Investing.com -- Oracle has been awarded a contract to provide a cloud-based human resources platform for the U.S. government, the U.S. Office of Personnel Management announced Wednesday.

The platform will replace individual systems currently used by federal agencies. Scott Kupor, director of OPM, announced the decision today. The total value of the contract was not disclosed.

Oracle's executive chairman Larry Ellison has been a longtime supporter of President Donald Trump and serves on the president's science and technology council.

The contract award is part of the Trump administration's broader initiative to modernize federal technology systems and reduce costs. Trump appointed billionaire adviser Elon Musk at the start of his second term last year to lead the Department of Government Efficiency. Musk focused primarily on reducing the size of the federal workforce before leaving the administration in mid-2025.

OPM, which functions as the federal government's human resources office, is working to implement the Republican president's plans for the federal workforce.