From InfoWorld: Lashed to the much bigger ship that is Oracle, cloud software provider NetSuite is setting sail for a new market near you.
Until now, the 18-year-old company based in San Mateo, California, has focused on English-speaking countries and Japan. As part of Oracle, it plans to localize its products for many more countries while expanding its data-center capacity, sales operations, partner channel and other assets to reach customers in those new areas.
Oracle announced plans in July to buy NetSuite for $9.3 billion, and it closed the deal on Nov. 7. On Thursday, executives laid out some of their plans following the takeover.
The plans include making NetSuite’s cloud-based applications work with Oracle’s larger platform and infrastructure services while keeping the NetSuite offerings as distinct products.
“NetSuite products will go on forever,” Oracle CEO Mark Hurd said. Though Oracle is also getting into the cloud-based software business, it targets large enterprises while NetSuite is primarily for small and medium-sized businesses, he said. Hurd also said Oracle has no intention of changing prices in the wake of the deal.
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