Buys Netsuite | Oracle

In November 2016, officially completed its $9.3 billion acquisition of NetSuite , a landmark deal that solidified Oracle’s position in the cloud computing market. The acquisition was a strategic move to combine NetSuite's strength in cloud ERP for small and midsize businesses with Oracle's enterprise-grade cloud solutions. Key Acquisition Details

: Under Oracle, NetSuite has tripled its customer community and expanded its global reach, particularly in APAC and South America. Historical Significance Oracle Buys NetSuite oracle buys netsuite

: $109.00 per share in cash, totaling approximately $9.3 billion . In November 2016, officially completed its $9

: NetSuite migrated to Oracle Cloud Infrastructure (OCI) data centers globally. By 2025, it began moving underlying data to the Oracle Autonomous Database for better performance and security. Historical Significance Oracle Buys NetSuite : $109

: NetSuite founder Evan Goldberg remained as the Executive Vice President of the Oracle NetSuite Global Business Unit . Long-Term Impact and Evolution (2016–Present)

: Oracle CEO Mark Hurd stated that both companies' cloud applications are "complementary" and would continue to "coexist in the marketplace forever".