Oracle Buys StackEngine For Public Cloud

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Oracle announced that it has acquired StackEngine. It didn't say much about it other than that StackEngine will become part of Oracle Public Cloud. Here's the full announcement:

On December 18, 2015 Oracle signed and closed an agreement to acquire StackEngine. All StackEngine employees will be joining Oracle as part of Oracle Public Cloud.

StackEngine didn't say much beyond that either, simply pointing its own site visitors to that announcement for additional information.

Oracle did announce plans to build a "cutting-edge" cloud campus in Austin. This is part of its global hiring initiative to expand its cloud and attract millennial talent.

The company said it will purchase housing for employees to live affordably and conveniently near the campus.

“Austin was a natural choice for Oracle to invest and grow,” said Scott Armour, Senior Vice President, Oracle Direct. “We already have a high-performing employee base in the region, and the surrounding technology community is teeming with creative and innovative thinkers. Our state-of-the-art campus will be designed to inspire, support and attract top talent – with a special focus on the needs of millennials.”

“What Oracle is doing in Austin reinforces what I’m talking about when I say that great cities do big things, especially in the technology sector,” said Austin Mayor Steve Adler. “With this significant investment, Oracle demonstrates that it believes in Austin and its future, and it’s serious about creating fantastic job opportunities in our community. I look forward to working with major employers like Oracle to tackle our biggest challenges, including Mobility and Affordability.”

“We’re positioning the State of Texas to become a home for innovation and technology,” said Texas Governor Greg Abbott. “Thanks to our skilled workforce, combined with our low-tax and low-regulation environment, one of the largest tech companies in the world has chosen to expand in Austin. As Governor, I will continue to pursue policies that invite the expansion and relocation of tech companies to Texas.”

The 560,000-square-foot complex and parking development will be constructed on the waterfront of Austin’s Lady Bird Lake.

Image via StackEngine

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.