Pentagon awards Oracle nearly $7 billion deal in latest software consolidation push
The decade-long deal covers Oracle software in military, intelligence and Coast Guard data centers as the Pentagon seeks to cut costs by at least $441 million.
- On Thursday, the Pentagon announced a nearly $7 billion, 10-year agreement with Oracle to consolidate on-premises software licenses across the military, Coast Guard, and intelligence community into a single contract.
- Pentagon Chief Information Officer Kirsten Davies initiated the consolidation to eliminate fragmented purchasing, building on a similar enterprise-wide agreement the agency struck with Microsoft Services in May.
- The agency expects to save at least $441 million, while Barry Tanner, performing the duties of Navy CIO, said the deal removes procurement stovepipes to support faster software delivery.
- Oracle co-founder Larry Ellison, a longtime supporter of President Donald Trump, reportedly contributed $45 million to a nonprofit backing the 2024 campaign, deepening ties with the administration.
- While Oracle shares are down 38% this year amid investor concerns that AI could hurt software incumbents, the company's cloud revenue climbed 47% as it supplies computing power to OpenAI.
38 Articles
38 Articles
Pentagon awards Oracle nearly $7 billion deal in latest software consolidation push
The Pentagon announced on Thursday a nearly $7 billion, up-to-10-year agreement with Oracle to consolidate the department's on-premises software licenses into a single contract, the latest move by the Pentagon's technology chief to cut costs by eliminating fragmented purchasing.
Pentagon, Oracle sign massive software consolidation contract worth nearly $7B over next decade
The Pentagon and Oracle announced a massive software consolidation deal late Thursday, worth up to $6.9 billion over the next 10 years, covering the entire Defense Department, Coast Guard and intelligence community.
The Pentagon Just Threw Larry Ellison a $7 Billion Lifeline. Will It Be Enough to Stop the Oracle Crash?
Oracle just scored a blockbuster Pentagon contract while its stock sits near a decade low and Larry Ellison has watched more than $200 billion evaporate from his net worth. Whether this deal signals a genuine turning point or just buys time depends on numbers most investors have not yet seen.
Oracle wins Pentagon software deal worth up to $7bn
The Navy-negotiated framework consolidates the military’s scattered Oracle licences, on a $3.31bn base that could nearly double if a five-year option is exercised. Oracle has secured a contract with the US Department of War worth as much as $6.99bn, the largest step yet in the Pentagon’s campaign to stop paying for the same software several […] This story continues at The Next Web
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