(Bloomberg News) -- Oracle Corp. plans to make almost all of its services available via the Internet by mid-October, Co-Chief Executive Officer Mark Hurd said, as the database-software company changes its business model to fit a new competitive landscape.

“We are still investing, very much in our traditional products. But that said, we are moving those products to now be available in the cloud at a really incredible pace,” Hurd said in an interview at Bloomberg’s headquarters in New York. “We are not protecting, so to speak, anything.”

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