According to a new press release on the Oracle.com site today, they've announced the company's investment in the popular PaaS provider (and big sponsor of several PHP conferences, events and the community) Engine Yard. From the official press release:

Oracle announced today that it has made a strategic minority investment in Engine Yard, a leading cloud development platform that supports Ruby, PHP and Node.js, popular web development languages. [...] 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.

No word yet on how this will integrate with Oracle's own cloud solutions but it should be interesting to see what comes out of it. Congratulations to the Engine Yard folks on the investment!