Uber has announced a seven-year strategic partnership with Oracle, the global technology and cloud computing giant, to advance the ride-sharing company’s innovation and increase profitability. By migrating some of its critical workloads to Oracle Cloud Infrastructure (OCI), Uber will be able to modernize its infrastructure while enhancing its path to profitability.
The new partnership is expected to help Uber deliver new products to the market, expand into new markets and focus resources on core strengths and strategic initiatives. As the company continues to expand, the partnership with Oracle will provide the ideal combination of price, performance, flexibility, and security, helping Uber increase profitability, reduce infrastructure costs and deliver incredible customer service.
Uber CEO, Dara Khosrowshahi, emphasized the importance of this partnership, stating, “To deliver on that promise for customers while building value for shareholders, we needed a cloud provider that will help us maximize innovation while reducing our overall infrastructure costs. Oracle provides an ideal combination of price, performance, flexibility, and security to help us deliver incredible customer service, build new products, and increase profitability.”
The partnership is a significant milestone for Oracle, as it marks a landmark competitive win for OCI and validates its strategy and product vision. Oracle CEO Safra Catz highlighted the importance of innovation in the partnership, stating, “Uber is expanding into a ‘go anywhere, get anything’ platform, and the company needed a cloud partner that shares a relentless focus on innovation.”
As part of the partnership, Oracle will also become a global Uber for Business client and select Uber as its preferred rideshare for employees to travel and eat around the world. Additionally, Uber and Oracle will continue co-innovating on additional retail and delivery solutions, including consumer experiences with last-mile logistics.
Oracle Cloud Infrastructure is a cloud computing service that provides a secure and scalable platform for customers to run their workloads. It offers best-in-class price-performance infrastructure across a global footprint, which will enable Uber to take advantage of these capabilities, enhancing its performance, security, and economic benefits compared to other hyperscalers.
Overall, the strategic partnership between Uber and Oracle is expected to drive Uber’s growth and profitability, while also highlighting the momentum and acceleration that Oracle is experiencing in the market. Enterprises, governments, and startups around the world are recognizing the differentiation of OCI and experiencing the benefits it offers, which bodes well for the future of both companies.
