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What is NetSuite?

What is NetSuite?

NetSuite is a company that is an application manufacturer that specializes in providing customized enterprise management software for enterprises. The company's core product is Netsuite, which is a suite of customer relationship management, enterprise resource planning and electronic A comprehensive product integrating business.

NetSuite History

Oracle provided industry background, technical support and management for the creation and development of NetSuite. experience. Evan Goldberg, the former technical leader of Oracle, is the founder of NetSuite and the current chief technology officer of NetSuite. Oracle CEO Ellison is NetSuite's largest investor. In addition, NetSuite CEO Zachary Nelson also worked at Oracle.

In December 2007, NetSuite was successfully listed on the New York Stock Exchange (listing code: N). By 2007, its market value had reached US$2.1 billion [1], becoming one of the fastest growing software companies in Silicon Valley. one. Due to its contributions in the field of enterprise management software, NetSuite has also won numerous awards in recent years. In 2007, he was awarded the TMC Labs Innovation Awards for his role in promoting the improvement of computer communication technology. In the same year, he won the CRM Excellence Award organized by Customer Interaction Solutions magazine. In addition, NetSuite was named a five-star product by CPA Technology Advisor magazine for its financial management system. [2-3]

In 2016, Oracle announced that it would spend US$9.3 billion to acquire cloud ERP service provider NetSuite, hoping to strengthen its rapidly growing cloud computing business. Oracle CEO Mark Hurd said: "Oracle and NetSuite's cloud applications are complementary and will coexist in the market for a long time. We will continue to invest heavily in the products of both companies, including engineering and distribution."

NetSuite founder Evan Goldenberg, chairman of the board of directors, said: "NetSuite has 18 years of development experience in this field. The beneficiaries of the merger with Oracle will be NetSuite users, employees and partners."

NetSuiteCEO Zha Nelson said: "NetSuite will benefit from Oracle's global scale and user coverage, which will accelerate the launch of our cloud solutions in more industries and more countries. In addition, joining Oracle will also help accelerate NetSuite's pace of innovation." ”