Oracle corporation, initially called Software Development Laboratories, was founded in 1977 by Larry Elison and Bob Miner, computer programmers at Ampex Corporation, an American electronics company along with Ed Oates, Elison's supervisor at Ampex. The idea for the relational database was inspired by a paper by Edgar F Codd that outlined a relational model. They had the vison of making this data management concept commercial as it arranged large amounts of data efficiently and also enabled quick retrieval. Thus the trio started developing the program based on Codds theory and in 1979 the company released Oracle, the earliest commercial relational database program using structured query language.
Once he learned the skills and concepts for relational databases Larry Ellison began to pursue his dream to start a data management company now know as Oracle. In the early years it was in competition with IBM which was also in the race to develop a relational database at that time. The IBM database is IBM DB2. But of the two Oracle is more widely used and popular.
Its first customer was the US Air Force which used the program at its air force base.
Oracle has grown from its humble beginnings as one of a number of databases available in the 1970s to the overwhelming market leader today.
In 1978 the first Oracle software was born, written in assembly language running on PDP-11 under RSX-11 in 128K memory. The first Oracle version was never released and the implementation separated oracle code from user code. The name Oracle came from the code name of a CIA project that the three original founders Elison, Bob and Ed had worked on in Amex Corporation.
In the year 1979,they offered the first commercial SQL relational database management system. The second version of Oracle released ran on PDP-11 hardware and they named it as Oracle v2 to capture more customers and they starting promoting it on the VAX platform.
In 1984 the database software was ported to the PC platform with the MS-DOS version 4.1.4 running on 512K memory.
In 1985 it was released to operate in client-server mode.
Initial funding was through personal funding of its founders and Venture Capitalists and it went public in 1986 and was then financed through its IPO and since then it has not raised any additional funds through Venture Capitalist or private investors.
In 1987 UNIX-based Oracle applications were introduced and a year later Oracle v6 was released with hot backups, embedded PL/SQL procedural engine within the database and support for row-level locking. In 1988 Oracle induced PL/SQL. The growth in the company led to relocation of the world headquarters to Redwood Shores, California in 1989 and revenues reaching $584 million.
In 1989, Oracle moved its headquarters to Redwood City, California.
In 1995, Oracle Systems Corporation changes its name to Oracle Corporation and it became the first large software company to report an internet strategy and offered the first 64-bit RDBMS.
In June 1998 Oracle v8 was released with internet technology, support for terabytes of data and SQL object technology.
In 1998 they announced integrating a JVM with the oracle database and in September of that year Oracle 8i was release, with i standing for internet.
In 1999 Oracle offered its first DBMS with XML support.
In 2010 Oracle Corporation acquired Sun Microsystems After the merger Oracle owned Sun's hardware product lines as well as Sun's software product lines including the JAVA programming language.
My tryst with JAVA
Oracle Corporation has now diversified into a range of services like Oracle cloud services, Oracle middleware, Oracle Beehive, Financial services, hardware systems etc.
Middleware includes weblogic server which is a J2EE server and Oracle fusion middleware.
Oracle applications include ERP, CRM and Human Capital Management HCM.
Cloud services include SaaS Software as a service, PaaS Platform as a Service, IaaS Infracture as a Service and DaaS Database as a Service.
Thought for the day
Courage to continue matters more than success or failure.
--Winston Churchill
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