salesforce.com (CRM) Rebounds on New Oracle (ORCL) Cloud-Computing Partnership

salesforce.com (NYSE: CRM) is up about 1.4 percent Tuesday after it and Oracle (Nasdaq: ORCL) announced a new cloud-computing alliance.

According to an earlier release, the two companies entered a comprehensive nine-year partnership encompassing all three tiers of cloud computing: Applications, Platform and Infrastructure. Salesforce.com plans to standardize on the Oracle Linux operating system, Exadata engineered systems, the Oracle Database, and Java Middleware Platform. Oracle plans to integrate salesforce.com with Oracle's Fusion HCM and Financial Cloud, and provide the core technology to power salesforce.com's applications and platform. Salesforce.com will also implement Oracle's Fusion HCM and Financial cloud applications throughout the company.

Today's announcement follows comments from Oracle CEO Larry Ellison on the company's quarterly conference call last Thursday. Ellison said the company was looking for forge new SaaS partnerships with salesforce.com, Microsoft (Nasdaq: MSFT), NetSuite (NYSE: N), and others.

salesforce.com shares also popped on word that the two companies would also be doing some data sharing. Those gains were given back during Monday's trading session.

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