Timeline of Oracle Corporation

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This is a timeline of Oracle Corporation, an American multinational computer technology corporation.

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Time period Development summary
1970s System Development Laboratories (the precursor to Oracle Corporation), is founded in the second half of the 1970s. The Oracle Relational Database Manager System (the first commercially available Relational database management system) is developed in the first years.[1]
1980s Oracle begins the decade jousting with new entrants in the database-management system market. The company adopts officially the name Oracle after its flagship product, the Oracle database. The company's reputation for innovations and its aggressive advertising style, helps to push Oracle's sales upward.[2] In 1986 Oracle goes public on NASDAQ and launches its SQL *Star software. Oracle's customer base grows to include 2,000 mainframe and minicomputer users represented by major international firms operating in such fields as the aerospace, automotive, pharmaceutical, and computer manufacturing industries, as well as a variety of government organizations.[2] By 1987, Oracle is confirmed as the world’s largest database management software company.[1]
1990s Oracle nearly goes bankrupt early in the decade.[3] In 1991, the company experiences its first fiscal loss. In 1992 Nippon Steel Corporation buys a stake in Oracle Japan; and Oracle7 makes its debut. By mid-1994, Oracle's sales reach US$2 billion, with its consulting services accounted for a healthy 20 percent of sales.[2] In 1997 Network Computer Inc. is established. In 1999 Oracle Japan goes public.[2]
2000s In early 2000 Oracle establishes multiple joint ventures, including one with Texas-based Entrust Technologies, Inc. for a new database program called Oracle Advanced Security.[2] In 2001, Oracle's database system is the first to pass nine industry standard security evaluations.[1] In 2003, Oracle attempts a hostile takeover of rival PeopleSoft. In 2004, the US Department of Justice files multiple antitrust lawsuits to prevent Oracle's takeover of PeopleSoft. In 2009 Oracle acquires Sun Microsystems.
2010s Oracle starts the decade with a huge acquisition, after buying Sun Microsystems. As of 2017, Oracle has more than 430,000 customers and is present in 175 countries. The company has more than 138,000 employees.[3]

