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News Analysis: Oracle’s $9.3B Acquisition Of Netsuite Is About Cloud Consolidation - Enterprise Irregulars

News Analysis: Oracle’s $9.3B Acquisition Of Netsuite Is About Cloud Consolidation - Enterprise Irregulars | The MarTech Digest | Scoop.it
Oracle’s 9.3B acquisition of Netsuite came as no surprise to valley insiders.  The surprise came as how badly Oracle sought cloud revenue and to bring a friendly partner back into the family.  Constellation sees the following for the buy side:

  • Battle for cloud revenue continues.  Oracle as with every cloud vendor is seeking to grow their subscription revenues.  Netsuite brings almost 800M in revenue and grows the overall market share.
  • Serves the mid market and divisions in an end to end capacity. Netsuite gives the Oracle customer an integrated cloud ERP, CRM, and commerce suite.
  • Addresses gaps in Oracle’s Industry Cloud strategy.  Netsuite’s core has been strong in manufacturing, retail, commerce, and professional services.  While Oracle addresses these products in an on-premises model, Netsuite’s cloud approach fills holes in Oracle’s cloud strategy in key verticals.
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Oracle Is Buying NetSuite for $9.3 Billion - Fortune

Oracle Is Buying NetSuite for $9.3 Billion - Fortune | The MarTech Digest | Scoop.it
Per NetSuite’s latest proxy, filed in April, Larry Ellison owned 39.7% of NetSuite’s outstanding shares at that time. The shares are held by an entity called NetSuite Restricted Holdings LLC.

In a deal that’s been long rumored, Oracle is buying NetSuite, a cloud software company backed by Oracle executive chairman Larry Ellison.

Mark Hurd, chief executive officer of Oracle, said in Thursday’s announcement, “Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever. We intend to invest heavily in both products—engineering and distribution.”
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NetSuite and Microsoft Team Up in the Cloud - re/code

NetSuite and Microsoft Team Up in the Cloud - re/code | The MarTech Digest | Scoop.it

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Again, the "Fog of Vendor Collaboration" comes ashore.

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