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