Oracle is buying NetSuite for $ 9.3 billion.
I have long admired NetSuite. They are cloud pioneers going back nearly two decades. CEO Zach Nelson helped in countless ways when I wrote The New Polymath
I was hoping they would stay independent a bit longer. In May, after SuiteWorld where I saw their progress in High Tech, Retail and a few other verticals, I wrote “At this stage, I believe NetSuite has one of the most evolved industry strategies in the cloud application world.” In SAP Nation, I wrote about several 2-tier implementations that NetSuite was making a mark around. With 30,000 customers NetSuite already had a steady base, but I also saw it “breaking out” into many new markets.
Still, it is good to see NetSuite executives and staff rewarded. Oracle is picking up a fine asset. Positioned properly, it should supplement Oracle’s own, more horizontal, Fusion products. Is it too expensive an acquisition? I don’t think so - not in a world where LinkedIn was prized thrice as much.
I look forward to learning more from Oracle about the next chapter at NetSuite.