At Oracle, we are at the forefront of technological innovation, dedicated to helping people see data in new ways, discover insights, and unlock endless possibilities. Founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates as Software Development Laboratories, our journey began with a vision inspired by Edgar F. Codd's research paper on relational database management systems (RDBMS). This led to the 1979 release of Oracle, the first commercial relational database program to utilize Structured Query Language (SQL), a milestone that quickly gained popularity and set the stage for our future growth. By 1982, the company was renamed Oracle Systems Corporation to align with our flagship product, Oracle Database, and in 1987, we became the largest database management company globally. Our commitment to innovation continued as we developed products compatible with emerging web technologies, further solidifying our leadership in database technology.
Throughout our history, Oracle has consistently expanded its offerings through both organic growth and strategic acquisitions. Key acquisitions like PeopleSoft in 2005, Siebel in 2006, BEA Systems in 2008, and Sun Microsystems in 2010 have been instrumental in broadening our portfolio to include enterprise resource planning (ERP), customer relationship management (CRM), enterprise infrastructure software, and critical technologies like Java and Solaris. These strategic moves have enabled us to provide a comprehensive suite of enterprise software products, including human capital management (HCM), enterprise performance management (EPM), and supply chain management (SCM) software. Today, Oracle is a global leader in database software, cloud engineered systems, and enterprise software products, with a significant focus on cloud computing and artificial intelligence. We are continuously investing in research and development, with over $80 billion invested since fiscal year 2012, and have spent over $110 billion on more than 150 acquisitions to enhance our capabilities and drive industry advancement. Our mission is to empower businesses worldwide with groundbreaking technology, enabling them to transform and modernize their operations for sustained success in an ever-evolving digital landscape.