Dubbed Oracle Dedicated Region Cloud@Customer, Oracle says that the service is touted as the industry’s first fully-managed cloud region that brings more than 50 cloud services that can run from customers’ own data centres.

For $500,000 per month, Oracle will install its hardware in customer’s data centres claiming that it will allow them high security and regulatory commitments to benefit from cloud-based software without migrating their data.

We would have thought that this is not really cloudy and is basically installing an old style leased data centre.

Oracle said that it solves a problem that big corporations using hybrid cloud configurations weren’t necessarily able to use all of the company’s cloud-based services due to incompatibility with their own hardware.

This new service will allow customers to port the entirety of Oracle's software stack to their own data centres by installing Oracle hardware onsite.

"With Oracle Dedicated Region Cloud@Customer, enterprises get all of our second-generation cloud services, including Autonomous Database, in their datacentres. Our major competitors can't offer customers a comparable dedicated cloud region running on-premises", the company said.

Cynics might say that this is a clever way of creating a new form vendor lock-in, as the installation of Oracle's own hardware may make it more difficult for enterprise customers to transition to other providers should they wish.