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Oracle Chosen As TikTok's Secure Cloud Provider

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Oracle Corporation (NYSE: ORCL) has been selected as TikTok's secure cloud technology provider, following Zoom's successful integration of its services into Oracle's Public Cloud. TikTok's decision to utilize Oracle's Generation 2 Cloud infrastructure is attributed to its superior speed, reliability, and security compared to other cloud providers. As part of this partnership, Oracle will also become a minority investor in TikTok Global, enabling rapid deployment and enhanced data privacy for TikTok's users. Oracle's advanced security measures are designed to protect sensitive user data.

Positive
  • Oracle selected as TikTok's secure cloud provider, enhancing its market position.
  • Partnership enables Oracle to become a minority investor in TikTok Global.
  • Generation 2 Cloud technology offers superior speed, reliability, and security.
  • High satisfaction scores in the recent Industry CloudPath survey bolster credibility.
Negative
  • None.

REDWOOD SHORES, Calif., Sept. 19, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) announced today that it was chosen to become TikTok's secure cloud technology provider.  This technical decision by TikTok was heavily influenced by Zoom's recent success in moving a large portion of its video conferencing capacity to the Oracle Public Cloud.

"TikTok picked Oracle's new Generation 2 Cloud infrastructure because it's much faster, more reliable, and more secure than the first generation technology currently offered by all the other major cloud providers," said Oracle Chief Technology Officer Larry Ellison. "In the 2020 Industry CloudPath survey that IDC recently released where it surveyed 935 Infrastructure as a Service (IaaS) customers on their satisfaction with the top IaaS vendors including Oracle, Amazon Web Services, Microsoft, IBM and Google Cloud .... Oracle IaaS received the highest satisfaction score." 

"As a part of this agreement, TikTok will run on the Oracle Cloud and Oracle will become a minority investor in TikTok Global," said Oracle CEO Safra Catz. "Oracle will quickly deploy, rapidly scale, and operate TikTok systems in the Oracle Cloud. We are a hundred percent confident in our ability to deliver a highly secure environment to TikTok and ensure data privacy to TikTok's American users, and users throughout the world. This greatly improved security and guaranteed privacy will enable the continued rapid growth of the TikTok user community to benefit all stakeholders."

Based on decades of experience securing the world's most sensitive data, the Oracle Generation 2 cloud was built from the ground up to fully isolate running applications and autonomously respond to security threats.  Oracle will combine its secure cloud technology with continuous code reviews, monitoring, and auditing to provide unprecedented assurance that U.S. TikTok user data is private and secure.

About Oracle
The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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SOURCE Oracle

FAQ

What did Oracle announce on September 19, 2020?

Oracle announced it was chosen as TikTok's secure cloud technology provider.

What is Oracle's role in TikTok's infrastructure?

Oracle will provide the secure cloud infrastructure and will become a minority investor in TikTok Global.

Why did TikTok choose Oracle as their cloud provider?

TikTok chose Oracle for its Generation 2 Cloud infrastructure, which is faster, more reliable, and more secure.

What security measures will Oracle implement for TikTok?

Oracle will use its secure cloud technology combined with continuous monitoring to ensure data privacy for TikTok users.

What does the partnership between Oracle and TikTok mean for investors?

The partnership may enhance Oracle's market position and provide new revenue opportunities.

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