Oracle has denied reports that discussions for a $3 billion deal with Microsoft fell apart due to security and compliance concerns.
Oracle told Reuters that these claims - which were laid out in a Business Insider (BI) report - are "innaccurate."
– Oracle | Microsoft
The BI article, published on June 16, said that people familiar with the matter had informed the publication that Microsoft was recently in talks with Oracle about a contract valued at more than $3bn to lease compute capacity.
The talks, however, BI said, fell apart as Oracle did not have the necessary security framework in place. Known as the Federal Risk and Authorization Management Program (FedRAMP), this ensures cloud services are secure enough to handle US government data, and Oracle was reportedly unwilling to add this framework.
