TikTokSoftware

Oracle to take a 12.5% stake in TikTok Global

Oracle Corp. has announced officially that it was chosen to become TikTok’s secure cloud technology provider. It won over another technology giant Microsoft which expressed its intention to secure the continued use of the video-sharing platform in the United States.

US President Donald Trump wanted to ban TikTok for “security reasons.” TikTok is run by ByteDance Ltd., a Chinese multinational internet technology with headquarters in Beijing China.

Oracle said this technical decision by TikTok was heavily influenced by Zoom’s recent success in moving a large portion of its video conferencing capacity to the Oracle Public Cloud.

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Oracle, a US multinational computer technology corporation provides database software and technology, cloud engineered systems, and enterprise software products — particularly its own brands of database management systems.

“TikTok picked Oracle’s new Generation 2 Cloud infrastructure because it’s much faster, more reliable, and more secure than the first generation technology currently offered by all the other major cloud providers,” said Larry Ellison, chief technology officer, Oracle. “In the 2020 Industry CloudPath survey that IDC recently released where it surveyed 935 Infrastructure as a Service (IaaS) customers on their satisfaction with the top IaaS vendors including Oracle, Amazon Web Services, Microsoft, IBM, and Google Cloud …. Oracle IaaS received the highest satisfaction score.”

Minority investor

“As a part of this agreement, TikTok will run on the Oracle Cloud and Oracle will become a minority investor in TikTok Global,” said Safra Catz, CEO, Oracle. “Oracle will quickly deploy, rapidly scale, and operate TikTok systems in the Oracle Cloud. We are a hundred percent confident in our ability to deliver a highly secure environment to TikTok and ensure data privacy to TikTok’s American users, and users throughout the world. This greatly improved security and guaranteed privacy will enable the continued rapid growth of the TikTok user community to benefit all stakeholders.”

Based on decades of experience securing the world’s most sensitive data, the Oracle Generation 2 cloud was built from the ground up to fully isolate running applications and autonomously respond to security threats. Oracle will combine its secure cloud technology with continuous code reviews, monitoring, and auditing to provide unprecedented assurance that US TikTok user data is private and secure.

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