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DataBite: NetSuite’s Profits

July 29, 2016

This morning, Oracle (ORCL) announced that it had finalized an agreement to buy Cloud-based Enterprise Resource Management (ERM) provider NetSuite (N) for around $9 billion. This transaction makes sense from a strategic business standpoint – Oracle has gained access to NetSuite's small and medium-sized business clients and can now pull them into Ellison's enormously profitable software …

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