improvements to the platform's performance, stability, and security, helping increase Java's pervasiveness across organizations and industries of all sizes.

The most significant updates delivered in Java 19 are:

Updates and Improvements to the Language

  • JEP 405: Record Patterns (Preview): Enables users to nest record patterns and type patterns to create a powerful, declarative, and composable form of data navigation and processing. This extends pattern matching to allow for more sophisticated and composable data queries.

  • JEP 427: Pattern Matching for Switch (Third Preview): Enables pattern matching for switch expressions and statements by permitting an expression to be tested against a number of patterns. This allows users to express complex data-oriented queries concisely and safely.

Library Tools

  • JEP 424: Foreign Function and Memory API (Preview): Enables Java programs to more easily interoperate with code and data outside of the Java runtime. By efficiently invoking foreign functions (i.e., code outside the Java Virtual Machine [JVM]), and by safely accessing foreign memory (i.e., memory not managed by the JVM), this API enables Java programs to call native libraries and process native data via a pure Java development model. This results in increased ease-of-use, performance, flexibility, and safety.

  • JEP 426: Vector API (Fourth Incubator): Enables superior performance compared to equivalent scalar computations by expressing vector computations that reliably compile at runtime to vector instructions on supported CPU architectures.

Ports

Project Loom Preview/Incubator Features

  • JEP 425: Virtual Threads (Preview): Dramatically reduces the effort of writing, maintaining, and observing high-throughput concurrent applications by introducing lightweight virtual threads to the Java Platform. Using virtual threads allows developers to easily troubleshoot, debug, and profile concurrent applications with existing JDK tools and techniques.

  • JEP 428: Structured Concurrency (Incubator): Streamlines error handling and cancellation, improves reliability, and enhances observability by simplifying multithreaded programming and treating multiple tasks running in different threads as a single unit of work.

Driving Java Innovation in the Cloud

The Java 19 release is the result of extensive collaboration between Oracle engineers and other members of the worldwide Java developer community via the OpenJDK Project and the Java Community Process (JCP). In addition to new enhancements, Java 19 is supported by Java Management Service – an Oracle Cloud Infrastructure (OCI) native service – that provides a single pane of glass to help organizations manage Java runtimes and applications on-premises or on any cloud.

Supporting Java Customers

The Oracle Java SE Subscription is a pay-as-you-go offering that provides customers with best-in-class support, entitlement to GraalVM Enterprise, access to the Java Management Service, and the flexibility to upgrade at the pace of their businesses. This helps IT organizations manage complexity, contain costs, and mitigate security risks. In addition, Java SE and GraalVM Enterprise are offered free of charge on OCI, enabling developers to build and deploy applications that run faster, better, and with unbeatable cost-performance on Oracle Cloud. 

Underscoring Java's popularity with the global developer community, Oracle is proud to recognize the one millionth completed Java certification. Java certifications help developers stand out as Java experts and raise their profiles with enterprises seeking to attract highly skilled Java professionals.

Additional Resources

About Oracle

Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks

Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/oracle-releases-java-19-301627861.html

SOURCE Oracle

Tue, 20 Sep 2022 04:04:00 -0500 en-US text/html https://finance.yahoo.com/news/oracle-releases-java-19-151000595.html
Killexams : SEC: Oracle To Pay $23M To Settle Foreign Bribery Charges

Cloud News

Wade Tyler Millward

The schemes relied on Oracle VARs and VADs in India, Turkey and the United Arab Emirates.

 ARTICLE TITLE HERE

Oracle will pay $23 million in a settlement with the United States government over bribery schemes foreign company sales representatives and partners allegedly perpetrated for about three years.

This is the second time the Austin, Texas-based database services and cloud vendor has been caught creating slush funds overseas, according to the U.S. Securities and Exchange Commission. The new charges are for schemes perpetrated by Oracle’s subsidiaries in Turkey, the United Arab Emirates and India.

Oracle did not admit or deny the SEC’s findings, which cover actions committed between 2016 and 2019. But Oracle did take steps to prevent the schemes in the future, according to the SEC.

[RELATED: VMware Violated US Securities Act To Hit Targets, SEC Says: What You Need To Know]

Oracle will pay $8 million in disgorgement – which is based on the profits made from wrongful conduct – plus a $15 million penalty.

In a statement to CRN, Oracle Corporate Communications Vice President Michael Egbert said, “The conduct outlined by the SEC is contrary to our core values and clear policies, and if we identify such behavior, we will take appropriate action.”

The SEC decided to settle with Oracle due in part to the company cooperating with the investigation, sharing information, providing translations of key documents and facilitating interviews with current and former employees of the foreign subsidiaries.

CRN has reached out to the SEC for further comment.

In a statement about the settlement, Charles Cain, the SEC’s Foreign Corrupt Practices Act (FCPA) unit chief, said that the schemes highlight “the critical need for effective internal accounting controls throughout the entirety of a company’s operations.”

