This year marks the 30th anniversary of the founding of Oracle. But Oracle is celebrating another significant milestone in 2007: two decades in the enterprise applications business. In 1987, Oracle launched this new software division with only seven employees. Today, thousands of applications customers around the world have saved billions of dollars using Oracle's applications for automation, self-service, business process efficiency, and industry best practices. And with Oracle Fusion Applications on the horizon, the next 20 years should be just as significant for Oracle and its customers.
1987 Oracle Applications Software Division is founded to create software that integrates closely with Oracle Database and brings unprecedented processing power to essential business activities.
1988 Row-level locking improves application performance when many users are accessing the same data.
1989 Oracle's support of online transaction processing (OLTP) facilitates transaction-oriented applications—an increasingly critical issue for businesses involved in e-commerce, electronic banking, electronic trading, and order processing.
1990 Oracle releases the first client/server-based packaged applications—accounting software networked to an Oracle database server. The Oracle Applications Users Group is formed.
1993 With Oracle Applications Release 10, Oracle becomes the first software company to rewrite all its business software to run in client/server mode.
1995 Oracle shows a commitment to e-commerce by becoming the first major applications vendor to offer internet access as an integrated component of its applications.
1996 Oracle introduces browser-based self-service applications—a technology that will go on to save companies millions of dollars in processing, purchasing, and other costs.
1997 Oracle announces the world's first open standards-based, Java-enabled enterprise applications suite, Oracle Applications Release 10.7 NCA.
1998 Oracle launches Oracle Business Online, the first hosting service for enterprise applications designed to run on the Web.
1999 Oracle debuts Applications 11i, an internet-enabled suite of enterprise applications that signaled a dramatic move away from client/server computing toward the internet.
2000 The industry's first fully integrated e-business applications suite—Oracle E-Business Suite 11i—eliminates the need for complex integration projects and allows enterprise data to be consolidated in a single database.
2003 Oracle E-Business Suite Special Edition offers enterprise resource planning applications designed specifically for small and medium companies.
2005 To expand the company's applications portfolio, Oracle completes the acquisition of applications rival PeopleSoft and announces its intention to acquire Siebel Systems.
2006 Oracle announces Applications Unlimited, a commitment to enhance Oracle, JD Edwards, PeopleSoft, and Siebel applications on an ongoing basis to help customers derive benefits from their current implementations for years to come.
2007 Oracle announces new releases of all five major application families, delivering on the promises of Applications Unlimited.