Verizon intros per-hour billing for Oracle cloud products

NEW YORK, USA: Verizon Enterprise Solutions and Oracle, two leaders in the cloud market, today announced they will enable customers to use Oracle Database and Oracle Fusion Middleware on Verizon's cloud infrastructure, including the new Verizon Cloud, and pay for access on an hourly basis.

Verizon creates enterprise-level services that allow large companies and mid-size businesses to tap into the power of the cloud. Oracle provides greater choice and flexibility to customers through multiple deployment options for its software, including on-premises, public, private and hybrid clouds.

Customers can bring their own Oracle licenses to the Verizon platform or purchase Verizon cloud services, which already include Oracle licenses. Current Verizon eCloud and Managed Hosting customers can also be able to use Oracle software on a per-hour cost basis and can leverage existing Oracle licenses, said a press release.

This is critical for Global 1,000 companies in industries like financial services, retail and energy as they migrate from on-premises solutions to hybrid or cloud-based environments. With Oracle Database and Oracle Fusion Middleware on Verizon Cloud, customers can leverage existing assets, gain efficiencies in the cloud and pay for only what they need on an hourly basis rather than having to purchase perpetual licenses.

"This deal represents two market leaders coming together to create a compelling cloud offering that will help enterprises succeed in a highly competitive market environment," said Oracle president Mark Hurd. "Combining Verizon's unique enterprise experience and capabilities with Oracle's best-in-class cloud products will provide customers another easy and cost-effective choice for embracing the cloud."

Verizon Cloud, announced in October 2013 and currently in beta, provides clients with performance, flexibility and control in their cloud environment. This agreement with Oracle demonstrates Verizon's commitment to building an ecosystem of enterprise-class technologies, delivered as services on top of Verizon Cloud.

"With Oracle, we're helping enterprises transform their operations with the cloud," said John Stratton, president, Verizon Enterprise Solutions. "Few companies begin with a complete cloud environment, and the benefits of migrating to the cloud have at times been outweighed by the challenges and costs associated with making a change. Oracle and Verizon have now removed those obstacles. Companies can use their existing Oracle licenses or pay as they go for Oracle's software and gain the power of Verizon's next-generation enterprise cloud."