Oracle and NetSuite: Longtime 'sweethearts' united at last

Oracle’s US$9.3 billion purchase of NetSuite may be the most anticipated acquisition in the history of enterprise software.

“It’s like the high school sweethearts you always knew would get married but they had to get through four years of college first,” said analyst Frank Scavo, president of Strativa.

There’s no denying the two companies share a long history. Not only was Oracle chairman and chief technology officer Larry Ellison an early backer of NetSuite, but both NetSuite founder Evan Goldberg and CEO Zach Nelson spent time at Oracle.

“There’s a lot of Oracle DNA in the company,” Nelson admitted in an interview late last year.