Oracle Goes Live With Public Cloud Service

Oracle also unveiled a new set of premium customer support services for owners of the company's engineered system servers and storage products.

"This has been a combination of years of innovation and investment, combined with some key, strategic acquisitions to put this cloud together," said Larry Ellison, CEO, Oracle.

The company has been developing its Fusion line of cloud applications for nearly seven years and the first of those products -- cloud-based Financial Management, Human Capital Management (HCM) and Customer Relationship Management (CRM) applications -- went live late last year.

Since then, the company has beefed up its cloud-application offerings with several acquisitions including Taleo, for talent management, and RightNow, for customer service.

Oracle announced the Oracle Public Cloud at Oracle OpenWorld in October, but the service was not live until now.

In addition to cloud-based applications, the Oracle Public Cloud offers a range of services including infrastructure services, Java development tools and services for programmers, database and file-sharing services, analytics and social networking services.

Ellison called the new offerings "the most comprehensive cloud on the planet" and repeatedly emphasized that customers can move applications and data between the Oracle cloud system and the customer's on-premise data center as needed. "It is very easy to make the migration to the cloud -- gracefully," he said.

The Oracle CEO touted the flexible capacity of the Oracle Public Cloud. "We have data centers all over the world," he said. While the elasticity of the Oracle service is somewhat similar to Amazon's cloud services, he said, other competitors -- which Ellison did not name -- "cannot respond to capacity on demand."

Ellison touted the system's security. "One of the things about the Oracle database in the cloud is that it is secure. We keep your data separate and secure." The service runs on fault-tolerant hardware for reliability. And Ellison noted that the system is built on industry standards such as service-oriented architecture (SOA), HTML5 and Java.