Oracle Sealing a Multibillion Deal

Oracle Corporation has a reason to smile as they continue to scale heights in the business world.

The latest deal of USD 9.3B has almost brought the innovation market to a standstill. Their mission which is to make the world free by integration of the cloud applications is getting near.

The deal is said to be completely sealed as the year proceeds. This is due to other share holders of net suite company. Oracle is estimated to be worth $51.2B has made the right decision to strike the deal with net suites which is estimate to be $741M. They will be paying $109 in cash per share to Net suite and consequently be done with the rest before the year elapses.

Well, Microsoft and Amazon companies may feel a wave approaching. Oracles CEO Mark Hurdy was quoted Thursday saying that Oracle and Net Suite cloud applications are complementary, and will coexist in the marketplace forever according to Bloomberg technologies. He also added that they are intending to invest much in engineering and distribution.

The latest multimillion deals they had been worth $5.3B to boost the cloud efforts through micros systems. This boosted their revenue by 10% in the first quarter and 7% in the first 9 months. This was a plus to Oracle Corporation.

The founder and former CEO of Oracle Larry Ellison is said to have shares of 45.2% in the Net suites company.

This shows how significance he is in the company’s decisions. This must be among the best highlights not only for Ellison but for Hurdy too. This is because they both shared the dream of making Oracle the number one cloud company in the world. They are at least headed there.