How the Oracle Purchase of NetSuite Affects You

By now, you've all heard the news of Oracle's purchase of NetSuite, and you are probably wondering what impact this will have on you as a NetSuite customer.  The Vested Group is going to ease your mind today by letting you know you probably won't even notice any changes in the short term and only positive differences in the long term.

If you haven't heard, on July 28, 2016, Oracle announced that it has entered into a definitive agreement to acquire NetSuite, the very first cloud company. The proposed transaction is expected to close in 2016. Until the transaction closes, Oracle and NetSuite will continue to operate independently.

In 1998, NetSuite pioneered the Cloud Computing revolution, establishing the world’s first company dedicated to delivering business applications over the Internet. Today, NetSuite provides a suite of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software that runs the business of more than 30,000 companies, organizations, and subsidiaries in more than 100 countries.

The addition of NetSuite will enable Oracle to expand its ability to support customers of any size in more industries and more countries.

UPDATE: For more details from Oracle's CEO, Mark Hurd, read our most recent article about the Oracle acquisition of NetSuite here: 5 Things You Need to Know about Oracle + NetSuite.

Some of the common questions about the Oracle purchase of NetSuite are as follows:

What is the rationale for this acquisition?

NetSuite’s customers have been early adopters of the cloud and represent potential current and future buyers of Oracle’s entire portfolio of technologies. Oracle intends to utilize its broad footprint of complementary and leading cloud SaaS, PaaS, IaaS and DaaS capabilities to help NetSuite’s customers grow their businesses faster and more profitably.

What products and services does NetSuite offer?

NetSuite offers a suite of cloud applications including core financials/ERP, financial management, ecommerce and retail management, commerce marketing automation and professional services automation (PSA), that enables companies to manage many of their core business operations.

Can I still purchase NetSuite products and services?

Yes. NetSuite products and services continue to be available. It is business as usual. Please contact The Vested Group for more information.

Will The Vested Group continue to support NetSuite?

Absolutely! The Vested Group's NetSuite support practice, inVESTED, will continue to operate as usual.   Current NetSuite users than are not inVESTED clients may contact us for NetSuite support options.  inVESTED has a support structure with an emphasis on simplicity: our support ticketing system works within NetSuite, ensuring your account management is quick and painless. Best of all, we bill in 15-minute increments to ensure you only pay for what you need. 

Do Oracle cloud applications and NetSuite complement each other?

Oracle and NetSuite cloud applications are complementary and will coexist in the marketplace forever. Oracle intends to invest heavily in both products – engineering and distribution.

How Will NetSuite’s Customers Benefit from Being Part of the Oracle Family?

Gaining access to Oracle’s tremendous resources and deep technology stack makes this combination a winner for NetSuite's customers, employees, and partners. We expect NetSuite to utilize Oracle’s global scale and reach to accelerate the availability of its cloud solutions in more industries and more countries.

How will the proposed acquisition impact the NetSuite product roadmap?

Oracle is committed to protecting and enhancing customer investments in NetSuite solutions. After the close of the transaction, Oracle plans to accelerate the pace of innovation in NetSuite functionality and capabilities.

If you would like to know more about NetSuite or the Oracle acquisition of NetSuite, contact The Vested Group today, and we will be happy to answer all of your questions.  We are excited about moving forward as part of the Oracle family!

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