Oracle to purchase NetSuite

Q.  Oracle has indicated that it would purchase which company in a deal valued at USD 9.3 billion to expand into the fast growing cloud market?
- Published on 01 Aug 16

a. IntelSuite
b. NetSuite
c. HootSuite
d. None of the above

ANSWER: IntelSuite
 
Oracle has indicated that it would purchase NetSuite in a deal valued at USD 9.3 billion to expand into fast growing cloud market.
  • Net Suite shares rose 18.6 percent to USD 108.64 in pre-market trading just a little less than USD 109 per share.
  • Rivals SAP, SE and Microsoft have also focused on moving the business to the cloud based model providing services remotely via data centres rather than selling installed software.
  • Oracle recently lost the Titanium case and was asked to pay USD 3 billion to HP.
  • Net Suite founded in 1998 pioneered the cloud computing revolution for creating the first company dedicated to providing business apps over the internet.
  • Oracle has also acquired firms such as Textura and Opower to enhance competitiveness in the cloud market

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