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Oracle Buys Vocado

Adds the Most Advanced Financial Aid Solution to Oracle Student Cloud

 

REDWOOD SHORES, Calif., April 30, 2018 /PRNewswire/ -- Oracle today announced that it has completed the acquisition of Vocado, which provides a leading student-centric, cloud-based financial aid solution for higher education institutions.

Vocado works with thousands of financial aid sources to optimize funding for any type of higher education learning model. The solution helps students identify eligibility and obtain financing so they can achieve their academic goals. Vocado integrates its financial aid solution with both cloud and on-premise Student Information Systems (SIS).

Oracle Student Cloud is Oracle's next-generation, cloud-based SIS designed for all academic models across every stage of the modern student lifecycle. Vocado adds the most advanced financial aid solution with a highly-automated and scalable platform. Together, Oracle and Vocado offer institutions the most complete SaaS solution suite in higher education.

"The education industry is undergoing an unprecedented digital transformation," said Steve Miranda, Executive Vice President of Product Development, Oracle. "Oracle Student Cloud is architected for the modern student journey and the addition of Vocado helps our customers and their students manage financial aid more strategically, thereby solving one of the most complex problems inhibiting academic success."

"Our passion for the education industry guided us to solve the biggest pain points for both schools and students, resulting in a solution that drives deep institutional transparency, regulatory compliance, and superior student visibility and control of their education financing options," said Dan Driscoll, CEO of Vocado. "We are absolutely delighted to join forces with Oracle. The combination with Oracle allows us to advance our collective vision for higher education."

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New Groundbreaking Customer Cloud Service Helps Utilities Improve Service, Reduce Costs and Accelerate Time to Go Live

TAMPA, Fla., May 1, 2018 /PRNewswire/ -- CS Week  Oracle Utilities today unveiled its Oracle Utilities Customer Cloud Service, the industry's only end-to-end SaaS customer platform. The new cloud service is the first to deliver the full scope of SaaS benefits for customer information systems and meter data management in one solution, enabling utilities to reduce their total cost of ownership by 30 percent and dramatically shorten deployment times to months versus years for a full-function customer platform.

With the continued increase in smart meters, growing customer expectations and a significant influx of data from various sources, utilities are recognizing that upgrading their customer information systems is required to fully take advantage of digital transformation and move toward more interactive customer engagement and improvements in back office processes.

Oracle Utilities Customer Cloud Service combines the power of a leading meter-to-cash platform with the scale, agility and simplicity of the Oracle cloud, eliminating the risks and costs associated with new CIS deployments.

"Utilities are now recognizing that to truly engage with their customers, in the ways in which their customers want to engage, it will be necessary to deploy a next generation customer platform. We are excited about the launch of our Customer Cloud Service because for the first time, utilities have access to the full scope of benefits that the cloud brings, including accelerated implementation times and standardization of processes through Oracle Modern Best Practices.  This will enable utilities to focus on new and innovative strategies and technologies to drive growth," said Rodger Smith, general manager and senior vice president, Oracle Utilities.

Built on the blueprint of the market-leading Oracle Utilities Customer Care and Billing and Oracle Utilities Meter Data Management applications, the Customer Cloud Service delivers a modern, integrated customer platform to meet next-generation needs while freeing valuable resources to focus on business innovation. By leveraging the Oracle cloud, the new solution is inherently secure as Oracle delivers the most robust security technology available and continuously adapts to stay ahead of evolving security threats.

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