Full timeline

Year Event type Details
1977 Software Development Laboratories (SDL) is founded by Larry Ellison, Bob Miner and Ed Oates.[4][5]
1978 The Oracle Relational Database Manager Program is developed.[4]
1978 Software Development Laboratories is renamed Relational Software Inc. (RSI).[3][6]
1979 Product RSI releases Oracle database, the earliest commercial relational database program to use Structured Query Language (SQL). The program would quickly became popular, with the United States Air Force as the first costumer.[5]
1979 Oracle V2 (Version 2) is introduced as the first commercially available SQL-based RDBMS.[7]
1981 Relational Software Inc. begins developing tools for Oracle, including the Interactive Application Facility, a predecessor of Oracle Forms.[8]
1982 Brand Relational Software Inc. is renamed Oracle Systems Corp, after its flagship product.[6][5][3]
1982 International expansion Oracle establishes its first international subsidiary, Oracle Denmark.[4]
1983 Product Oracle database Version 3 is released, becoming the first relational database management system to run on mainframes, minicomputers and PCs, giving customers the ability to use the software in almost any enterprise computing environment.[6][9][10] The new version features concurrency control, data distribution, and scalability.
1983 Brand Oracle Systems becomes Oracle Corporation.[4]
1984 Product Oracle database Version 4 is released, featuring multiversion read consistency. Oracle ports Oracle Database to the PC platform. The MS-DOS version (4.1.4) of Oracle runs in only 512K of memory.[8]
1984 Revenue Oracle's sales double to US$12.7 million.[11]
1985 International expansion Oracle Canada is established.[12]
1985 Product Oracle database Version 5 is released, featuring support for client/server computing and distributed database systems. It is one of the first relational database management systems to operate in client/server environments.[8]
1985 International expansion Oracle establishes a Japanese subsidiary.[13]
1986 (March) Financial Oracle makes its first public offering of stock, selling one million common shares.[4]
1986 Product Oracle introduces the first clustered database solution called Oracle Parallel Server (OPS), with Oracle Version 5.[14]
1986 Userbase Oracle's customer base grows to include 2,000 mainframe and minicomputer users represented by major international firms operating in such fields as the aerospace, automotive, pharmaceutical, and computer manufacturing industries, as well as a variety of government organizations.[4]
1986 Expansion Oracle expands its relational database management system product line and debuts another industry first, a distributed database management system based on the company's SQL*Star software.[15][16]
1986 Growth Oracle's year annual sales more than double since the previous year, to a record US$55.4 million.[2]
1987 Growth Oracle becomes the largest database management company in the world.[4][5]
1988 Product Oracle database Version 6 is released, featuring major advances: Row-level locking allows multiple users to work in the same table, by processing only the specific data used in a transaction. Hot backup reduces system maintenance overhead, by allowing employees to continue working in the system while administrators duplicate and archive data. PL/SQL enables users to process data while it remains in the database.[8]
1989 Facility Oracle's new world headquarters opens in Redwood Shores, California.[8]
1990 Product Oracle Applications Release 8 is launched, including accounting programs designed for the emerging client/server computing environment.[8]
1990 (April) Legal A dozen shareholders bring suit against Oracle, charging the company has made false and misleading earnings forecasts. Oracle announces it would conduct an internal audit and immediately restructured its management team with Lawrence Ellison assuming the additional post of chairman, with Donald L. Lucas remaining as a director.[4]
1990 Recognition Oracle Chief Executive Officer Larry Ellison is lauded for his accomplishments, being named Entrepreneur of the Year for 1990 by the Harvard School of Business.[2]
1991 Revenue Oracle experiences its first fiscal loss.[4]
1992 Acquisition "Nippon Steel Corporation buys a stake in Oracle Japan; Oracle7 makes its debut."[4]
1992 (June) Product Oracle7 is released, featuring PL/SQL stored procedures, triggers, distributed 2-phase commit, shared cursors, and cost Based Optimizer[7]
1993 Oracle becomes the first software company to rewrite business applications to run in client/server environments and automating business processes from a centralized data center.[6]
1994 Oracle earns the first independent security evaluations in the industry, adding third-party assurance of the strength of Oracle’s products.[8]
1994 (Mid-year) Revenue Oracle's sales reach US$2 billion, with its consulting services accounting for 20 percent of sales.[4]
1995 Brand Oracle Systems Corp is renamed Oracle Corp.[3]
1995 Strategy Oracle announces a comprehensive internet strategy, becoming the first major software company to do so.[8]
1996 Product Oracle 7.3 is released with the Universal Server delivery, allowing customers to use Oracle to manage any type of data –text, video, maps, sound or images.[6]
1997 (June) Product Oracle 8 database is launched[4], featuring recovery manager and partitioning.
1998 With the Oracle8 database and Oracle Applications 10.7, Oracle becomes the first enterprise computing company to embrace the Java programming language.[6][17]
1999 Financial Oracle Corporation Japan goes public.[4]
1999 Partnership Oracle teams up with Hewlett-Packard Company to integrate HP's e-business applications with its database management software.[4]
