Oracle Partners with NetApp to Launch Cloud Storage Service, Shares Rise Nearly 5%

BlockBeats news, September 30: Oracle and NetApp announced an expansion of their partnership, planning to launch a storage service natively integrated into Oracle Cloud Infrastructure (OCI), helping enterprises migrate and manage AI and other workloads while retaining existing data management and protection capabilities.

According to TradingBeats monitoring, following the announcement of the partnership, ORCL was last reported at $139.4, up 4.8% in 24 hours.

According to Oracle, the service will allow enterprises to migrate to OCI while retaining existing storage operations and data protection mechanisms, reducing the need for application refactoring and facilitating the migration of AI and database businesses to Oracle Cloud.