The Capital Markets Board of Turkey, Emirates Securities and Commodities Authority and the Securities and Exchange Board of India assisted the SEC with the investigation, according to the SEC.

The Oracle subsidiaries used slush funds to pay for foreign officials attending technology conferences, a violation of Oracle policies and procedures. In some instances, Turkey subsidiary employees paid for officials’ families to accompany them to international conferences and “side trips” to California. Oracle’s actions violated the FCPA, according to the SEC.

The SEC last sanctioned Oracle in 2012 for violating the FCPA when an Oracle subsidiary secretly set aside about $2 million from the company’s books to make payments to “phony vendors in India.” Some of the phony vendors were storefronts that didn’t provide any services to Oracle, with Oracle India employees covering their tracks with fake invoices.

Oracle paid a $2 million penalty to settle the 2012 charges, which related to actions Oracle India took between 2005 to 2007, according to the SEC.

Oracle Fires Involved Employees 

Oracle fired senior regional managers and employees involved in the misconduct and separated from employees with supervisory responsibilities over the misconduct, according to the SEC. It terminated distributors and resellers involved in the misconduct.

To prevent further misconduct, Oracle strengthened and expanded its global compliance, risk and control functions, creating 15 new related positions and teams at Oracle, according to the SEC.

Oracle also improved its discount approval process, added transactional controls, increased control over the purchase acquisition approval process and limited financial incentives and business courtesies for third parties, especially in public sector transactions.

The company also improved customer registration and payment checking processes related to its technology conferences and reduced “substantially” the number of partners in its Oracle PartnerNetwork, according to the SEC. The company enhanced the due diligence processes for third parties, started a compliance data analytics program and improved anti-corruption training for employees and third-parties.

VARs Used For Schemes, SEC Says

In the SEC cease-and-desist order against Oracle, the agency notes that Oracle’s channel partner program and Oracle value-added resellers (VARs) and value-added distributors (VADs) were part of the scheme.

“While Oracle used the indirect sales model for a variety of legitimate business reasons, such as local law requirements or to satisfy payment terms, it recognized since at least 2012 that the indirect model also presented certain risks of abuse – including the creation of improper slush funds,” according to the order.

As part of the scheme, sales employees at Oracle subsidiaries requested purchase orders meant to reimburse resellers and distributors for expenses related to marketing Oracle’s products. If the orders were under $5,000, first-level supervisors could approve the orders without corroborating documentation proving that the resellers and distributors did any work.

“Oracle subsidiary employees based in Turkey and the United Arab Emirates requested sham marketing reimbursements to VADs and VARs as a way to increase the amount of money available in the slush funds held at certain channel partners,” according to the SEC. “The direct supervisors of these sales employees, who were complicit in the scheme, approved the fraudulent requests.”

The SEC continued: “Oracle Subsidiary employees were able to implement a scheme whereby larger discounts than required for legitimate business reasons were used in order to create slush funds with complicit VADs or VARs. The channel partners profited from the scheme by keeping a portion of the excess deal margin.”

Oracle Turkey Schemes Allegedly Included Theme Park Visit 

Between 2009 and 2019, Oracle Turkey employees “routinely used the slush funds to pay for the travel and accommodation expenses of end-user customers, including foreign officials, to attend annual technology conferences in Turkey and the United States, including Oracle’s own annual technology conference,” according to the SEC.

“In some instances, these funds were also used to pay for the travel and accommodation expenses of foreign officials’ spouses and children, as well as for side trips to Los Angeles and Napa Valley,” according to the SEC.

The SEC continued: “Oracle Turkey’s management, including the country leader, knew of and condoned the practice. Given how these schemes were implemented, Oracle lacks records regarding the full size and scope of how these off-book slush funds were used.”

In 2016, an Oracle Turkey sales representative implemented a scheme where he falsely claimed that he needed a significant discount on a deal with Turkey’s Social Security Institute (SSI) due to intense competitions from other vendors.

An Oracle employee in the U.S. approved the deal but asked for no additional documentation to justify the discount.

“Instead of intense competition, Turkey’s public procurement records that were available at the time indicated that the SSI required Oracle products to fulfill the tender, which precluded competition from other original equipment manufacturers,” according to the SEC. “The Turkey Sales Representative used the excess margin to increase the amount of money kept in a slush fund maintained by the VAD for the deal.”

The next year, the same Oracle Turkey sales representative used a reseller working on a database infrastructure order to make a slush fund for SSI officials. Oracle U.S. personnel approved “a significant discount” for the deal, generating a margin of about $1.1 million, “only a portion of which was used to purchase legitimate products such as software licenses,” according to the SEC.

