Oracle and NetApp said on Sept. 30 that they are expanding their partnership and plan to launch a storage service natively integrated with Oracle Cloud Infrastructure, or OCI. The service is aimed at helping enterprises move and manage workloads including AI while keeping their existing data management and protection capabilities in place.
Oracle said the offering will let companies migrate to OCI without giving up current storage operations and data protection mechanisms. It also said the setup is designed to reduce the need for application refactoring, which could make it easier for enterprises to move AI and database workloads onto Oracle’s cloud platform.
Market reaction followed the announcement. According to TradingBeats, Oracle shares, traded under the ticker ORCL, were last indicated at $139.4, up 4.8% over the past 24 hours after the partnership expansion was made public.
Oracle and NetApp said on Sept. 30 that they are expanding their partnership and plan to introduce a storage service natively integrated with Oracle Cloud Infrastructure, or OCI, to help enterprises migrate and manage workloads such as AI while retaining existing data management and protection capabilities.
According to Oracle, the service will allow enterprises to move to OCI while keeping their current storage operations and data protection mechanisms, cutting the amount of application refactoring required. The company said that could make it easier for customers to move businesses including AI and databases onto Oracle Cloud.
According to TradingBeats, ORCL was indicated at $139.4 after the announcement, up 4.8% over the past 24 hours.
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