Salesforce (CRM) Oracle (ORCL) Able to Share Data
On Thursday Oracle;s (Nasdaq: ORCL) CEO Larry Ellison told investors during the company's quarterly conference call he has big news to share next week.
"Next week, we will be announcing technology partnerships with the most important âthe largest and most important SaaS companies and infrastructure companies in the cloud . . . I would call them a startling series of announcement with companies like Saleforce.com (Nasdaq: CRM), NetSuite (NYSE: N), Microsoft (Nasdaq: MSFT) all that happen next week will give you the details. These partnerships in the cloud I think will reshape the cloud and reshape the perception of Oracle Technology in the cloud. 12c in other words is the most important technology we've ever developed for this new generation of cloud security," said Ellison.
Part of the news, according to NY Times sources, is an agreement that salesforce and Oracle products will be able to easily share data.
Data sharing could make both products more attractive to buyers, thinks the NY Times.
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