“The Turkey VAR only kept a nominal amount for itself and while following instructions from the Turkey Sales Representative, the Turkey VAR passed the majority of the funds to other entities, including an entity controlled by (an SSI) Intermediary,” according to the SEC. “The Intermediary-controlled entity that was responsible for providing the cash bribes to SSI officials received at least $185,605.”

In 2018, the same Oracle Turkey employee “sought to improperly influence” officials with Oracle’s Ministry of Interior (MOI) for work on the country’s 112 emergency call system – similar to 911 in the U.S.

The Oracle Turkey employee brough four ministry officials on a weeklong trip to California “that was likely paid for with funds from a VAD account,” according to the SEC.

The Oracle Turkey sales account manager told Oracle headquarters personnel that he needed an excessive, non-standard discount for the project because of the ministry’s “budgetary restraints” and “stiff competition from other original equipment manufacturers,” according to the SEC.

“In reality, the MOI did not conduct a competitive bidding process for this contract,” according to the SEC. “Instead, the MOI required any bidders that responded to the tender offer to include Oracle products in their bid.”

At the time, Oracle was headquartered in Redwood Shores, Calif. During the California trip, ministry officials spent about 15 minutes at Oracle’s headquarters. They spent the rest of the week with the Oracle Turkey employee in Los Angeles, Napa Valley and an unnamed theme park.

Oracle Turkey received “a large follow-on order related to the” emergency call system project, according to the SEC.

The Oracle UAE Scheme

Meanwhile, Oracle United Arab Emirates (UAE) sales employees used excessive discounts and marketing reimbursement payments to make slush funds – nicknamed “wallets” – at resellers from at least 2014 to 2019, according to the SEC.

“Oracle UAE sales employees directed the VARs how to spend the funds, and used the wallets to pay for the travel and accommodation expenses of end customers, including foreign officials, to attend Oracle’s annual technology conference in violation of Oracle’s internal policies,” according to the SEC.

An Oracle UAE sales account manager for a state-owned entity paid about $130,000 in bribes to the entity’s chief technology officer for six contracts between 2018 and 2019. Two resellers helped to fund the first three bribes with excessive discounts. The bribes were paid through an entity that was not an Oracle-approved reseller for public sector transactions.

The only purpose for the entity was making bribes, although it was also used as a reseller for the final three deals despite not being an approved Oracle reseller for public sector transactions, according to the SEC.

The Oracle India Scheme

Oracle India sales employees used excessive discounts for a transportation company majority-owned by India’s Ministry of Railways in 2019.

As part of the scheme, Oracle India sales employees sought a 70 percent discount on software as part of the deal, citing intense competition from other vendors. An Oracle employee in France approved the request without requesting further documents. In actuality, the publicly available procurement website for the deal said Oracle products were mandated anyway.

“One of the sales employees involved in the transaction maintained a spreadsheet that indicated $67,000 was the ‘buffer’ available to potentially make payments to a specific Indian” official, according to the SEC. “A total of approximately $330,000 was funneled to an entity with a reputation for paying (Indian) officials and another $62,000 was paid to an entity controlled by the sales employees responsible for the transaction.”

Wade Tyler Millward

Wade Tyler Millward is an associate editor covering cloud computing and the channel partner programs of Microsoft, IBM, Red Hat, Oracle, Salesforce, Citrix and other cloud vendors. He can be reached at wmillward@thechannelcompany.com.

Tue, 27 Sep 2022 07:52:00 -0500 en text/html https://www.crn.com/news/cloud/sec-oracle-to-pay-23m-to-settle-foreign-bribery-charges
Killexams : Oracle Announces General Availability of MySQL Heatwave on AWS

Oracle recently announced the general availability (GA) of MySQL Heatwave, a service that combines OLTP, analytics, machine learning, and machine learning-based automation within a single instance on AWS.

The company first released the cloud database service on Oracle Cloud Infrastructure (OCI) in 2020 to provide customers with a managed offering that integrates both online analytics and transaction processing capabilities. Later in 2022, autoML was added to the service. Now, it is available for the first time outside the Oracle Cloud Infrastructure – allowing users to run their transaction processing, analytics, and machine learning workloads in one service on AWS without needing ETL duplication between separate OLTP and OLAP databases.


Source: https://www.oracle.com/mysql/heatwave/

Peter Zaitsev, founder & CEO at Percona, tweeted:

Oracle finally admits nobody cares about Oracle Cloud and takes Heatwave to AWS, where previously it was one of unique "completing" features of OCI.

In a press release, Oracle announced several new capabilities for MySQL HeatWave on AWS. The service offers a native experience on AWS, the ability to monitor performance and the utilization of provisioned resources, and integration with MySQL Autopilot, which provides workload-aware, machine learning-based automation of the application lifecycle, including data management and query execution. In addition, it also offers comprehensive security features such as server-side data masking and de-identification, asymmetric data encryption, and a database firewall.

