Oracle will help six start-ups

Start-ups will receive first-class support and individual features
17 July 2017   1108
Oracle Database

Object-relational database management system produced and marketed by Oracle Corporation.

Recently, Oracle named the first six startups selected for its Paris-based Oracle Startup Cloud Accelerator program. Oracle launched its first accelerator in Bangalore, India, in April 2016 and has now expanded to seven additional accelerators in other parts of the world. This is reported by the Oracle Blog. 

This startup accelerators offer companies access to financial and other resources they wouldn’t otherwise have, while exposing the new companies to the startups’ innovative thinking and energy.

Nowadays, Oracle Startup Cloud Accelerator has a new form: it provides young companies with personalized technical and business mentoring, free access to a range of Oracle Cloud services and helps them to create commercial relationships with Oracle’s large enterprise customers.

We’re trying to develop sustained relationships with startups to give them something that is in line with the specific point in their history.

Dominique van Deth
Accelerator program director, Oracle Startup Cloud Accelerator for France

Oracle provides start-ups with two full-time specialists - technical “mentor in residence” and a program lead who can provide business counsel. These two professionals provide companies with individual, first-class support. 

Paris accelerator focuses on companies already generating $100,000 in monthly recurring revenue. Oracle Startup Cloud Accelerator is adjusted on a market-by-market basis.

"Old" start-ups, for example, Dial-Once, one of the six companies accepted into the Paris program, face a very different set of problems, such as selling into larger businesses or growing internationally. 

Oracle’s vast global resources, technologies, and support ecosystem will be a boost and position us to continue to scale our solution globally.

Charles Dunston
CEO, Dial-Once

The other five startups accepted into the Paris-based accelerator are:

  • 1Check, which digitizes processes for hotels, campsites, resorts, nursing homes, apartment buildings, and school campuses
  • OuiTeam, which helps companies improve workforce efficiency by optimizing internal staff transfers from one site to another
  • Shippeo, whose mobile application helps shippers and freight forwarders monitor their supply chains in real time.
  • Tilkee, whose lead-conversion application, used in email campaigns, helps marketers close deals by analyzing prospects’ reading behaviors to score their interest and prioritize follow-ups.
  • Weblib, whose in-store Wi-Fi and tablet software help retailers and restaurants boost revenue, improve traffic, and build customer loyalty.

Oracle received hundreds of applications, each of which was scored by seven judges criteria. So, as a result, Oracle then conducted follow-up interviews via videoconference, further winnowing the applicant pool to 32 companies.

Participants received access to:

  • coworking space 
  • mentoring 
  • a tailored curriculum 
  • peer-to-peer interaction with Oracle employees worldwide 
  • free Oracle Cloud services
  • go-to-market education from Oracle and industry executives

In addition the accelerator program illustrates that Oracle can be a strong business and technology partner to companies of all sizes.

Hackers made $226K in Monero breaking into Oracle WebLogic

The attacks started in December of 2017 as a group hackers installed Monero miners on Oracle WebLogic Servers, which led to hackers' profit of a quarter million dollars
12 January 2018   1123

Oracle WebLogic Server is a Java EE application server currently developed by Oracle Corporation. The experts at the SANS Technology Institute and Morphus Labs reported that a group of hackers was attacking Oracle weblogic Servers from December 2017, using the exploit code for the CVE-2017-10271 vulnerability in Oracle WebLogic servers, patched by Oracle in October 2017 and leaked to the web.

The hackers reportedly chose that vulnerability as it was not difficult to use it through Internet to put the malicious code on the Weblogic server, and the exploit included IP scanner that searched for vulnerable hosts, which eventually let hackers make $226.000 worth 611 Monero coins installing a cryptocurrency miner.

The attackers had access to all the information in PeopleSoft that is touching WebLogic servers, but rather than sell this information on the black market, which takes more work than writing a simple script to exploit the system and drop crypto mining software on it, they probably thought they could get more money by crypto mining.

Johannes Ullrich

Dean of research, SANS Technology Institute

Despite the fact that hackers were able to steal significant corporate data or install ransomware, they only installed a cryptocurrency miner to mine Monero hoping that high CPU use of the server stayes unnoticed.

At the moment of press, these are main market parameters of Monero:

  • Average price: $370,66
  • Marketcap: $5 779 654 391
  • 24h volume: $150 136 000