Articles about netsuite

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Why Oracle's Larry Ellison shelled out $9bn for NetSuite

Analysis NetSuite's 18-year run as an independent ERP SaaS provider is over after shareholders approved Oracle's $9.3bn acquisition of the firm. Larry Ellison scraped up a narrow majority of unaffiliated shares to land one of Silicon Valley's early SaaS pioneers. Ellison got 53.21 per cent of unaffiliated shares, 21,775,553. Oracle's …
Gavin Clarke, 7 Nov 2016
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NetSuite's pre-Oracle curtain call: Growth and costs increase

NetSuite closed in typical fashion what promised to be the final quarter before it is subsumed by Oracle - growth in turnover continued, as did operating overheads and losses. The cloudy ERP firm reported Q3 results for the period ended September, while reiterating it will not give guidance for the fourth quarter and has …
Gavin Clarke, 24 Oct 2016
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Investors resist Larry Ellison's $9.3bn NetSuite deal

Influential investors are opposing NetSuite’s $9.3bn acquisition by Oracle for selling their firm short. The cloud pioneer’s single largest unaffiliated shareholder, T Rowe Price Associates, has written to NetSuite’s board in a letter here explaining why it won’t hand over its stock for the deal. It raises a major question …
Gavin Clarke, 8 Sep 2016
Young woman in headphones sits at mixing desk in radio/podcast studio. Photo by Shutterstock

Speaking in Tech: Thousands audition, millions vote.... One wins. It's Podcast Idol

Podcast speaking_in_tech Greg Knieriemen podcast enterprise This week Greg returns to our weekly tech-cast just as one of the co-hosts has decided it is time to move on. This week we discuss private equity and HPE, Oracle and NetSuite, being “the man” and some tearful goodbyes. The details… (1:00) The bitch is back (6:35) …
Team Register, 3 Aug 2016
Cloudy server conceptual illustration. Photo by Shutterstock

Larry Ellison's Oracle swallows Larry Ellison's part owned Netsuite for $9.3bn

Database titan Larry Ellison’s Oracle is slurping NetSuite - a company he and his family already own a big slice of - for a cool $9.3bn (£7bn) to help him compete better with Salesforce, another firm he part owns. The buy will see Oracle splash $109 per share on the first ever purveyor of software clouds: NetSuite was set up …
Kat Hall, 28 Jul 2016

NetSuite hacker thrown in the cooler for a year, fined $124,000

A hacker has been jailed for a year and fined $124,000 (£86,000) after admitting he infiltrated a protected computer system. He has also had all his computer equipment confiscated and faces a three-year probation period when he gets out. Robert Saunders, 30, repeatedly hacked into the corporate network of cloud business …
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NetSuite CEO: 'It will be $99 forever for every user'

NetSuite has ruled out following its business-apps-as-a service peer Salesforce in hiking prices for customers. Zach Nelson, chief executive since 2002, has fixed his firm's monthly per-user pricing – currently at $99 - in stone. Business-cloud software rival Salesforce has increased its core pricing, stable and barely changed …
Gavin Clarke, 9 May 2016
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Sage cheerfully pours £10m over Salesforce partner Fairsail

Payroll and accounting software firm Sage Software is taking a stake in Salesforce-HR platform partner Fairsail. Star-struck Sage, which has also announced interim financial results with growth in its own cloud service, will take a £10m minority stake in Fairsail and a board seat. Sage is leading the funding round. Fairsail …
Gavin Clarke, 5 May 2016
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NetSuite's leap over to Azure cloud - a shot to the pills for AWS?

NetSuite, the ERP-as-a-service firm, is shifting its entire business – and therefore that of its customers - off Amazon’s Web Services (AWS) and onto Microsoft’s Azure. Zack Nelson’s firm plans to shift its 24,000 customers to Microsoft’s cloud as the basis for their hosted business by the end of 2015. Azure will become the …
Gavin Clarke, 8 May 2015
NetSuite CEO Zach Nelson

Sorry about that profit, says NetSuite, our costs should be higher

NetSuite CEO Zach Nelson has attributed last week's estimates-busting results are partly due to enthusiasm for cloudy software, but also partly due to difficulties finding people to hire. The company hauled in US$143.7 million for the quarter, a small matter of 34 per cent more than the corresponding quarter in 2013. But the …
Simon Sharwood, 28 Oct 2014

Dell gambles solid server sales for NetSuite's riches

The world’s number two-server maker is gambling its core business on cloud sales and services in a deal with NetSuite. Dell has become a global reseller of the latter’s hosted enterprise resource planning (ERP) software suite and will also implement NetSuite for customers. The deal will see sales people from the recently …
Gavin Clarke, 27 Feb 2014
NetSuite CEO Zach Nelson

NetSuite to feast on bones of failed SAP Business ByDesign

NetSuite is waiting, vulture-style, for SAP Business ByDesign to stop breathing so it can recover some meat from the bones, according the chief executive Zach Nelson. SAP announced last week that it will stop developing Business ByDesign, a cloudy business suite it hoped would help it to nip the Larry-Ellison-funded Netsuite …
Simon Sharwood, 29 Oct 2013

NetSuite's Nelson mocks SAP for halting work on its, er, 'NetSuite-killer'

NetSuite has slapped down business software rival SAP for abandoning mid-market customers hungry for Software as a Service (SaaS). Zach Nelson, NetSuite chief executive, said SAP’s decision to stop developing its Business ByDesign service proved the danger of relying on a “last generation provider” like SAP for cloud services …
Gavin Clarke, 25 Oct 2013
The Register breaking news

Oracle partners with NetSuite for people management

Oracle and NetSuite have forged a strategic alliance that will see the companies ensure data portability between their various "human capital management" systems. The partnership was first hinted at by Oracle chief Larry Ellison on a conference call last week, and the announcement follows on from significant partnerships with …
Jack Clark, 26 Jun 2013
borg_cube

Oracle set for major Microsoft, Salesforce, Netsuite partnerships

Oracle is embarking on a spree of partnerships to assure the success of its much-ballyhooed 12c database among cloud companies. The red giant's chief, Larry Ellison, announced during Oracle's disappointing fourth quarter earnings call yesterday that Oracle will be forming alliances with NetSuite, Salesforce.com, Microsoft, and …
Jack Clark, 21 Jun 2013

'I still get on the phone for a $5k deal' - NetSuite CEO's anti-SAP mission

Interview California-based Salesforce has been an unstoppable force in Software as a Service (SaaS) for 14 years. It pulled in $3.05bn in revenue last year, and just booted rival enterprise tech maker SAP from its slot as the world's number-one customer relationship management software (CRM) company. But there’s another SaaS company …
Gavin Clarke, 1 May 2013

NetSuite CEO Zach Nelson expects toothbrush commerce

Toothbrushes will go online and encourage you to buy new ones once their bristles wear out, according to Zach Nelson, CEO of software-as-a-service outfit NetSuite. Speaking at an event in Sydney today, Nelson occasionally suggested he and NetSuite's founders may be a candidate for consideration as a “genius visionary.” He wasn …
The Register breaking news

Ellison's NetSuite still not making money

Sales for the Larry Ellison–backed online-application software peddler NetSuite shot up over 20 per cent in its most recent quarter, but despite that increase it still managed to lose nearly $10m. Despite those numbers, however, perhaps the firm in which Ellison has his day job – Oracle – should look into snapping NetSuite up …

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