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Oracle

Oracle Corporation is a multinational computer technology corporation headquartered in Austin, Texas. Founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates, Oracle specializes in developing and marketing database software and technology, cloud-engineered systems, and enterprise software products. Known for its Oracle Database software, the company is a major player in the global IT industry, providing solutions for data management, cloud computing, and enterprise resource planning (ERP).

Creation Time:2024-05-18 16 key nodes English

The Timeline

1977 — 2022

  1. 1977

    Foundation of Oracle Corporation

    Oracle Corporation was founded by Larry Ellison, Bob Miner, and Ed Oates under the name Software Development Laboratories (SDL).
  2. 1979

    Release of Oracle V2

    Oracle released Oracle V2, the first commercially available SQL-based relational database management system (RDBMS).
  3. 1982

    Renaming to Oracle Systems Corporation

    The company changed its name from Relational Software Inc. (RSI) to Oracle Systems Corporation to align with its flagship product, the Oracle Database.
  4. 1983

    Introduction of Oracle Database 3

    Oracle Database 3 was launched, featuring the first portable RDBMS and running on mainframes, minicomputers, and PCs.
  5. 1986

    Oracle Goes Public

    Oracle Corporation went public with its initial public offering (IPO) on the NASDAQ stock exchange.
  6. 1987

    Oracle Database 5 Release

    Oracle released Oracle Database 5, which included support for the client-server model.
  7. 1992

    Oracle Database 7 Launch

    Oracle introduced Oracle Database 7, which brought features like stored procedures, triggers, and declarative referential integrity.
  8. 1995

    Oracle Enters ERP Market

    Oracle entered the enterprise resource planning (ERP) market with the release of Oracle Applications 10.7.
  9. 1999

    Oracle 8i Release

    Oracle released Oracle 8i, which was designed specifically for internet computing, featuring a built-in Java Virtual Machine (JVM).
  10. 2000

    Oracle E-Business Suite 11i

    Oracle launched Oracle E-Business Suite 11i, a comprehensive suite of business applications.
  11. 2004

    Acquisition of PeopleSoft

    Oracle acquired PeopleSoft, a major player in the ERP market, for $10.3 billion.
  12. 2008

    Oracle Becomes Second Largest Software Company

    Oracle became the second-largest software company in the world by revenue, following Microsoft.
  13. 2010

    Acquisition of Sun Microsystems

    Oracle acquired Sun Microsystems for $7.4 billion, gaining control over Java and the Solaris operating system.
  14. 2014

    Larry Ellison Steps Down as CEO

    Larry Ellison stepped down as CEO of Oracle, becoming the Executive Chairman and Chief Technology Officer. Mark Hurd and Safra Catz were appointed as co-CEOs.
  15. 2020

    Oracle Cloud Infrastructure (OCI) Expansion

    Oracle significantly expanded its Oracle Cloud Infrastructure (OCI) services, focusing on cloud computing and data management solutions.
  16. 2022

    Acquisition of Cerner Corporation

    Oracle acquired Cerner Corporation, a leading provider of digital information systems used within hospitals and health systems, for $28.3 billion.

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