Oracle boss Larry Ellison

Oracle’s Fusion Apps suite may have been launched to great fanfare at OpenWorld last year but the software giant is still remaining tight-lipped over a possible release date.

The firm’s flagship business software suite was previewed by Oracle founder and CEO Larry Ellison during OpenWorld 2010 in San Francisco last September. Five years in development, it will contain 100 modules across seven different product areas: financial management, procurement and sourcing, project and portfolio management, human capital management, CRM, supply chain management, and governance risk and compliance, Ellison said.

It was described by Ellison as a huge engineering effort. It has, he said, taken the best parts of acquired companies such as Siebel, PeopleSoft and JD Edwards and put them together.

Ellison also said the suite will be available during the first quarter of 2011. However, with no sign of it so far, Mark Wilkinson, VP of UK Applications at Oracle told CBR the company has no set release date. "We’re not in any rush," he said. "There is no time frame [for release] but we’re on track based on where we want to be at this time."

Oracle is currently going through an extensive early adopter programme, which has signed up around 40 companies to date. The company will be looking to hit general availability for Fusion Apps once the early adopter programme is complete. Wilkinson added that Oracle is confident of hitting Ellison’s stated target of 50-100 customers for the first half of 2011.