Microsoft and Oracle Join Forces to Take on Cloud Computing Competition.

June 25, 2013
By

From NDTV.

“Microsoft Corp said on Monday it would support Oracle Corp software on its cloud-based platforms, a tie-up aimed at improving the rivals’ chances against nimbler Web-based computing companies chipping away at their traditional businesses.

The two industry leaders have competed for decades to sell technology to the world’s largest companies. But they face growing pressure from new rivals selling often-cheaper services based in remote data centers, and they are rushing to adapt.

The two companies have long collaborated out of the public eye to meet customers’ needs, Microsoft Chief Executive Steve Ballmer said on a conference call. “In the world of cloud computing, I think behind-the-scenes collaboration is not enough.”

The tie-up does not resolve major competitive challenges the two tech pioneers face in the cloud market, but their cooperation was seen as a symbolically important step.”

The rest of this article may be found here.

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