After Long Engagement, Oracle to Acquire NetSuite for $9.3 Billion, Strengthening Cloud and SMB Portfolio
This IDC Flash discusses the July 28, 2016, announcement of Oracle's plans to acquire NetSuite. The acquisition, worth $9.3 billion, is Oracle's second largest to date and combines two major players in the cloud ERP market. IDC believes that the acquisition was a calculated gamble by Oracle to gain market share and better serve new segments of the enterprise applications market, including SMBs and specific industry verticals.
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