Tech giants Verizon and Oracle have announced a partnership whereby customers can use Oracle Database and Oracle Fusion Middleware on Verizon’s cloud.

“This deal represents two market leaders coming together to create a compelling cloud offering that will help enterprises succeed in a highly competitive market environment,” Oracle president Mark Hurd trumpeted in a statement.

He added: “Combining Verizon’s unique enterprise experience and capabilities with Oracle’s best in class cloud products will provide customers another easy and cost-effective choice for embracing the cloud.”

Big words, yes, but what are the facts behind it? It’s worth noting that Verizon Cloud is currently in beta, with the service announced only in October. There’s also no information on when Verizon’s solution will hit full release, but with the latest announcement covering software as a service via Oracle, it’s certainly an interesting proposition.

More than anything, this …