Oracle Corporation is an American multinational computer technology corporation, with headquarters in Redwood Shores, California. The company specializes in developing and marketing database software and technology, cloud-engineered systems, and enterprise software products—particularly its own brands of database management systems. In 2015 Oracle was the second-largest software maker by revenue, after Microsoft.
The company has expanded through numerous mergers and acquisitions to become a major player in the enterprise computing market. Oracle’s product line includes tools for database development, cloud computing, enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM), business intelligence (BI) reporting platforms as well as application server technologies.
In 1977 Larry Ellison along with his friends Bob Miner and Ed Oates founded Software Development Laboratories (SDL). SDL developed the original version of the Oracle RDBMS which they released to public beta testing on June 16th, 1979 followed by a full release later that year. In 1982 SDL changed its name to Relational Software Incorporated or RSI because their primary product had become known simply as “Oracle” due to its superior ability compared to other relational databases at the time such as being faster more efficient etcetera. A couple of years later in 1984, IBM started using Oracle Database on their mainframes after signing a $30 million contract which caused other companies who were also interested but hesitant about this newfangled thing called relational databases to start taking notice of what RSI was doing over there in Silicon Valley land. It wasn’t until 1986 when things really started picking up for them when they had their IPO making Ellison himself instantly worth 70 million dollars give or take becoming one of Forbes 400 Richest Americans list where he remains today.
Oracle is also a powerful database management system that enables businesses to effectively store, manage, and retrieve data. Oracle provides a robust set of features and tools that make it an ideal choice for businesses of all sizes. With Oracle, businesses can enjoy increased efficiency and productivity while reducing costs.