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Oracle is enabling customers to reuse existing on-premises software licenses for Oracle platform-as-a-service (PaaS) through the release of two new cloud programs titled 'Bring Your Own License to PaaS' and 'Universal Credits.'
Customers with existing on-premises licenses can leverage that investment to use Oracle platform-as-a-service (PaaS) at a fraction of the old PaaS price, in doing so, customers reduce their management and operational costs - Oracle PaaS includes Oracle Database, Middleware and Analytics.
The tech giant already allows customers to bring their on-premises licenses to its infrastructure as-a-service (IaaS) and this is another step in bringing them into cloud environments, while addressing the cloud adoption challenges they face with their on-premises software investments.
"We are completely transforming the way all companies buy and use cloud by providing flexibility and choice," Oracle executive chairman of the board and CTO Larry Ellison said.
"Today, we combined the lowest prices with the highest performance and more automation to deliver a lower total cost of ownership for our customers."
In addition, Oracle is touting Universal Credits as the 'most flexible buying and consumption model for cloud services.'
Specifically, it offers customers one contract with unlimited access to all current and future Oracle PaaS and IaaS services across Oracle Cloud and Oracle Cloud at Customer.
Users can gain on-demand access to all services and lower cost pre-paid services, alongside the ability to upgrade, expand or move services across data centres as required, and can also benefit from using new services with their existing set of cloud credits.
Furthermore, users can also switch IaaS and PaaS services without having to notify Oracle.
Recently, Brisbane-based partner, Rubicon Red, launched a dedicated Oracle Cloud practice across Australia, focusing on PaaS and IaaS capabilities.
In July, the database vendor revealed its total cloud revenues were up 58 per cent, topping US$4.1 billion, with PaaS and IaaS revenues up 40 per cent to US$397 million.
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