Carta Worldwide Announces Multi-Year Deal With Oracle Cloud Infrastructure To Drive Innovation & Growth
Portfolio Pulse from Benzinga Newsdesk
Carta Worldwide, a subsidiary of Mogo Inc. (NASDAQ:MOGO), has announced a multi-year deal with Oracle Cloud Infrastructure (OCI) to accelerate innovation and support future growth. The migration to OCI will provide Carta with higher availability, scale, agility, and velocity to support increases in payments volume and new clients. The deal is expected to position Carta as a leading low-cost payments platform in Europe and Canada.
October 19, 2023 | 12:12 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Mogo Inc.'s subsidiary, Carta Worldwide, has entered into a multi-year deal with Oracle Cloud Infrastructure. This is expected to accelerate Carta's growth and innovation.
The partnership with Oracle Cloud Infrastructure is expected to provide Carta with the necessary infrastructure to support its growth and innovation. This could potentially increase Mogo Inc.'s revenues and profitability in the long run.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oracle Cloud Infrastructure has entered into a multi-year deal with Carta Worldwide, a subsidiary of Mogo Inc. This partnership is expected to boost Oracle's presence in the payments platform space.
The partnership with Carta Worldwide could potentially increase Oracle's customer base in the payments platform space, thereby increasing its revenues and profitability.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70