Oracle Cloud Platform-as-a-Service (PaaS) helps enterprise IT and independent software vendor (ISV) developers rapidly build and deploy rich applications—or extend Oracle Cloud SaaS apps—using an enterprise-grade cloud platform based on the Oracle database and application server. Oracle Cloud Platform is presented by the vendor as a comprehensive, standards-based, fully integrated combination of Oracle and open source technologies to build, deploy, migrate, and manage a variety of different application workloads in the cloud at a lower operational cost.
For organizations with strict data residency, compliance, or latency requirements, Oracle Cloud Platform is also available within organizations' data centers, fully managed by Oracle.