Oracle has just entered into an agreement with Telefónica Tech which will enable the opening of the Oracle Cloud Madrid Region, targeting the cloud services demand in Spain.

According to the agreement, Telefónica will become the host partner for the Oracle Cloud Madrid Region while both partners will jointly offer cloud platform-as-a-service and applications to enterprises and public sector organizations across Telefónica Tech’s customer base. Hence, Telefónica Tech will be able to offer Oracle Cloud Infrastructure (OCI) services as part of its portfolio.

“With Oracle Cloud Infrastructure, we are complementing Telefonica’s robust cloud services offering with a cloud platform that has seen strong growth over the last year as customers all over the world use it to run their most mission-critical workloads in the cloud,” said Albert Triola, SVP & Country Leader Oracle Spain.

“Our partnership with Telefonica also comes at a propitious moment for Spain, with the ongoing application of EU recovery funds to boost cloud adoption and business competitiveness in the country. This agreement reaffirms our commitment to providing Spanish businesses and public sector entities with a secure and scalable cloud services platform that helps accelerate the adoption of AI, machine learning and other new technologies in organizations of all sizes and sectors.”

As announced, the new Oracle cloud region will be designed to provide Spanish business and public sector customers with a broad and consistent set of cloud services as well as support their data residency and compliance requirements.

The Madrid region is Oracle’s first cloud region in Spain, and one of the 14 cloud regions Oracle plans to open as it targets an operation of 44 cloud regions by the end of 2022.

“One of the key drivers for success in the cloud market is to help our customers in their digital transformation by offering a complete and differential portfolio with the support of reference partners,” said María Jesús Almazor, CEO of Cybersecurity & Cloud at Telefónica Tech.

“This agreement with Oracle will allow us to expand our cloud services and strengthen our strategic positioning in PaaS, as well as reinforce our value proposition in databases and middleware applications with one of the market leaders”

This announcement is coming less than a month after Oracle opened its first African cloud region in Johannesburg, South Africa which marks Oracle’s 37th cloud region globally.