Sanjeev Mohan, a principal at Sanjmo, explains in a LinkedIn blog post:

The data plane, control plane, and console all run natively on AWS. The code base used for AWS is the same as the one used on OCI. However, Oracle has added several enhancements and integrated with AWS services, such as CloudWatch for monitoring resources and operational logs and metrics.

In the same press release, Oracle claims that MySQL HeatWave compared to other systems on AWS, provides better price performance. For instance, MySQL HeatWave on AWS delivers a price-performance seven times better than Amazon Redshift, ten times better than Snowflake, 12 times better than Google BigQuery, and four times better than Azure Synapse when running queries derived from the 4TB TPC-H benchmark.

Holger Mueller, VP and principal analyst, Constellation Research, said in one of the industry analyst statements on MySQL on AWS: 

The fact that the MySQL Engineering team can not only deliver the MySQL Heatwave offering on AWS but also provide architectural adaptations for better performance and TCO is another proof of the brilliance of the underlying software architecture.

In addition, Mueller told InfoQ:

Oracle is moving its software to the data on AWS, which will make potential adoption of customers on AWS with their data there - managed on competitive platforms - easier to migrate.

Lastly, MySQL HeatWave is now available in multiple clouds, OCI and AWS, with Microsoft Azure following soon. 

Wed, 21 Sep 2022 06:06:00 -0500 en text/html https://www.infoq.com/news/2022/09/oracle-mysql-heatwave-aws/
Killexams : Exelon Optimizes its Operations with Oracle Cloud Infrastructure

Leading energy company will run several Oracle utility applications on OCI to Boost IT efficiencies, lower cost, and support its aggressive sustainability goals

AUSTIN, Texas, Sept. 27, 2022 /PRNewswire/ -- Oracle today announced that the Exelon Corporation, the nation's largest transmission and distribution utility company, is moving its cloud-first vision forward with Oracle Cloud Infrastructure (OCI). By moving several of its Oracle utility applications to OCI, Exelon will be able to further meet its sustainability goals by consolidating data centers, reducing costs, and continuing to deliver on its strong record of customer satisfaction.

(PRNewsfoto/Oracle)

"Exelon is a leader in the utility market who has long been at the forefront of investing in technologies that create a better experience for its customers while also being proactive in achieving important sustainability goals," said Rodger Smith, senior vice president and general manager of Oracle Energy and Water. "The move to OCI is a natural progression of Oracle's work with Exelon to help the company continue to meet its aggressive growth, cost-efficiency, and net-zero by 2050 commitments."

Exelon serves more than 10 million customers in the Midwest and Mid-Atlantic United States through six fully regulated transmission and distribution utilities.

"Our mission is to deliver the clean, reliable, and affordable energy needed to create a brighter, more sustainable future," said Michael Menendez, vice president of IT Architecture & Engineering, Exelon Corporation. "Oracle has supported this mission by innovating with Exelon across critical pieces of our operations - from energy efficiency to customer service. Oracle's unique utility and back-office applications combined with the price, performance, and security of OCI is a powerful combination that will continue to help us scale our cloud-first strategy."

From the cloud to carbon reduction and customer care

Accenture, a long-time digital transformation partner of Exelon, will help the company move a number of integral applications to the cloud. These include Oracle's customer information system (CIS) and meter data management solutions. The CIS application, in conjunction with Oracle CX solutions, is currently being used across several of the Exelon utilities, providing a single view of the customer that helps Exelon foster a better, more personalized experience – from service call interactions to accurate billing. Likewise, meter data management is helping Exelon capture smart meter data to optimize its use to help support its core operations, energy reliability, and customer innovation. In addition, by leveraging the Oracle Support Rewards, Exelon will be able to shift key applications to OCI for better performance, availability, and security - all for a lower cost.

"Evolving customer and employee expectations make delivering  impactful, sustainable experiences a critical imperative," said Laurence Bellenguez, the Accenture Oracle Business Group Industry lead for North America. "OCI, coupled with Accenture's technology and industry expertise, is helping Exelon reimagine its employee and customer experience – providing more personalized interactions and significant operational efficiencies, with sustainability at its core."

Exelon is also taking advantage of the Oracle Cloud Infrastructure Resident Architect Program, a highly personalized service designed to streamline adoption and successful use of OCI based on Exelon's specific workloads. With the Resident Architect Program, Exelon is supported by a dedicated team of Oracle Enterprise Cloud Architects and certified to augment its existing team and provide deep industry expertise and broad technical OCI proficiency.

About Oracle 
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

Trademarks 
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/exelon-optimizes-its-operations-with-oracle-cloud-infrastructure-301633390.html

SOURCE Oracle

Tue, 27 Sep 2022 02:35:00 -0500 en-US text/html https://finance.yahoo.com/news/exelon-optimizes-operations-oracle-cloud-120500878.html
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