Oracle (NASDAQ: ORCL), Redwood Shores, CA, has agreed to acquire cloud-based ERP and e-commerce provider NetSuite Inc. (NYSE: N), San Mateo, CA, for $9.3 billion.
“Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever,” said Mark Hurd, CEO, Oracle. “We intend to invest heavily in both products – engineering and distribution.”
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