Oracle announced the Oracle Public Cloud , a broad set of integrated services that provide customers with subscription-based, self-service access to Oracle Fusion Applications, Oracle Fusion Middleware and Oracle Database, all completely managed, hosted and supported by Oracle. Customers can also take existing standard Java and Oracle Database applications and deploy them to the Oracle Public Cloud without rewriting them.
Pricing for the Oracle Public Cloud will be based on a monthly subscription model, and each service can be purchased independently of other services.
Larry Ellison (CEO, Oracle) : The Oracle Public Cloud is a little different. The Oracle Public Cloud is both a platform as a service and applications as a service.