Monday, 01 August 2016 06:50

Oracle signals cloud intentions with NetSuite buy

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Oracle signals cloud intentions with NetSuite buy

Oracle has signalled its intentions to compete even more aggressively in the cloud computing market with its purchase of NetSuite last week for US$9.3 billion.

Oracle already has an extensive cloud portfolio featuring SaaS, PaaS and IaaS offerings, including the option of having the hardware used for PaaS and IaaS located in the customer's own data centre at the same price.

But these products have generally appealed more to Oracle's traditional customers rather than startups and smaller businesses, which have been drawn to AWS, Azure, and SaaS offerings such as NetSuite.

NetSuite offers a complete cloud business system from ERP to ecommerce.
According to Techcrunch, one of NetSuite's claims to fame is that more firms have done their initial public offerings using it than any other company.

Oracle chief executive Larry Ellison was an early investor in NetSuite and held a large part of the company while it was a private entity. He still owns about 40% of the company and will thus gain from the acquisition.

NetSuite made a loss of US$125 million in 2015 and staff cuts may now follow as Oracle begins the process of trying to make it profitable.

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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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