Thursday, July 28, 2016

Oracle-Netsuite is actually happening

Wow, we didn't really believe it, but the WSJ is reporting this morning that Oracle is actually buying Netsuite for $9.3 billion, which is a premium of 19% over yesterday's closing price.

Business articles in the Journal don't usually get a lot of comments (unlike the political ones!) ... but almost as soon as the story was posted, a commenter wrote:

As a long-time JD Edwards/Oracle customer, I was so happy with our decision to migrate to NetSuite for a couple of reasons, not the least of which was not having to be an Oracle customer anymore. I guess I'll have to get used to being treated like garbage again by my ERP vendor.

Yep.  Or, you could try the leading commercial open source ERP, and never have to worry about that kind of thing again!

3 comments:

  1. along with a huge price increase.... someone has to support Larry's lifestyle

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  2. We're taking a look at xTuple - do you have any ETL tool suggestion for migrating our Netsuite data across?

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    Replies
    1. Hi. There are a number of tools, depending on the complexity of your legacy data - ranging from a simple GUI mapping/import tool for handling CSV files, to full ETL solutions such as the open source Pentaho. We'd love to talk directly, and better understand your needs - please feel free to drop a line to sales@xtuple.com.

      Thanks,
      Ned

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