Oracle to Buy NetSuite for $9.3 Billion

Posted on:01 Aug 2016 10:33:58
Oracle to Buy NetSuite for $9.3 Billion
01 August 2016 Current Affairs: Business software maker Oracle has announced that it has entered into a definitive agreement to acquire NetSuite, the very first cloud company. 

The transaction is valued at $9.3 billion . The deal would help Oracle gain market share in the fast-growing cloud computing business.

Oracle Database (commonly referred to as Oracle RDBMS or simply as Oracle) is an object-relational database management system produced and marketed by Oracle Corporation. Larry Ellison and his two friends and former co-workers, Bob Miner and Ed Oates, started a consultancy called Software Development Laboratories (SDL) in 1977. 

SDL developed the original version of the Oracle software. The name Oracle comes from the code-name of a CIA-funded project Ellison had worked on while previously employed by Ampex.wa

Oracle : Oracle Corporation is an American multinational computer technology corporation, headquartered in Redwood City, California.The company primarily specializes in developing and marketing database software and technology, cloud engineered systems and enterprise software products particularly its own brands of database management systems. In 2011 Oracle was the second-largest software maker by revenue, after Microsoft.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs January 2018

19 JANUARY
NEWS
18 JANUARY
NEWS
17 JANUARY
NEWS
16 JANUARY
NEWS

Current Affairs December 2017

31 DECEMBER
NEWS
30 DECEMBER
NEWS
29 DECEMBER
NEWS
28 DECEMBER
NEWS

Current Affairs November 2017

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS