Oracle snaps up former SAP cloud exec Price after Magnusson hire
Picture credit: "Oracle Logo on Setagaya Business Square Tower in Yoga", by "ykanazawa1999", used under CC BY NC SA / Modified from original
Software giant Oracle has reportedly hired former SAP exec Shawn Price in another push towards cloud computing, days after hiring Google App Engine founder Peter Magnusson.
Price was fired by SAP five months after he took on the role of global cloud president, having taken over from Robert Calderoni in January. As CloudTech reported at the time, the surprising move was taken as part of a wider effort to shift the business towards cloud computing.
According to Re/code, Price’s new job title will be senior VP for product strategy and marketing, reporting to CEO Mark Hurd.
Unlike Magnusson, whose LinkedIn profile confirmed he was at Oracle with the vague job description of ‘public cloud’, Price’s LinkedIn offers no clues. This may not be unexpected however, as it still lists him as an employee of SAP.
Oracle’s aggressive move towards cloud services was exemplified by Larry Ellison’s keynote speech at this year’s OpenWorld, where he told delegates: “Our cloud is bigger than people think, and it’s going to get a lot bigger.”
It’s been a particularly busy time for Oracle’s HR department of late, with a litany of new hires as well as the boardroom shuffle which saw founder Ellison move to chief technical officer, with Safra Catz and Mark Hurd taking over as CEOs.
During a recent analyst call, Ellison joked: “You’re going to have to wait a little while longer before you get me off the call”, indicating that while Ellison was no longer the boss on the face of it, he’d still be doing his fair share of backseat driving.
SAP and Oracle have plenty in common. Both companies are moving their business models to cloud from on-premise software sales, both companies have used the co-CEO model, and now the former SAP cloud chief is taking an executive role at Oracle.
Oracle’s last set of financial results saw new software license revenues down 2%, total revenues up 3%, and net income pretty much standing still at $2.184bn.
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