Oracle plans to open a third cloud region to
help Spain's financial sector and
other key industries increase resilience and take advantage of
Oracle Cloud Infrastructure's high performance and built-in
security, powerful data and AI, and distributed cloud
capabilities
Telefonica España to be the
host partner for the region
MADRID and AUSTIN,
Texas, June 20, 2024 /PRNewswire/ -- To meet the
rapidly growing demand for its AI and cloud services in
Spain, Oracle today announced
plans to invest more than US $1
billion to open a third cloud region in Madrid and drive AI skills development across
the country. The new public cloud region will enable Oracle
customers and partners across all industries in Spain, including its prominent financial
services sector, to migrate mission-critical workloads from their
data centers to Oracle Cloud Infrastructure (OCI) while
helping them address regulations like the Digital Operational
Resilience Act (DORA) and the European Outsourcing Guidelines (EBA,
EIOPA, ESMA). Telefonica España will be the host
partner for the planned cloud region.
The upcoming cloud region in Madrid will help public and private sector
organizations migrate all types of workloads to the cloud,
modernize their applications, and innovate with data, analytics,
and AI. Oracle is the only hyperscaler capable of delivering AI and
a full suite of 100+ cloud services across dedicated, public, and
hybrid cloud environments, anywhere in the world. This
includes Oracle Autonomous Database, MySQL HeatWave
Database Service, Oracle Container Engine for
Kubernetes, Oracle Cloud VMware Solution, OCI Generative
AI service, and OCI AI Infrastructure.
"The opening of the third Oracle cloud region in Spain is excellent news for our country," said
José Luis Escrivá, minister for digital transformation and public
administration, Government of Spain. "The investment announced by Oracle
provides a significant boost that will help Spanish enterprises and
public sector organizations innovate with AI and continue advancing
on the path of digital transformation."
"It is great news that major technology multinationals such as
Oracle are announcing this level of investment in the Region of
Madrid," said Miguel
López-Valverde, councillor for digitalisation, Government of the
Region of Madrid. "We are
convinced of the importance of public-private collaboration in this
area, and of facilitating the development of cloud infrastructure
in our region. Over the next three years, the region of
Madrid is expected to receive
investments of more than six billion
Euros from the cloud industry, which is critical to helping
us build a digital economy capable of creating high-quality jobs,
attracting investment, and retaining talent."
Oracle also offers a separate EU Sovereign Cloud with one
region in Madrid to help public
and private sector customers with data and applications that are
sensitive, regulated, or of strategic regional importance, move to
the cloud. The Oracle EU Sovereign Cloud in Madrid is operated by EU-based personnel and
supports workloads that fall under EU guidelines and requirements
for sovereignty and data privacy.
"Spanish enterprises and public sector organizations are rapidly
embracing the cloud to gain access to the latest digital
technologies such as AI, and the upcoming public cloud in
Madrid will help them address data
residency requirements as well as regulations in key sectors such
as financial services," said Albert
Triola, country leader, Oracle Spain. "With our plans to
invest an additional $1B in
Spain over the next 10 years, we
are reaffirming our commitment to helping Spanish organizations of
all sizes and industries – including those across Spain's small and medium-sized enterprises and
the financial services industry – accelerate their adoption of
cloud technologies to boost business performance and
resilience."
OCI Provides Customers and Partners with a Resilient and
Scalable Cloud Foundation
With the upcoming new region adding to the existing Oracle Cloud
Region in Madrid, customers and
partners can gain additional low-latency access to cloud services
to help them derive better value from their data. Customers can
also leverage high availability and disaster recovery capabilities
to enhance business continuity and help address Spain's and the EU's regulations and
requirements for data residency, in addition to industry-specific
requirements and regulations such as the Digital Operational
Resilience Act (DORA) in the financial services sector.
Financial services organizations face unique regulatory
requirements due to the fact that their workloads are inherently
sensitive, and Oracle has developed capabilities and practices to
help customers in the financial services sector address
requirements for DORA and other key industry regulations. As part
of continuing efforts to help financial services customers perform
their due diligence, Oracle developed the Advisory: Oracle Cloud
Services and the European Outsourcing Guidelines (EBA, EIOPA, ESMA)
to enable customers to evaluate OCI in the context of their
regulatory outsourcing guidance. In addition, Oracle Cloud Regions
– including the existing region and upcoming region in Madrid, as well as the EU Sovereign Cloud
Region in Madrid – offer backup
and disaster recovery solutions to help address customers' need for
data availability and resilience.
