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    Oracle Buys NetSuite

    Posted on August 1st, 2016 by Sanjit Anand ||Email This Post Email This Post

    Oracle set the ball rolling with Netsuite acquisition.

    Oracle OpenWorld Keynote—Cloud Innovation, Mike Hurd (Oracle CEO) predicted that by year 2025 – “Two software-as-a-service (SaaS) suite providers will have 80 percent of the cloud enterprise application market. I volunteer us to be one of them

    Everything came full circle with NetSuite last week, when Oracle announced that it plans to acquire NetSuite for $9.3 billion.

    Oracle and NetSuite announced a strategic alliance focused on plans to deliver integrated HCM and ERP Cloud Services for mid-size customers.

    With this Oracle now has five competing products:

    • Oracle EBS
    • JD Edwards
    • PeopleSoft
    • Oracle Cloud
    • NetSuite

    You can read more detail about Netsuite acquisition here ..Oracle Acquisition of NetSuite Is a Mixed Bag

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