Lawrence Ellison Founds Software Development Laboratories

Inspired by Edgar F. Codd's 1970 paper on relational database systems called "A Relational Model of Data for Large Shared Data Banks," in 1977 Lawrence Ellison founded Software Development Laboratories, in Santa Clara, California. Renamed Relational Software in 1979, the company introduced its first Relational Database Management System (RDBMS), Oracle V2. To give the impression of reliability there was no version 1.