NEW YORK -- Verizon Enterprise Solutions and Oracle, two leaders in the cloud market, today announced they will enable customers to use Oracle Database and Oracle Fusion Middleware and on Verizon’s cloud infrastructure, including the new Verizon Cloud, and pay for access on an hourly basis.

Verizon creates enterprise-level services that allow large companies and mid-size businesses to tap into the power of the cloud. Oracle provides greater choice and flexibility to customers through multiple deployment options for its software, including on-premise, public, private, and hybrid clouds. Customers can bring their own Oracle licenses to the Verizon platform or purchase Verizon cloud services which already include Oracle licenses. Current Verizon eCloud and Managed Hosting customers can also be able to use Oracle software on a per hour cost basis and can leverage existing Oracle licenses.

This is critical for Global 1,000 companies in industries like financial services, retail and energy as they migrate from on-premise solutions to hybrid or cloud-based environments. With Oracle Database and Oracle Fusion Middleware on Verizon Cloud, customers can leverage existing assets, gain efficiencies in the cloud and pay for only what they need on an hourly basis rather than having to purchase perpetual licenses.

Oracle Corp. (Nasdaq: ORCL)

Verizon Communications Inc. (NYSE: VZ)