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NTT DATA Japan Taps Oracle Alloy To Boost Sovereign Cloud Solutions: Details
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NTT DATA Japan Taps Oracle Alloy To Boost Sovereign Cloud Solutions: Details
Nov 3, 2024 4:34 AM

Oracle Corporation ( ORCL ) shares are trading higher on Thursday. The company disclosed that NTT DATA Japan has chosen Oracle Alloy to support Japanese organizations in both the public and private sectors.

This partnership will accelerate cloud adoption while ensuring data sovereignty and compliance.

With Oracle Alloy implemented in its data centers, NTT DATA Japan will provide customers access to over 150 Oracle Cloud Infrastructure services, including advanced AI capabilities.

Oracle Alloy enables Oracle partners to become cloud service providers. NTT DATA Japan will enhance its sovereign cloud, OpenCanvas, using Alloy in two data centers, integrating Oracle Cloud Infrastructure capabilities, including infrastructure, platform services, and cloud-native tools.

The company says that additional features are set to launch in the Japan East region by December 2025 and the Japan West region by March 2027.

Scott Twaddle, senior vice president, Product and Industries, Oracle Cloud Infrastructure stated, “Oracle Alloy enables NTT DATA Japan to utilize the latest cloud and AI technologies to enhance its data center capabilities, helping its customers unlock new growth opportunities.”

Toshimitsu Misawa, member of the board, corporate executive officer, and president, Oracle Japan, stated, “NTT DATA Japan and Oracle Japan are united in their commitment to delivering secure, user-friendly cloud services to our customers in Japan that incorporate cutting-edge technologies.”

In April, Oracle disclosed that it plans to invest over $8 billion in the next 10 years to cater to Japan's growing demand for cloud computing and AI infrastructure. 

Investors can gain exposure to Oracle through iShares Expanded Tech-Software Sector ETF ( IGV ) and Pacer Funds Pacer Data and Digital Revolution ETF .

Price Action: ORCL shares are up 0.69% at $174.29 at the last check Thursday.

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