Oracle Cloud Infrastructure Attains Expanded FedRAMP Authorization
Portfolio Pulse from Benzinga Newsdesk
Oracle Cloud Infrastructure (OCI) has received FedRAMP approval for over 16 new services and features, enhancing AI, DevOps, and security for U.S. government customers. This expands Oracle's FedRAMP authorized services to 93, available in its U.S. government regions. The approval includes a range of services from OCI DevOps Service to Oracle Big Data Service, and introduces new capabilities and features to existing services. Oracle used a FedRAMP recognized third-party assessment organization for the approval process.
February 07, 2024 | 1:14 pm
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Oracle's expanded FedRAMP authorization for OCI services enhances its offerings in AI, DevOps, and security to U.S. government customers, potentially increasing its competitiveness and market share in the government sector.
The FedRAMP authorization significantly enhances Oracle's cloud offerings by adding new services and features, making it more attractive to U.S. government customers. This regulatory approval not only broadens Oracle's service portfolio but also strengthens its position in the competitive cloud market, especially in sectors requiring high security and compliance standards. The direct mention of Oracle and the detailed description of the newly approved services suggest a positive impact on Oracle's market positioning and potentially its stock price in the short term.
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