1999 Product Oracle8i Database is released, providing native support for internet protocols and server-side support for Java. Oracle8i is designed for internet computing, enabling the database to be deployed in a multitier environment.[7]
2000 Expansion Oracle establishes multiple joint ventures, including one with Texas-based Entrust Technologies, Inc. for a new database program called Oracle Advanced Security.[4]
2000 Product Oracle E-Business Suite 11i and Technology Network (OTN) Xchange are introduced, with the former being the first integrated suite of enterprise applications.[4][8]
2000 Revenue Oracle finishes fiscal year with revenues of US$10.2 billion and earnings at an all-time high of $6.3 billion due to an extra $4 billion from selling shares in Oracle Japan.[4]
2000 Expansion Oracle Corporation founds the Oracle Mobile subsidiary.[18]
2001 Oracle's database system becomes the first to pass nine industry standard security evaluations.[4]
2001 Recognition Oracle Small Business Suite is considered "Best of the Web" by Forbes magazine.[4]
2001 Product Oracle9i Database introduces Oracle RAC, enabling multiple instances to access a single database simultaneously. Additionally, Oracle XML Database (Oracle XML DB) introduces the ability to store and query XML.
2003 Acquisition Oracle attempts a hostile takeover of rival PeopleSoft– a provider of human resource management systems (HRMS). In mid-year Oracle initiates the takeover for US$5.1 billion.[4]
2003 Product Oracle Database 10g is launched as the first grid computing database available for the enterprise. Oracle Grid Computing serves computing power across the enterprise as a utility, automatically shifting processing loads based on demand.[6][19]
2004 Acquisition The United States Department of Justice files multiple antitrust lawsuits to prevent Oracle's takeover of PeopleSoft.[4]
2004 (December 13) Acquisition Oracle Corporation signs an agreement to acquire PeopleSoft after a long hard battle. The acquisition would be transacted for US$26.50 per share which equals US$10.3 billion.[20][21][22]
2005 (January 14) Staff Oracle announces a reduction of their combined workforces to 50,000.[18]
2006 Acquisition Oracle acquires Siebel Systems– a provider of Customer relationship management, for US$5.85 billion.[20]
2006 (April 12) Acquisition Oracle announces the acquisition of Portal Software, Inc.[18]
2006 (October) Product Oracle announces Unbreakable Linux, a Linux distribution packaged and freely distributed by Oracle, available partially under the GNU General Public License.[18][23]
2007 (March 22) Legal Oracle sues German-based European multinational software corporation SAP, accusing them of fraud and unfair competition. The court case would last until 23rd November 2010 where Oracle wins the US$1.3 billion lawsuit, known as the largest software piracy judgement in history.[18]
2007 (May 15) Acquisition Oracle acquires Agile Software Corporation, a San Jose, California–based company that provides product lifecycle management (PLM) software.[18]
2007 Acquisition Orcle pays US$3.3 billion for the acquisition of Hyperion Corporation, a provider of enterprise performance management software.[24][25][26]
2008 Acquisition Oracle acquires BEA Systems, a provider of application development and middleware software platform, for US$8.5 billion in 2008.[20]
2009 (April 20) Acquisition Oracle acquires Sun Microsystems after paying US$7.4 billion, its largest acquisition.[27][28][29]
2010–2016 Legal In late 2010 Oracle files a multibillion-dollar lawsuit against Google, Inc., alleging that Google has illegally used elements of Java in its development of the Android operating system for mobile phones. In 2016, after years of litigation and a remanded trial, a jury finds that Google has not violated Oracle’s copyrights.[5]
2011 (March 24) Revenue Oracle publicizes its achievements boasting fiscal 2011 Q3 GAAP total revenues up by 37% to US$8.8 billion and non-GAAP total revenues up by 36% to US$8.8 billion.[18]
2011 (October 24) Acquisition Oracle pays US$1.5 billion for RightNow Technologies, a customer relationship management (CRM) software service for enterprise organizations.[30][31][32]
2012 (February 9) Acquisition Oracle pays US$1.9 billion for the acquisition of Taleo Corporation, a leading provider of cloud-based talent management.[33][34][35]
2013 (December 20) Acquisition Oracle pays US$1.5 billion for the acquisition of Responsys, Inc., a leading provider of enterprise-scale cloud-based B2C marketing software.[36][37][38]
2014 (September) Staff Larry Ellison steps down, and Mark Hurd becomes Oracle's chief executive officer.[39]
2014 Recognition Oracle Financials is ranked in the Top 20 Most Popular Accounting Software Infographic by Web service Capterra.[40]
2014 (June 23) Acquisition Oracle acquires MICROS Systems, – a retail and hospitality hardware/software systems provider, for US$5.3 billion.[41][42][43]
2014 (December 22) Acquisition Oracle acquires consumer data collection company datalogix, for US$1.2 billion.[44][45][46]
2015 Growth Oracle is the second-largest software maker by revenue, after Microsoft.[47]
2016 (July 28) Acquisition Oracle acquires American cloud computing company NetSuite for US$9.3 billion in 2016. NetSuite provides Software as a Service platform for enterprise resource planning (ERP).[48][49][50]
2017 (December 17) Acquisition Oracle pays US$1.2 billion for the acquisition of Aconex Limited, a leading cloud-based solution that manages team collaboration for construction projects.[51][52][53]
2017 Revenue Oracle's annual revenues exceed US$37 billion.[3]

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See also

External links

References

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