Oracle Acquires StackEngine
Oracle has recently acquired StackEngine, a Texas based startup that creates tools that aid in utilization of Docker containers. All StackEngine employees will work in Oracle’s Public Cloud unit. Terms of the deal were not released.
Docker containers popularity has increased in the past year, and the trends are looking to continue. The addition of Docker containers allows Oracle to compete with cloud giants that support Docker containers like Amazon Web Services. Docker containers join Oracle’s extensive cloud portfolio, which includes Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS). Safra Catz, Oracle co-CEO, has stated that SaaS and PaaS grew sixty eight percent this quarter, following a seventy percent growth from the previous quarter. Oracle sales grew approximately thirty percent year to year, to $652 million.
StackEngine describes its Container Application Center as a path for businesses to be able to “transition from the costs and inefficiencies of virtualization to the flexibility, mobility and freedom of containerization.” Many StackEngine employees have previously worked at CopperEgg, an Austin based startup acquired in 2013 by Idera. CopperEgg specialized in keeping track of the efficiency of applications run through the cloud.
Oracle plans to construct a next generation technology campus in Austin, Texas that focuses on cloud computing. The employee base in Austin is expected to grow by fifty percent over a span of a few years. A majority of the jobs at this Austin location will be related to the cloud. Oracle will follow its tradition of hiring young college graduates and those just starting their careers.