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Computing Startup Nebula’s Team to Work for Oracle Corporation (NYSE:ORCL)

Oracle Corporation (NYSE:ORCL), the software giant recently hired a team of engineers from Nebula, a computing startup that stopped operating in April. Around 40 engineers joined the cloud-computing group of Oracle. These engineers will report to the Snapchat and Google veteran, Peter Magnusson, who joined Oracle last year as senior VP, cloud development.

NASA inspired the ambitious startup Nebula where the open source system of cloud operation, OpenStack was formed. The main aim of Nebula was to build a plug-and-play system of cloud-like hardware similar to OpenStack. The venture was backed by $40 million investments from the Highland Capital, Caufield & Byers, Kleiner Perkins and Comcast Ventures.

Nebula was closed mysteriously on April 1, 2015.

90% Nebula Engineers Offered Job

While talking to Re/code, Magnusson told that he met the team of engineers from Nebula within a week of cessation announcement and offered jobs to almost 90% engineers there. The cloud strategy of Oracle is not concerned with the OpenStack. The expertise of the Nebula team that made it fit for the company. Magnusson made the decision of hiring these engineers after comparing the notes about their working and found out that hiring them would be a good decision.

According to Magnusson, Oracle Corporation (NYSE:ORCL) is looking for good cloud engineers, and it is difficult to find such engineers backed with a good amount of experience especially working on the distributed systems. Such engineers should have the ability to build clouds for the enterprise.

Oracle Works with Different Cloud Strategy

The cloud strategy of Oracle is a bit different from the other players in the business. First, the company started by converting the database and then it added numerous business applications into the cloud- based services. In the past few years, Oracle has managed to add more layers to its cloud, starting with developing and then running the software similar to Force.com from Salesforce.com, rival of Oracle.

Finally, it added the cloud infrastructure service to enable direct leasing of computing capacity for the consumers.

Published by Christine Lawrence

Christine Lawrence is a financial analyst. She loves analyzing socioeconomic trends in the background of financial moves. She has overall seven years of experience in Auditing, Finance and Writing.

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