Thomson Reuters has formed a cloud alliance with Oracle that will allow it to leverage the database giant’s global network of cloud data centers to deliver locally hosted versions of its financial applications to businesses around the world.
The partnership has already led the multinational media conglomerate to migrate one of its Onesource tax application portfolios to Oracle Cloud Infrastructure (OCI), an offering intended to help businesses track their indirect taxes.
Known as Onesource Indirect Tax Determination, Thomson Reuters said it used the Oracle Cloud Lift Services program to support the migration of the software to OCI and accelerate its development to a cloud native application.
Sunil Pandita, chief executive officer at Thomson Reuters, said the Oracle deal is the start of a “strong collaboration” between the two companies, as his company continues to complement its multicloud strategy.
To date, this work has seen the company work with Amazon Web Services (AWS) to shut down seven of its data centers and move more than 400 applications to its public cloud platform, and work with IBM to negotiate more. other parts of his move off site. .
âOur customers will continue to benefit from unmatched data accuracy in more than 56,000 global tax jurisdictions, along with the cloud security imperative for any technology solution,â said Pandita.
âWe are pleased to run our next-generation indirect tax application natively on OCI and to open our indirect tax determination engine to Oracle customers around the world. “
The collaboration between the two companies will also see them embark on co-marketing and sales initiatives to support Thomson Reuter’s global expansion plans for its Onesource portfolio.
âOracle’s 30 cloud regions around the world provide close proximity to each Thomson Reuters location and help meet data sovereignty requirements, allowing customers to know exactly where their data is being processed,â Oracle said, in a communicated.
Thomson Reuters offerings will also be available for purchase through Oracle Cloud Marketplace.
Mark Hura, executive vice president for cloud and technology for North America at Oracle, said that in addition to working to increase the total addressable market for its technologies, Thomson Reuters should also reap other benefits from the collaboration.
âA leader for many decades, Thomson Reuters is one of many companies embracing Oracle Cloud Infrastructure for its value for money, security, global footprint and dedicated cloud engineering services,â said Hura.
âWe are delighted to be working with Thomson Reuters as it joins Oracle Cloud Marketplace where our corporate clients can easily access its global indirect tax solutions. “