When this story was originally posted, it contained an erroneous description of the revenue level of companies for which Oracle offers a particular version of software. It has since been corrected.Oracle will offer customers a range of simplified licensing models in an attempt to make pricing more consistent across its portfolio of products, developed in-house and acquired from competitors.Four basic licensing models will be available for all Oracle products, including J.D. Edwards, PeopleSoft and Siebel applications, Oracle said Tuesday.The Component Model offers customers simple a la carte pricing, while the Custom Application Suite Model allows them to create their own bundle of applications based on their specific business needs. The Enterprise Applications Model is based on enterprise metrics, such as revenue or number of employees, and offers unlimited application usage. For small and midsize businesses (SMBs) with revenue of less than US$100 million, Oracle offers an SMB Model, which provides additional partner support in tools and pricing. Customers can use either the new pricing models or previous licensing models when purchasing additional products from old price lists. Newly released products will be offered under the new pricing models.-John Blau, IDG News Service (Dusseldorf Bureau)Related Links: Oracle Boosts i-flex Offer Oracle Launches Single-ID OfferingsCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by SAP Innovative integration drives automotive group to SAP awards Using SAP Build Process Automation, China Grand Automotive Services Group Co., Ltd. accelerated and streamlined processes for its 700+ dealerships, saving time and costs while earning recognition for its innovation. By Tom Caldecott, SAP Contributor Dec 11, 2023 4 mins Digital Transformation news Concerns remain even as the EU reaches a landmark deal to govern AI Experts believe the new regulation would add a significant compliance burden on businesses as some argue it could even stifle the growth of the rapidly developing technology. By Gagandeep Kaur Dec 11, 2023 7 mins Regulation Artificial Intelligence feature CIOs grapple with the ethics of implementing AI With ethical considerations around AI use increasingly top of mind, IT leaders are developing governance frameworks, establishing review boards, and coming to terms with the difficult discussions and decisions ahead. By Esther Shein Dec 11, 2023 13 mins Generative AI Data Governance IT Governance feature Reed Smith turns to AI for lawyer staffing solution The legal firm’s Smart Resourcing tool helps balance workloads and ensure partners find associates with the right skills and experience, while empowering employees to make connections across the firm’s global footprint. By Sarah K. White Dec 11, 2023 8 mins CIO 100 Legal Digital Transformation Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe