Oracle doubled the number of customers since buyin
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Posted On: 05/05/2018 5:40:48 PM
Oracle doubled the number of customers since buying Netsuite, here's why...
NetSuite’s material change of control – how did Oracle do? - May 2, 2018
"Oracle’s acquisition was interesting as Oracle’s founder, Larry Ellison, personally, was one of the largest investors in NetSuite. Forbes reported that Mr. Ellison owned over 41% of NetSuite’s stock. So, we had an Oracle investor/board member/executive leading the charge to acquire NetSuite. A colleague once described NetSuite to me thusly: “NetSuite is Larry’s other software company”."
"So, here comes Oracle. Say what you like but Oracle does have feet in the street and can sell. They’ve got sales and marketing personnel all over the world. They’ve got real offices and data centers everywhere, too. "
"Other Oracle capabilities, like blockchain and AI, may get used by NetSuite because as one top NetSuite executive explained “it’s free”."
"Many years ago, a software CEO once told me that it cost his firm at least $30 million to open an office in another country. I think the price tag has increased since then.
I tell you this as you can’t underestimate how much capital investment Oracle has put into building its sales and delivery network globally. Oracle has sales offices in most major countries. They’ve got scores of local, in-country executives with deep knowledge of their country markets and the executives within many of the companies there."
https://diginomica.com/2018/05/02/netsuites-m...oracle-do/
NetSuite’s material change of control – how did Oracle do? - May 2, 2018
"Oracle’s acquisition was interesting as Oracle’s founder, Larry Ellison, personally, was one of the largest investors in NetSuite. Forbes reported that Mr. Ellison owned over 41% of NetSuite’s stock. So, we had an Oracle investor/board member/executive leading the charge to acquire NetSuite. A colleague once described NetSuite to me thusly: “NetSuite is Larry’s other software company”."
"So, here comes Oracle. Say what you like but Oracle does have feet in the street and can sell. They’ve got sales and marketing personnel all over the world. They’ve got real offices and data centers everywhere, too. "
"Other Oracle capabilities, like blockchain and AI, may get used by NetSuite because as one top NetSuite executive explained “it’s free”."
"Many years ago, a software CEO once told me that it cost his firm at least $30 million to open an office in another country. I think the price tag has increased since then.
I tell you this as you can’t underestimate how much capital investment Oracle has put into building its sales and delivery network globally. Oracle has sales offices in most major countries. They’ve got scores of local, in-country executives with deep knowledge of their country markets and the executives within many of the companies there."
https://diginomica.com/2018/05/02/netsuites-m...oracle-do/
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