Key facts
- Oracle has disputed a Business Insider report stating its cloud infrastructure deal with Microsoft collapsed.
- The report cited security and compliance concerns, including Oracle's lack of FedRAMP authorization, as reasons for the deal's failure.
- The potential deal was valued at over $3 billion.
- Oracle stated its partnership with Microsoft is collaborative and fruitful, and that Microsoft is both a partner and customer.
- Microsoft declined to comment on the report.
Oracle has disputed details in a Business Insider report that claimed discussions with Microsoft over a potential cloud infrastructure leasing deal, valued at over $3 billion, had collapsed due to security and compliance concerns. The report had cited Oracle's public cloud infrastructure lacking FedRAMP authorization, a required security framework for handling U.S. government data, and Oracle's alleged unwillingness to add it.
An Oracle spokesperson stated that the details in the article were inaccurate, emphasizing that Microsoft is both an OCI partner and customer and that their partnership is collaborative and fruitful. Microsoft declined to comment on the report.