Oracle Purchased NetSuite
Netsuite was established in 1998 by Oracle alumni Evan Goldberg as an Enterprise Resource Planning (ERP) platform designed specifically for small and midsize businesses. Oracle made this move to enhance their cloud business line and better compete against primary rival Salesforce. Cloud-Based ERP Solutions Oracle announced their acquisition of NetSuite, a leading cloud-based ERP solution. This move is meant to expand Oracle into small and midsize business markets where it does not currently hold much sway. NetSuite’s integrated suite of enterprise resource planning (ERP) software covers finance, accounting, inventory management and ecommerce – as well as offering modules for sales


