Deutsche Bank is undertaking a massive migration from its Oracle databases to Oracle Exadata Cloud @ Customer. The hybrid option – which effectively brings all of Oracle’s public cloud services directly to a customer’s data centers – is expected to deliver triple-digit cost savings for the German financial services giant, said companies at ZDNet.

The multi-year agreement between Deutsche Bank and Oracle underscores how much companies need to consider their past investments and the bottom line when developing a cloud strategy.

“We have a very big investment in Oracle from a software perspective,” Gordon MacKechnie, head of technology infrastructure at Deutsche Bank Group, told ZDNet. “It was a way for us to get the most out of this software investment with a stable platform that gave us a whole bunch of new features and functionality.”

Deutsche Bank has a very public public cloud strategy that leverages Google Cloud Platform to develop application logic in the cloud and Microsoft Azure for its productivity tools. Its investments in Cloud @ Customer are “complementary and in some ways a catalyst for this strategy,” MacKechnie said.

The company chose this option after looking for a way to modernize and consolidate its existing database systems. Over four to five years, the company will move “several thousand databases” – over 95% of its systems – to Cloud @ Customer while upgrading to the latest versions of Oracle Database. It will move to a standardized platform to support critical systems such as trading, payment processing, risk and capital planning, and regulatory reporting. Deutsche Bank also plans to take advantage of Oracle’s stand-alone capabilities.

“The scale and mission criticality of the systems involved means we’ll take it with caution going forward,” MacKechnie said. Although it is a huge undertaking, he added that “as migrations go on, it is not one of the most complex.”

Oracle’s cloud strategy is to facilitate this migration for its many on-premises customers. The company’s public cloud footprint is still marginal compared to the market share held by GCP, Azure, and Amazon Web Services. However, as Oracle co-founder and CTO Larry Ellison noted, the company has “hundreds of thousands of database customers, including all of the largest corporations and governments on planet Earth.”

Given this customer base, it’s no surprise that Oracle’s talk is “to always and always protect your investment in technology.”

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