U.S.-based multinational technology corporation Oracle was already growing substantially even before reaffirming its commitment to Singapore with of a cloud region last week, a company executive said in a recent news release.
Oracle, headquartered in Austin, Texas, is a known and attractive quantity, particularly its Oracle Cloud Infrastructure (OCI) training and certifications, Oracle Asia Pacific and Japan President Garrett Ilg said in a news release posted to PR Newswire on Nov. 9.
"Customers are pivoting to Oracle because of the high performance, built-in security, and low cost of OCI," Ilg said. "We've witnessed triple-digit growth in the business last year and want to help customers innovate and modernize, while helping them address in-country data residency requirements."
The news release announced Oracle's opening of its Oracle Cloud Singapore Region, a new region that will support growing demand for enterprise cloud services in South East Asia. The new region will expand Oracle's reach to 33 cloud regions globally, which is expected to fuel the region's economic recovery and contribute to its digital economy.
"With the opening of the new cloud region and the initiatives to support local innovation and growth, we are reaffirming our commitment to Singapore and to the region, Ilg said. "The availability of OCI will help improve the speed of innovation, empower startups and champion upskilling for Singaporeans."
Oracle is encouraging Singapore's innovation and digital initiatives, which are underpinned by cloud infrastructure, by offering 100 startups $30,000 (U.S.) each in Oracle Cloud credits over the next two years. Oracle already provides free OCI training and certifications, programs it plans to continue until March 31.
The free training is expected to expand Singapore's IT talent workforce, easing businesses efforts to acquire or develop skilled professionals to ensure their own quick growth and innovation.
"We welcome Oracle's move to accelerate startups in Singapore," Singapore Economic Development Board Managing Director Jacqueline Poh said in the same news release. "These initiatives show the confidence that the international business community has in Singapore, as a place where established businesses can work with a vibrant entrepreneur community to transform, innovate and grow."