AVNET EXTENDS DISTRIBUTION AGREEMENT WITH ORACLE.

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Avnet Technology Solutions an operating group of Avnet, Inc. has extended its more-than-25-year relationship with Oracle to help Oracle PartnerNetwork (OPN) partners expand their cloud computing capabilities. Avnet will now assist partners in engaging in Oracle Cloud services through Oracle's recently introduced Value Added Distributor (VAD) offerings and obtaining the specializations needed to solve their customers' business needs with Oracle Cloud services. Additionally, Avnet will distribute Oracle's portfolio of Oracle Cloud services, including those related to enterprise performance management, financials, human capital management, portfolio management, procurement, social relationship management, supply chain and vertical industry applications.

With worldwide public IT cloud services spending expected to reach nearly $108 billion by 20171, this market presents a tremendous opportunity for our partners, said Chuck Scalia, vice president and general manager, Avnet Technology Solutions, Americas, Oracle Solutions group. Avnet's team has deep technical and market expertise in public, private and hybrid cloud platforms. Our Oracle partners will be able to draw upon this experience to rapidly bring Oracle Cloud services to market and expand partners' revenue opportunities.

The Oracle Cloud partner program features an array of unique offerings designed to fit specific customer needs, as well as a variety of individual partner skill levels. As a part of this program, partners will be recognized for their expertise and capabilities to meet customers' needs around specific cloud services. Additionally, they will have an opportunity to participate in the entire lifecycle of the cloud services subscription, including the ability to expand, upgrade and renew cloud services over time.

The Oracle Cloud Partner program is specifically designed to meet the unique needs of the channel and enable highly specialized partners to deepen their relationships with customers, said Bruce Chumley, group vice president, Worldwide Alliances and Channels Distribution Sales, Oracle. Avnet has a proven track record of helping partners obtain Oracle PartnerNetwork Specializations, and we know that they will be equally successful in accelerating our partners' cloud computing capabilities and developing new routes to market for Oracle Cloud, our public cloud services.

Avnet is one of the largest global distributors of Oracle technologies, and it supports Oracle and its...

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