Oracle announced that he would be able to conclude as early as today the acquisition of NetSuite for $ 9.3 billion. Formalized last July, the operation was rendered complex by the presence in the capital of NetSuite Larry Ellison (president of Oracle) who with his family owns about 45% of the units of this a pioneer in cloud computing, founded in 1998. It was therefore necessary for the acquisition to be validated by a majority of independent shareholders. 53% of them have gave their green light to the bid, which amounted to $ 109 per share, represented a bonus of 19% at the time of the announcement in July.
NetSuite is specializing in management software Saas-type ERP and CRM software several areas : accounting, finance, or e-commerce. Oracle account on this major acquisition to strengthen themselves in the cloud computing and be better placed to compete with Salesforce and Microsoft this fast-growing sector. (Eureka Presse)
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