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