In the modern-day world where lots of data is made, stored, and retrieved to be processed, there was a need for a robust database management system that can handle such needs in a scalable and secure manner. Oracle from Oracle Incorporation provides a relational database management system that supports any data model. It comes with different product editions like Standard edition, Enterprise, Express Edition, and personal edition that a user chooses from depending on their need. Oracle is scalable, secure and has higher performance ability as compared to other database systems available.
It moved Oracle headquarters to Austin, Texas from Redwood City, California in 2020. Making it one of the tech giants leaving Silicon Valley during the Corona virus pandemic. Its headquarters design is inspired by a structural image or database and provides a conducive environment for work in the less expensive city of Austin.
Oracle formally known as Software Development Laboratories, was founded in 1977 by Larry Ellison and Bob Miner, by Larry Ellison and Ed Oates.
Larry Ellison was born in New York City. His dad was an Italian American United States Army pilot. At the age of nine months, his mother gave him to her aunt for adoption.
He spent years in California as a computer programmer for various companies. At the beginning of 1973, he worked at an electronics company Ampex. That’s where he met Ed Oates and Bob Miner who later become the founders of Oracle.
Ellison is one of the most admired people in Silicon Valley for his great success. He founded a team that won prestigious America’s Cup in 2012. Moreover, he owns 98 percent of the Hawaiian island of Lanai since 2012. In 2012 his net worth was estimated at $40 billion making him the 3rd richest after Bill Gates and investor Warren Buffett. He later stepped down as the CEO of Oracle in September 2014, he is currently serving as the chief technology officer (CTO) and executive chairman.
He was Larry’s supervisor at Ampex. Upon starting Software Development Laboratories (today’s Oracle) Bob Miner served as the lead engineer, he programmed the majority of Oracle Version 3 alone. He was diagnosed in 1993 with pleural mesothelioma, lung cancer caused by exposure to asbestos. He died in November 1994 at 52.
He graduated with a BA in Maths from San Jose State University. Worded for the US Army Personnel Information Systems Command, Ampex before co-founding Oracle in 1977. He is building H0
scale model railroads and does video works for Woodside Priory School Theatre.
Like most companies, Oracle’s history has come a long way to becoming the world’s leading technology company that it is. The history shows the track of its progress through the development and sales of computer hardware systems, software, and Oracle itself, the world-famous database technology.
It started as Software Development Laboratories (SDL) on 16th June 1977 in Santa Clare, California by the 3 founders. The first Oracle was completed in 1978 and written in assembly language.
June 1979, Software Development Laboratories (SDL) was renamed Relational Systems Inc and moved to Menlo Park, California. They made available the first commercial SQL RDBMS i.e., relational
database management system. And the second version of Oracle was released which ran on PDP-11 hardware.
Relational Systems Inc RSI renamed the company in 1982 to Oracle Systems Corporation thus aligning themselves with Oracle (the main product).
Oracle Database was rewritten in C for portability in 1983 hence the release of Oracle v3. Oracle went public with a revenue of $55 million in March 1986. other versions like the Oracle v5 and Oracle v5.1.
Moreover, Oracle offered a client-server DBMS.
Oracle experienced a loss that led to four hundred employees losing their jobs. They released Oracle 7 in June 1992. In 1995 June Oracle Systems Corporation merged with Oracle Corporation.
Oracle reported its internet Strategy in November 1995.
2000 to date
Oracle remains a multinational technology company with diverse tech solutions in Integrated Cloud Applications and Platform Services.