“The speed at which our customers in Bangladesh are innovating and digitising their businesses exceeds what we are experiencing in other parts of the Asean region,” said Cherian Varghese, regional managing director for Oracle Asean, at the launch ceremony.

Oracle, which was founded in 1977 in California’s Santa Clara, is said to be experiencing a strong demand for its cloud solutions in Bangladesh from both public and private-sector enterprises.

The Oracle Cloud offers a complete suite of integrated applications for sales, service, marketing, human resources, finance, supply chain and manufacturing.

Bangladeshi firms are leveraging Oracle Cloud to fulfil a variety of business requirements including to manage and retain talent, deliver better customer experiences, launch new services faster or reduce costs. The organisations include Ananta Group, Bangladesh Bank, Bangladesh Bridge Authority, Bangladesh Computer Council, Bangladesh Election Commission, bKash, Brac Bank, DBL Group, the Department of Immigration and Passport, the Ministry of Road Transport and Bridges and the National Board of Revenue. “With an ecosystem of a 50-plus strong partner community in Bangladesh, we continue to support the digital transformation for our customers in the region. With our established network and vast breadth of world-class technology, we are geared to help build Bangladesh’s digital agenda,” said Rubaba Dowla, managing director for Oracle Bangladesh.

Finance Minister AHM Mustafa Kamal appreciated the US tech giant’s move, pointing out that the Bangladesh economy had surged 8.15 per cent last fiscal year, the highest in the Asia Pacific region.

The company helped organisations “transform, harness the growth we are seeing and serve their customers in new, innovative ways”, a statement quotes him as saying.

“I would like to congratulate Oracle on this milestone, particularly since they have been close technology partners supporting Bangladesh’s development agenda,” said State Minister for ICT Zunaid Ahmed Palak, who was also in attendance alongside US Ambassador to Bangladesh Earl R Miller.