In 1970s, a software company named Ampex designed a database named Oracle for the CIA. Ellison is one of programmers.
From 65438 to 0977, Ellison and his colleague Robert Miner established a software development laboratory. At that time, IBM published a paper on "relational database", and Ellison created a new database named Oracle Bone Inscriptions.
1978, the company moved to Silicon Valley and changed its name to "Relational Software Company" (RSI).
1In the summer of 979, RSI released a commercial ORACLE product, which can be used on DEC's PDP-1/computer. This database product integrates a relatively complete SQL implementation, including sub-query, connection and other functions.
The CIA wanted to buy a set of such software to meet their needs, but after consulting IBM, they found that IBM had no available commercial products, so they contacted RSI.
So RSI has its first customer.
IBM, which first proposed "relational database", adopted RSI database.
It was renamed Oracle Bone Inscriptions on 1982.
Develop and expand
1984, which entered Canada, Netherlands, Britain, Austria, Japan, Germany, Switzerland, Sweden, Australia, Finland, France, Hong Kong, Norway and Spain in three years.
When 1986 went public, its annual revenue soared to $55 million. It went public in March of the same year, raising $365,438 +0.5 million.
The revenue from 1987 reached $65,438 +0.3 1 billion, and Oracle Bone Inscriptions became the fourth largest software company in the world one year later.
In two years, we will enter Mexico, Brazil, China, Cyprus, Malaysia and New Zealand.
A year later, revenue doubled to $282 million.
From 65438 to 0990, Oracle Bone Inscriptions invaded Chile, Greece, South Korea, Portugal, Turkey, Venezuela, Taiwan Province Province, Belgium, Argentina, Colombia, Costa Rica and the Philippines in two years, but Oracle Bone Inscriptions suffered losses for the first time that year, and its market value plummeted by 80%. Ellison arranged for senior managers to participate in the operation for the first time.
1992, the flagship product Oracle 7 came out, which made the company's business return to the right track, and the annual income reached165438+79 million US dollars.
Raymond Lane, once regarded as Oracle Bone Inscriptions's successor, was later ousted as COO.