Oracle will release its Oracle Secure Cloud offering in an official launch this summer, according to company president Mark Hurd.
The new service is still very much under wraps, with no mention of it on the Oracle website and company representatives declining to provide further details, but chief executive Larry Ellison told financial analysts in a conference call in March that this was to be the name for the firm's cloud offering.
Hurd said in an interview with Computer Weekly that the Oracle Secure Cloud is being tested by customers already.
"We have hundreds of early adopters of the cloud now. We'll have an official launch in the summer," he said.
Hurd said that Oracle already has about $1bn in revenue from its software-as-a-service (SaaS) cloud applications, but implied that Secure Cloud will provide additional functionality.
"Oracle Secure Cloud will be one choice customers have," he said.
"If they want to go and take advantage of Oracle Secure Cloud they’ll find the database and all sorts of tools available including our applications. You'll be available to leverage other clouds from our cloud, so if you wanted to go into the Amazon cloud to gain some infrastructure, you can do that and come back to our cloud. It's an open cloud, unlike Salesforce.com which is a proprietary cloud. Ours is elastic, it's open."
In October last year, Oracle launched a public cloud to host its Fusion business applications, after six years in development. Hurd said there is a lot more to come from the company in the cloud.
"We're just getting started," he said.
"You will see steady stream of application software available as SaaS over the course of the next 18 months. Every couple of months you will see modules become available. We will have a suite of capabilities which will be of growing importance to customers. We are ahead of everybody for having a cloud suite of capabilities."