Oracle Hauls In NetSuite

Oracle has inked an agreement to acquire NetSuite — the company its former chief marketing officer, Zach Nelson, cofounded in 1998 — for $9.3 billion. NetSuite offers various software packages as cloud-based services, including ERP, accounting, CRM and sales force automation. What’s surprising about the deal is “why it took so long and why Oracle paid so much,” said analyst Trip Chowdhry.

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