Once rivals, Oracle and Salesforce team up
Oracle will integrate some of its cloud-based software programs with Salesforce products.
Oracle, the technology giant losing market share to younger firms that sell software via the Web, has signed a long-term partnership with archrival and cloud computing pioneer Salesforce.com Inc.
The two companies said on Tuesday that Oracle¬†will integrate some of its cloud-based software programs with Salesforce products. The companies gave few details on the unprecedented partnership, which also calls for Salesforce to expand its own use of Oracle¬†products.
Oracle, which unveiled a separate cloud partnership with longtime rival Microsoft Corp on Monday, is looking to accelerate growth by expanding sales of cloud-computing products, one of the few fast-growing areas in the technology sector.
Oracle shares have grown 35 percent over the past five years, while Salesforce stock has soared more than 100 percent.
A bitter rivalry traces back to 2000, when Benioff fired Ellison from the Salesforce board of directors after Oracle¬†started selling competitive software.
Spokeswomen for both companies declined to elaborate beyond the announcement in a press release.
That contrasted sharply with Monday's unveiling of the new Oracle-Microsoft partnership, heralded in a press conference featuring Microsoft CEO Steve Ballmer and Oracle¬†President Mark Hurd.
The products that Salesforce plans to purchase from Oracle¬†include one that manages human resources, known as human capital management software.
That may signal that Salesforce has canceled ambitious plans to develop similar software that would compete with Oracle¬†software. Benioff disclosed those plans to Reuters in December 2011.
Benioff could not be reached for comment.