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IT

Oracle to buy NetSuite for USD 9.3 billion

Thursday 28 July 2016 | 15:37 CET | News
Oracle is accelerating its push into cloud services with the agreed takeover of NetSuite for USD 9.3 billion. Oracle said NetSuite pioneered the idea of cloud computing for business applications already in 1998. NetSuite provides a suite of cloud-based financials, ERP and omnichannel commerce software that services more than 30,000 companies and organizations in more than 100 countries. The acquisition was approved by a committee of independent Oracle directors and is expected to add immediately to the company's adjusted earnings. Oracle is offering USD 109 per share for NetSuite, a 19

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Categories: IT
Companies: Oracle
Countries: World
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