Xerox has announced a multi-year deal with Oracle to provide cloud-computing infrastructure and software for use by ventures developed in Xerox’s business incubator.
Xerox has created a model to incubate ‘high-impact businesses that sole real-world problems at massive scale.’ To fast-track the development of new businesses, Xerox turned to Oracle for an integrated set of Cloud solutions, allowing new enterprises to sell online, create orders, process invoices, track performance, and do financial planning within weeks, rather than months.
Speaking to The Wall Street Journal, Naresh Shanker, senior vice president and chief technology officer at Xerox, said: “The goal is to develop businesses offering a range of products and services focused on 3D printing, industrial Internet-of-Things and sustainable tech, among other emerging technologies.”
Terms of the deal were not disclosed.
