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By Lee Min-hyung
Oracle Korea said Wednesday that it will increase its footprint in the nation's database cloud market by launching more cloud services this year.
The local subsidiary of the U.S.-based enterprise solutions giant said it will expand its presence as a Platform as a Service (PaaS) provider in the local market. The company previously launched its on-demand clustering cloud service and "Exadata" cloud software to meet the growing demands from local information and technology (IT) giants.
"The main purpose of adopting cloud computing for enterprises is a cost reduction to lower capital expenditure and operation expense," Chang Sung-woo, senior director at Oracle Korea, said in a press conference at its headquarters in southern Seoul.
In the press conference, Oracle Korea unveiled its yearly achievement for its cloud business here. The company said it saw the biggest growth in the Korean market among its Asia-Pacific counterparts, last year. In particular, the company stressed it recorded a three-digit growth, compared to a year ago.
The company said Cisco, the U.S.-based network equipment manufacturer, has achieved a 75-percent increase in database management efficiency after adopting Oracle cloud solution. Verizon, the telecommunication giant, could reach nine times faster database accessing speed by using the Oracle cloud service, the company added.
"Enterprises should consider selecting customized database cloud solution to enhance business agility – for that Oracle meets the need of advanced database cloud with a wide range of portfolio including public, private and hybrid cloud to meet enterprises' various needs," he said.
Last month, the company held Oracle CloudWorld Seoul event in Seoul, for the first time in the world, stressing the potential of the Korean market with Asia's most-developed IT infrastructure. Steve Daheb, senior vice president at Oracle, previously said the company aims to expand its presence here by launching what it calls "migrated solutions" which include cloud services supporting multiple operating systems (OS) and other forms of platforms.
