<s>
NetSuite	B-General_Concept
Inc	I-General_Concept
.	I-General_Concept
is	O
an	O
American	O
cloud-based	B-Architecture
enterprise	B-Application
software	I-Application
company	O
that	O
provides	O
products	O
and	O
services	O
tailored	O
for	O
small	O
and	O
medium-sized	O
businesses	O
(	O
SMBs	O
)	O
including	O
accounting	O
and	O
financial	O
management	O
,	O
customer	O
relationship	O
management	O
,	O
inventory	O
management	O
,	O
human	O
capital	O
management	O
,	O
payroll	O
,	O
procurement	O
,	O
project	O
management	O
and	O
e-commerce	O
software	B-Application
.	I-Application
</s>
<s>
NetSuite	B-General_Concept
was	O
founded	O
in	O
1998	O
with	O
headquarters	O
in	O
Austin	O
,	O
Texas	O
.	O
</s>
<s>
The	O
company	O
is	O
widely	O
seen	O
as	O
the	O
first	O
cloud	B-Architecture
computing	I-Architecture
software	O
company	O
,	O
with	O
its	O
founding	O
pre-dating	O
that	O
of	O
Salesforce.com	O
by	O
about	O
a	O
month	O
.	O
</s>
<s>
Oracle	B-Application
Corporation	I-Application
acquired	O
NetSuite	B-General_Concept
for	O
approximately	O
US	O
$9.3	O
billion	O
in	O
November	O
2016	O
.	O
</s>
<s>
The	O
Oracle	B-General_Concept
NetSuite	B-General_Concept
Global	O
Business	O
Unit	O
is	O
managed	O
by	O
Executive	O
Vice	O
President	O
Evan	O
Goldberg	O
as	O
"	O
Oracle	B-General_Concept
’s	O
Cloud	B-Architecture
ERP	O
for	O
Small	O
and	O
Mid-sized	O
Enterprises	O
with	O
the	O
ability	O
to	O
scale	O
to	O
Fortune	O
500	O
firms.	O
"	O
</s>
<s>
NetSuite	B-General_Concept
can	O
trace	O
its	O
beginning	O
to	O
a	O
five-minute	O
phone	O
call	O
between	O
Evan	O
Goldberg	O
and	O
Larry	O
Ellison	O
where	O
the	O
two	O
discussed	O
the	O
idea	O
of	O
selling	O
software	O
over	O
the	O
internet	O
.	O
</s>
<s>
That	O
conversation	O
led	O
Evan	O
Goldberg	O
to	O
found	O
NetLedger	B-General_Concept
,	O
NetSuite	B-General_Concept
’s	O
original	O
name	O
,	O
in	O
1998	O
.	O
</s>
<s>
It	O
offered	O
web-hosted	O
accounting	B-Application
software	I-Application
.	O
</s>
<s>
The	O
company	O
was	O
seeded	O
with	O
both	O
start-up	O
money	O
from	O
Oracle	B-General_Concept
CEO	O
Larry	O
Ellison	O
as	O
well	O
as	O
a	O
host	O
of	O
key	O
staff	O
previously	O
employed	O
at	O
Oracle	B-General_Concept
.	O
</s>
<s>
The	O
company	O
’s	O
Chairman	O
and	O
CTO	O
and	O
other	O
management	O
transitioned	O
from	O
Oracle	B-General_Concept
to	O
NetLedger	B-General_Concept
.	O
</s>
<s>
At	O
one	O
time	O
the	O
solution	O
was	O
licensed	O
by	O
Oracle	B-General_Concept
,	O
branded	O
The	O
Oracle	B-General_Concept
Small	O
Business	O
Suite	O
;	O
however	O
,	O
that	O
experience	O
was	O
short-lived	O
,	O
and	O
the	O
licensing	O
deal	O
was	O
cancelled	O
in	O
2004	O
