Oracle has announced a strategic investment in Engine Yard, a leading cloud development platform that supports Ruby, PHP and Node.js, popular web development languages. The Engine Yard Platform-as-a-Service (PaaS) automates the configuration, deployment and on-going maintenance of cloud environments to enable application developers to rapidly build, deploy and manage cloud applications. In conjunction with this investment, Oracle and Engine Yard expect to work closely together to provide cloud application developers with a greater choice of development and deployment options. The two companies are expected to connect their respective PaaS offerings to enable more rapid development of applications in a secure, reliable and scalable environment. Developers can more efficiently extend their packaged applications to support additional business requirements and test, prototype and deploy new purpose-built applications without having to assemble and maintain the infrastructure. Continue reading this story here.