Oracle to buy cloud provider NetSuite for $9.3 billion

Oracle has entered into an agreement to buy NetSuite, which provides cloud-based accounting, enterprise resource planning, customer relationship management, and other business software packages, for US$ 9.3 billion.

The NetSuite package of products is complementary to Oracle’s cloud products and the companies’ cloud packages will “coexist in the marketplace forever,” Mark Hurd, Oracle’s CEO, said in a press release.

The deal will allow Oracle to serve a broader range of customers, including smaller businesses, and expand to more industries and more countries, the company said. Asked what additional advantages the deal brings, and Oracle spokeswoman said, “We are declining additional comment today.”

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Cloud Computing


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Oracle Sets Its Sights on Engineering and Construction Industry With Textura Buy

Oracle is spending $ 663 million to buy Textura, a company that offers cloud services for the engineering and construction industry.

Textura’s products will be combined with Oracle’s existing Primavera project-management suite — the result of a 2008 acquisition by the database giant — in the Oracle Engineering and Construction Global Business Unit, Oracle announced on Thursday. The focus of that unit will be offering a comprehensive cloud-based project control and execution platform that manages all phases of engineering and construction projects.

“The increasingly global engineering and construction industry requires digital modernization in a way that automates manual processes and embraces the power of cloud computing to easily connect the construction job site, reduce cost overruns and improve productivity,” said Mike Sicilia, a senior vice president at Oracle who will lead the newly expanded business unit.

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Computerworld Cloud Computing

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