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What Channel Gains From Oracle-NetSuite Deal? The channel is very optimistic about the much talked about Oracle-NetSuite deal and is hoping for the best outcome from the USD9.3 billion acquisition. However, partners demand more clarity on the impact of the deal on the channel business and opportunities, as well as challenges coming up with synergies of two cloud veterans coming together.Read More GST Hopes Brighten As Union Cabinet Amends Key Changes Bill The much awaited GST bill has come one step closer to convert into law as the government made...

The channel is very optimistic about the much talked about Oracle-NetSuite deal and is hoping for the best outcome from the USD9.3 billion acquisition. However, partners demand more clarity on the impact of the deal on the channel business and opportunities, as well as challenges coming up with synergies of two cloud veterans coming together. “There is a lot of cloud buzz in the market and every vendor wants to capitalize on it. Oracle is also trying to capture the bigger market share and the company will certainly get millage...

Oracle has announced that it has entered into a definitive agreement to acquire NetSuite, the very first cloud company. The transaction is valued at USD109.00 per share in cash, or approximately USD9.3 billion. “Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever,” said Mark Hurd, Chief Executive Officer, Oracle. “We intend to invest heavily in both products - engineering and distribution.” “We expect this acquisition to be immediately accretive to Oracle’s earnings on a non-GAAP basis in the first full fiscal year after closing,” said...