NetSuite
Sign in to saveAlso known as NetSuite Inc., Oracle NetSuite
NetSuite Inc. is an American cloud based enterprise software company. They provide products and services tailored towards small and medium-sized businesses (SMBs), including accounting, financial management, customer relationship management (CRM), inventory management, human capital management, payroll, procurement, project management, and e-commerce software. NetSuite was founded in 1998, and is currently headquartered in Austin, Texas. The company is seen as the first cloud computing software company, pre-dating Salesforce by roughly a month. Oracle acquired NetSuite for approximately $9.3 b
Company
- Industry
- Services-Prepackaged Software
- State of incorporation
- DE
- Entity type
- operating
- Latest filing
- SC 13G/A · 2017-02-13
via SEC EDGAR
Wikidata facts
- Employees
- 4603
- Official website
- www.netsuite.com
Show 3 more facts
- inception
- 1998-00-00
- dissolved, abolished or demolished date
- 2016-00-00
- social media followers
- 45000
via Wikidata · CC0
~8 min read
Article
7 sectionsContents
- History
- Relationship with Oracle Corporation
- Products, services and support
- Acquisitions
- See also
- References
- External links
NetSuite Inc. is an American cloud based enterprise software company. They provide products and services tailored towards small and medium-sized businesses (SMBs), including accounting, financial management, customer relationship management (CRM), inventory management, human capital management, payroll, procurement, project management, and e-commerce software. NetSuite was founded in 1998, and is currently headquartered in Austin, Texas. The company is seen as the first cloud computing software company, pre-dating Salesforce by roughly a month. Oracle acquired NetSuite for approximately $9.3 billion USD in November 2016. The Oracle NetSuite Global Business Unit is managed by Executive Vice President, Evan Goldberg.
== History == The company began in 1998, with a five minute phone call between Evan Goldberg and Larry Ellison where they discussed the idea of selling software over the internet, leading Evan Goldberg to found NetLedger. NetLedger offered web-hosted accounting software. The company was seeded with start-up money from Ellison who was Oracle's CEO, and it employed numerous staff previously employed at Oracle including the chairman, CTO, and other management who transitioned from Oracle to NetLedger. At one time, NetLedger was licensed to Oracle, branded as the Oracle Small Business Suite; however, that experience was short-lived, and the licensing deal was cancelled in 2004.