According to reports Oracle announces, a seven-year strategic cloud partnership with Uber Technologies Inc to accelerate the transport aggregator’s innovation, help deliver new products to market, and drive increased profitability.

By migrating some of the company’s most critical workloads to Oracle Cloud Infrastructure, Uber will be in a position to modernize its infrastructure while also accelerating its path to profitability, as per reports.

Dara Khosrowshahi, chief executive of Uber says, “Uber is revolutionizing the way people, products, and services move across continents and through cities.”

“To deliver on that promise for customers while building value for shareholders, we needed a cloud provider that will help us maximize innovation while reducing our overall infrastructure costs. Oracle provides an ideal combination of price, performance, flexibility, and security to help us deliver incredible customer service, build new products, and increase profitability,” adds Khosrowshahi.

Safra Catz, chief executive at Oracle says, “Uber is expanding into a ‘go anywhere, get anything’ platform, and the company needed a cloud partner that shares a relentless focus on innovation. This landmark competitive win for OCI is further validation of the momentum and acceleration we are experiencing in the market. Enterprises, governments, and startups around the world are recognizing the differentiation of Oracle Cloud Infrastructure and experiencing our performance, security, and economic benefits versus other hyperscalers.”

Along with the OCI agreement, the strategic partnership includes other areas of collaboration between the two companies. Oracle will become a global 'Uber for Business' client, selecting Uber as a preferred rideshare for its employees to travel and eat around the world.

Uber and Oracle will also continue co-innovating on additional retail and delivery solutions that will evolve from the cloud partnership including consumer experiences with last-mile logistics.