.	O
</s>
<s>
Goldberg	O
was	O
the	O
chairman	O
and	O
chief	O
technology	O
officer	O
up	O
until	O
the	O
Oracle	B-General_Concept
acquisition	O
.	O
</s>
<s>
Prior	O
to	O
joining	O
NetSuite	B-General_Concept
,	O
Nelson	O
ran	O
an	O
early	O
provider	O
of	O
business	B-Application
applications	I-Application
over	O
the	O
Internet	O
called	O
MyCIO.com,	O
a	O
division	O
of	O
McAfee	O
Corp	O
.	O
</s>
<s>
This	O
experience	O
led	O
him	O
to	O
the	O
belief	O
that	O
all	O
software	O
would	O
be	O
delivered	O
over	O
the	O
internet	O
,	O
and	O
he	O
left	O
McAfee	O
to	O
join	O
NetSuite	B-General_Concept
.	O
</s>
<s>
He	O
led	O
the	O
company	O
from	O
about	O
$1	O
million	O
in	O
revenue	O
to	O
a	O
billion-dollar	O
run-rate	O
prior	O
to	O
its	O
acquisition	O
by	O
Oracle	B-Application
Corp	I-Application
.	I-Application
</s>
<s>
In	O
September	O
2003	O
,	O
the	O
company	O
officially	O
changed	O
its	O
name	O
from	O
NetLedger	B-General_Concept
to	O
NetSuite	B-General_Concept
,	O
Inc	O
.	O
to	O
reflect	O
the	O
company	O
’s	O
success	O
in	O
expanding	O
its	O
offerings	O
to	O
a	O
suite	O
of	O
business	B-Application
applications	I-Application
beyond	O
just	O
accounting	O
,	O
including	O
ERP	O
,	O
CRM	O
and	O
e-commerce	O
.	O
</s>
<s>
On	O
January	O
4	O
,	O
2007	O
,	O
NetSuite	B-General_Concept
named	O
Oakland	O
A	O
's	O
General	O
Manager	O
Billy	O
Beane	O
(	O
of	O
Moneyball	O
fame	O
)	O
to	O
its	O
board	O
of	O
directors	O
.	O
</s>
<s>
NetSuite	B-General_Concept
became	O
a	O
publicly	O
traded	O
company	O
after	O
its	O
initial	O
public	O
offering	O
(	O
IPO	O
)	O
of	O
6.2	O
million	O
shares	O
on	O
the	O
New	O
York	O
Stock	O
Exchange	O
in	O
December	O
2007	O
.	O
</s>
<s>
On	O
July	O
28	O
,	O
2016	O
,	O
Oracle	B-General_Concept
announced	O
it	O
had	O
offered	O
to	O
purchase	O
NetSuite	B-General_Concept
for	O
$9.3	O
billion	O
.	O
</s>
<s>
NetSuite	B-General_Concept
headquarters	O
are	O
located	O
in	O
Austin	O
,	O
Texas	O
.	O
</s>
<s>
NetSuite	B-General_Concept
has	O
additional	O
offices	O
in	O
Denver	O
,	O
Colorado	O
;	O
Santa	O
Monica	O
and	O
Redwood	O
City	O
,	O
California	O
;	O
Chicago	O
,	O
Illinois	O
;	O
Atlanta	O
,	O
Georgia	O
;	O
New	O
York	O
City	O
,	O
New	O
York	O
;	O
Boston	O
,	O
Massachusetts	O
;	O
Toronto	O
,	O
Canada	O
;	O
the	O
United	O
Kingdom	O
;	O
Spain	O
;	O
the	O
Czech	O
Republic	O
;	O
Hong	O
Kong	O
;	O
Singapore	O
;	O
Australia	O
;	O
Brazil	O
,	O
and	O
Uruguay	O
.	O
</s>
<s>
In	O
1998	O
,	O
Evan	O
Goldberg	O
received	O
approximately	O
$125	O
million	O
in	O
initial	O
financial	O
backing	O
from	O
Larry	O
Ellison	O
,	O
founder	O
and	O
chief	O
executive	O
officer	O
of	O
Oracle	B-Application
Corporation	I-Application
