Andrew Linden
1
All posts from Andrew Linden
Andrew Linden in Your News,

Oracle & Netsuite: Huge Premium For Clients?

Oracle said it would buy NetSuite in a deal valued at about $9.3 billion to expand into the fast-growing cloud market. Netsuite shares rose 18.6 percent to $108.64 in premarket trading, just shy of the offer price of $109 per share. Like rivals SAP and Microsoft, Oracle has focused on moving its business to the cloud-based model, essentially providing services remotely via data centers rather than selling installed software.

NetSuite, founded in 1998, pioneered the cloud computing revolution, by creating the first company dedicated to providing business applications over the internet. Oracle has also acquired companies such as Textura and Opower to increase its competitiveness in the cloud market.

Workday a few weeks ago acquired Zaption and is pretty much active on M&A market, so that Oracle want to catch up. This deal will definitely impact the industry and I'm waiting for more deals by the end of this year. I guess Sap should be more active on this field.