Oracle Buys: Netsuite

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

: Oracle aimed to dominate the small and medium enterprise (SME) space and upsell wider cloud offerings as those businesses grew. oracle buys netsuite

: 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. : Oracle CEO Mark Hurd stated that both

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 By 2025, it began moving underlying data to

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