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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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