through	O
Ellison	O
's	O
venture	O
capital	O
entity	O
Tako	O
Ventures	O
.	O
</s>
<s>
The	O
NetSuite	B-General_Concept
software	O
also	O
relies	O
on	O
database	B-General_Concept
software	I-General_Concept
licensed	O
from	O
Oracle	B-General_Concept
.	O
</s>
<s>
Ellison	O
and	O
family	O
members	O
owned	O
approximately	O
47.4	O
%	O
of	O
NetSuite	B-General_Concept
's	O
common	O
stock	O
as	O
of	O
December	O
31	O
,	O
2014	O
.	O
</s>
<s>
On	O
July	O
28	O
,	O
2016	O
,	O
Oracle	B-General_Concept
announced	O
it	O
had	O
offered	O
to	O
purchase	O
NetSuite	B-General_Concept
for	O
$9.3	O
billion	O
.	O
</s>
<s>
The	O
deal	O
faced	O
intense	O
scrutiny	O
because	O
Oracle	B-General_Concept
founder	O
,	O
Larry	O
Ellison	O
,	O
owned	O
nearly	O
40%	O
of	O
NetSuite	B-General_Concept
.	O
</s>
<s>
Some	O
major	O
NetSuite	B-General_Concept
shareholders	O
,	O
such	O
as	O
T	O
.	O
Rowe	O
,	O
notified	O
Oracle	B-General_Concept
they	O
would	O
not	O
be	O
tendering	O
their	O
shares	O
under	O
the	O
current	O
terms	O
of	O
the	O
proposed	O
deal	O
.	O
</s>
<s>
In	O
early	O
October	O
2016	O
,	O
Oracle	B-General_Concept
extended	O
the	O
deadline	O
for	O
shareholders	O
of	O
NetSuite	B-General_Concept
to	O
tender	O
their	O
shares	O
to	O
November	O
4	O
.	O
</s>
<s>
NetSuite	B-General_Concept
offers	O
a	O
modular	O
suite	O
of	O
cloud-based	B-Architecture
business	O
management	O
applications	B-Application
.	O
</s>
<s>
The	O
cost	O
of	O
a	O
NetSuite	B-General_Concept
subscription	O
is	O
not	O
fixed	O
,	O
it	O
depends	O
on	O
the	O
modules	O
selected	O
and	O
the	O
number	O
of	O
users	O
.	O
</s>
<s>
The	O
platform	O
is	O
accessed	O
via	O
the	O
cloud	B-Architecture
and	O
all	O
data	O
is	O
centralized	O
and	O
stored	O
in	B-Architecture
the	I-Architecture
cloud	I-Architecture
,	O
allowing	O
users	O
to	O
access	O
data	O
from	O
different	O
devices	O
and	O
countries	O
.	O
</s>
<s>
Multi-entity	O
and	O
global	O
accounting	O
and	O
consolidation	O
functionality	O
is	O
available	O
at	O
additional	O
cost	O
via	O
NetSuite	B-General_Concept
’s	O
OneWorld	O
module	O
,	O
which	O
supports	O
27	O
languages	O
,	O
and	O
multiple	O
currencies	O
and	O
tax	O
codes	O
.	O
</s>
<s>
NetSuite	B-General_Concept
offers	O
analytics	O
and	O
reporting	O
,	O
which	O
use	O
the	O
centralized	O
data	O
to	O
provide	O
real-time	O
visibility	O
into	O
client	O
company	O
operational	O
and	O
financial	O
performance	O
.	O
</s>
<s>
NetSuite	B-General_Concept
Education	O
Services	O
-	O
with	O
this	O
program	O
,	O
NetSuite	B-General_Concept
offers	O
training	O
and	O
certifications	O
to	O
help	O
users	O
improve	O
their	O
use	O
of	O
NetSuite	B-General_Concept
.	O
</s>
