TEAM IM Partners with Oracle Alloy for New Zealand's Premier Locally Owned Hyperscale Cloud

TEAM Investment Management (TEAM IM), a visionary in the technology infrastructure realm, has initiated a strategic collaboration with Oracle, tapping into the Oracle Alloy platform to create New Zealand's inaugural locally owned and operated hyperscale cloud service. This venture represents a significant milestone in the advancement of the country's technological capabilities and underscores Oracle's commitment to fostering localized, robust cloud ecosystems around the globe.

Empowering Local Infrastructure

In this era of digital transformation, the demand for reliable, scalable, and sovereign cloud services is at an all-time high. TEAM IM's selection of Oracle Alloy, underpinned by Oracle's global cloud infrastructure, enables the establishment of a hyperscale cloud environment tailored to the specific needs of New Zealand businesses and government entities. By ensuring data residency and compliance with local regulations, TEAM IM's initiative is poised to elevate New Zealand's digital landscape to new heights.

Oracle's Expanding Cloud Footprint

Oracle Corporation ORCL, a titan in database technology and enterprise software, has actively expanded its cloud services footprint. The deployment of Oracle Alloy in New Zealand is a strategic move, aligning with Oracle's global strategy to provide advanced cloud services across different regions. Oracle's presence in asset-heavy industries has been strengthened by its offerings in database management systems, cloud engineered systems, and a plethora of enterprise software products.

Since relocating its headquarters to Austin, Texas from California in December 2020, Oracle has continued to innovate and expand its global reach. The collaboration with TEAM IM is indicative of Oracle's capability to support local operators in delivering enterprise-grade cloud infrastructure, further consolidating its position as a leader in the technology sector.

Anticipating Market Impact

The establishment of a locally owned hyperscale cloud in New Zealand by TEAM IM, with Oracle's Alloy platform as its backbone, is set to have a transformative effect on the local market. It is expected to provide a significant competitive edge for New Zealand businesses and government agencies, fostering innovation and driving efficiencies across industries. Moreover, it solidifies Oracle's role as an enabler of localized digital ecosystems, potentially influencing the company's stock value and market perception.

Oracle, Cloud, Investment