THE ORACLE DIVISION IN RUSSIA WAS DECLARED BANKRUPT

THE ORACLE DIVISION IN RUSSIA WAS DECLARED BANKRUPT

THE ORACLE DIVISION IN RUSSIA WAS DECLARED BANKRUPT
The Moscow court declared the Russian division of the American software manufacturer Oracle insolvent. According to TASS, at the moment the company's debts exceed 1.3 billion rubles.


The main creditors of Oracle in Russia are Marvel Distribution and FORCE Distribution, the company owes them 425.2 million and 440 million rubles, respectively.

In addition, there are significant requirements for the Russian Oracle from Sberbank (77.2 million) and Alfa-Bank (99.4 million), Jet Infosystems (20 million) and other companies.

Recall that before the start of its production, the products of the American corporation (software, DBMS, server equipment) were used by many Russian structures (the Federal Tax Service, Sberbank, the Central Bank of the Russian Federation, Rostelecom). The revenue of the Russian "daughter" of the American developer reached 7.8 billion rubles.

After the American corporation announced its withdrawal from the market and its intention to lay off about 300 of its employees in Russia, Marvel Distribution, Croc Incorporated, Jet Infosystems, IBS Platformics, Taber Trade and others filed claims with Oracle.


07.08.2023