In addition, OCI's sovereign AI capabilities provide customers
with increased control over where they locate their data and
computing infrastructure and how they manage it. As a result,
customers can achieve AI sovereignty by gaining the assurance that
their use of AI is aligned with data sovereignty frameworks.
OCI's unique cloud architecture enables Oracle to deploy
dedicated cloud regions with hyperscale cloud services inside
customer data centers and deploy more public cloud regions faster
by starting with an optimal footprint and scaling as needed. This
approach helps meet the needs of all countries and markets without
compromising cloud capabilities, while also providing the
consistent performance, SLAs, and global pricing for which OCI has
become known.
Leading Organizations in Spain Welcome the Upcoming Public Cloud
Region
"Our partnership with Oracle has been paying off for decades. We
have a stronger position in the market, combining the best
capabilities of both companies," said Sergio Sánchez, operations,
network and IT director, Telefónica España. "On the one hand, we
continue to migrate part of our mission-critical infrastructure to
Oracle's cloud to be more agile in delivering innovative products
and services to our customers around the world. On the other hand,
this is the third cloud region for which we have been trusted as a
host partner, again positioning us as a leader in the data center
industry."
"We rely on Oracle to migrate our critical workloads to Oracle
Cloud Infrastructure while complying with local regulatory
requirements. OCI provides us with a robust and secure cloud
infrastructure," said Enríque Rodríguez, director of technology
services, Banco Sabadell. "The arrival of the third Oracle Cloud
Region in Spain will open
significant opportunities for us in terms of utilizing new
technologies such as AI across different areas of our
business."
"Naturgy is migrating a large part of its critical data
infrastructure to OCI, which we selected for its scalability,
performance, and price competitiveness," said Rafael Blesa, general
manager of information systems, Naturgy. "The upcoming arrival of
Oracle's third cloud region in Spain is great news as it will allow us to
migrate low-latency and critical infrastructure support systems to
the cloud while improving their security and resilience."
"The world's digital transformation is now unstoppable, and
organizations everywhere need to adapt to remain relevant and
competitive," said Ravin Dhalani, CIO, MASORANGE. "Cloud
technologies play a critical role in the telecommunications
industry, enabling vendors to meet demand for high-speed services
while enhancing operational efficiency and productivity. We are
excited about Oracle's upcoming third cloud region in Spain, which will help us advance our
innovation on OCI."
About Oracle Distributed Cloud
Oracle's distributed
cloud delivers the benefits of cloud with greater control and
flexibility. Oracle's distributed cloud lineup includes:
- Public cloud: Hyperscale public cloud regions serve
any size of organization, including those requiring strict EU
sovereignty controls. See the full list of regions here.
- Dedicated cloud: Customers can run all OCI cloud
services in their own data centers with OCI Dedicated Region, while
partners can resell OCI cloud services and customize the experience
using Oracle Alloy. Oracle also operates separate U.S., UK, and
Australian Government Clouds, and Isolated Cloud Regions for U.S.
national security purposes. Each of these products provide a full
cloud and AI stack that customers can deploy as a Sovereign
Cloud.
- Hybrid cloud: OCI delivers key cloud services
on-premises via Oracle Exadata Cloud@Customer and Compute
Cloud@Customer and is already managing deployments in over 60
countries.
- Multicloud: Options including Oracle
Database@Azure, MySQL HeatWave on AWS and Microsoft Azure, Oracle
Interconnect for Microsoft Azure, and Oracle Interconnect for
Google Cloud allow customers to combine key capabilities from
across clouds.
About Oracle
Oracle offers integrated suites of
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL), please visit
us at www.oracle.com.
Trademarks
Oracle, Java, MySQL and NetSuite are
registered trademarks of Oracle Corporation. NetSuite was the first
cloud company—ushering in the new era of cloud computing.
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SOURCE Oracle