Gigaom

Only seven years after Amazon Web Services (s amzn) debuted and the Software-as-a-Service business model blew up, Oracle has finally come around on cloud computing with its flagship database product. On Monday, it revealed its anticipated Oracle Database 12c edition, calling it “the first database designed for the cloud.” Personally, I think that depends how you define cloud.

Oracle 12c does offer up a slew of features, some of which — such as multitenancy and geographically distributed load balancing/failover — are very cloudy. If I were building a cloud service or looking to update an existing one, I’m sure these would appeal to me. Heck, I might even demand them.

oracle mt

That being said, if I’m building a Software-as-a-Service startup that’s doing nothing now but that I hope will spread like wildfire, the $47,500 per processor list price of Oracle 12c Enterprise Edition — the only edition offering multitenancy…

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