Oracle Buying NetSuite For $9.3 Billion

Oracle is buying ERP and omnichannel software provider NetSuite in a deal valued at around $9.3 billion, both companies announced.

The move reunites NetSuite CEO Zach Nelson with Oracle chairman Larry Ellison, who co-founded San Mateo, CA-based NetSuite in 1998. Ellison stepped down as NetSuite CEO two years ago.

Oracle CEO Mark Hurd said his company and NetSuite's cloud applications are complimentary.

"We intend to invest heavily in both products — engineering and distribution," Hurd said in a statement.

NetSuite — which reported a 30 percent year-over-year Q2 sales increase — provides cloud-based financials including ERP and omnichannel commerce software suites for distributors, manufacturers and retailers. Its software enables businesses to automate operations, streamline process and access real-time data on-demand.

NetSuite has more than 30,000 customers in more than 100 countries.

"NetSuite will benefit from Oracle's global scale and reach to accelerate the availability of our cloud solutions in more industries and more countries," said NetSuite's Nelson. "We are excited to join Oracle and accelerate our pace of innovation."

The transaction is expected to close this year.

Acumatica Launches Cloud xRP Platform, Enabling Software Companies to Get to SaaS, Fast

ERP and Cloud business management solutions provider Acumatica augments its product suite with a Cloud platform offering.

Acumatica, the fast-growing leader in Cloud-based Enterprise Resource Planning (ERP) and business management solutions for small and medium-sized companies (SMB), announced it has added the Acumatica Cloud xRP Platform to its product line-up.

The Acumatica Cloud xRP Platform empowers the more than 6 million .NET developers and software companies to get their solutions to SaaS, fast. The “x” in xRP represents any-sized company, anywhere, in any industry. 

Acumatica CEO Jon Roskill said: “What Salesforce has done for CRM, Acumatica will do for xRP. Our Cloud xRP Platform, built on the world’s best Cloud and mobile technology, is available immediately in the Acumatica Cloud or private Cloud configurations, the form factors the market demands. As with our Cloud ERP products, we believe in offering choice to our partners and customers.” 

Ali Jani, VP of Product Management, said: “The Acumatica Cloud xRP Platform, built on the standard Microsoft stack, is a technological breakthrough that finally allows developers and software companies trapped in legacy technologies to modernize quickly and stay ahead of the technology curve once and for all. Our platform empowers developers and software companies to focus on industry-specific functionality without sacrificing control and flexibility.” 

In addition, developers and software companies building on top of the Acumatica Cloud xRP Platform can take advantage of Acumatica’s pre-built ERP and CRM capabilities, while enjoying flexible deployment and tenancy options. 

“We’re excited to offer the Acumatica Cloud xRP Platform to the world,” said Christian Lindberg, Acumatica’s VP of Partner Solutions. “Developers and software companies that need to deliver a SaaS offering at scale can leverage our platform to get to market faster while saving development costs and without compromising on functionality, performance, or flexibility. This technology lets you focus on domain and process expertise, while leaving the plumbing to us.” 

Industry luminary Buck Forland said: “For developers, it’s a floor wax and a dessert topping in one.” 

Acumatica’s partner ecosystem now includes more than 270 partners around the world such as ISVs JAAS Systems and Jamis, and OEMs MYOB and Visma. Visma, the leading provider of business software solutions to SMBs in Northern Europe, white-labeled Acumatica’s Cloud technology for thousands of its own customers and launched Visma.net last August. 

JAMS — JAAS Advanced Manufacturing Software — an end-to-end manufacturing solution, was built using Acumatica tools in record time. JAAS Systems’ General Manager Fred Szumlic said: “We saved $400,000 in development costs and delivered a Cloud manufacturing application in 10 months instead of three years.” 

About Acumatica

Acumatica is a leading provider of cloud business management software that empowers small and mid-size businesses to unlock their potential and drive growth. Built on the world’s best cloud and mobile technology and a unique customer-centric licensing model, Acumatica delivers a suite of fully integrated business management applications such as Financials, Distribution, CRM and Project Accounting, powered by a robust and flexible platform. In an interconnected world, Acumatica enables customers to take full control of their business; to play to their strengths, since every business is unique; and to empower their people by going wherever their people go, on any device. 

Acumatica
Dorothy Ho, +1-425-658-4913 (office)
Mobile: +1-206-303-7750
Director of Communications
dho@acumatica.com

 

 

VAI Enhances S2K Analytics with Financial Business Intelligence Capabilities

New Comprehensive Dashboards Help Companies Make Educated Financial Decisions

VAI (Vormittag Associates, Inc.), an award-winning ERP software provider, announced the release of its enhanced S2K Analytics solution, a comprehensive, web-based Business Intelligence (BI) tool designed to drive smarter, faster business decisions. This upgraded tool features ten new financial management dashboards that provide an in-depth view of financial data from all levels of the organization.

Designed to meet the needs of VAI’s customers, regardless of size or industry, S2K Analytics integrates with S2K Enterprise and features automated reporting and dashboard capabilities that give customers big-picture visibility into their revenue and profitability. The new dashboards provide at-a-glance insight into a company’s financial performance, allowing for customization and consolidation of data that can then be used to make educated decisions. With the enhanced S2K Analytics, VAI customers can:

• View balance sheets, and P&L statements
• Analyze profitability of their business
• Monitor procurement and expense management
• Create ad hoc self-serve inquiries
• Build reports and dashboards as well as share information with others
• Integrate S2K Analytics with Excel
• Collaborate on and contribute to new reporting needs
• Access information through a web browser, including mobile devices
• Compare past financial performance

"VAI is excited to offer an even more comprehensive BI tool to our customers,” said Joe Scioscia, vice president of sales, VAI. “We are committed to continually innovating our products in order to provide our customers with best-in-class software that streamlines business processes and creates cost efficiencies. The upgraded S2K Analytics will undoubtedly enhance our customers’ ability to use the information gathered through our ERP software to make even more effective, real-time business decisions.”

 About VAI (Vormittag Associates, Inc.)

VAI is an award-winning software developer and an IBM Premier Business Partner. Designed for the mid-range market, S2K Enterprise Resource Planning (ERP) Software Suite is used by a wide variety of mid-sized companies worldwide, with a number of clients in the manufacturing, distribution, retail, food and related service industries. Advanced applications such as Warehouse Management Systems, EDI, CRM, Business Analytics and e-Business provide companies the power to leverage their information technology investment. VAI is headquartered in Ronkonkoma, New York, with branch offices in Miami, Orlando, Chicago and Oroville, California. For more information, please contact Diane Dady at 800-824-7776, ext. 236 or visit www.vai.net.

Acumatica Releases Version 2.2 of its Cloud Accounting, ERP, and CRM Software

New features improve capabilities for wholesale distributors, manufacturers, multi-national companies, and service companies.

On August 17, 2011 Acumatica released the latest version of its Cloud ERP software that includes several customer driven enhancements such as automated bank reconciliation, inventory allocation by sales order, expanded replenishment algorithms, flexible payment remittance, and more. Cloud and on-premise customers can choose to install these updates at a time that is convenient to them.

“Acumatica responded quickly to our needs by delivering inventory allocation features that are critical to our distribution business,” said Ehren Dimitry, President at AME Corporation. “Even after my initial purchase, I was able to work closely with product experts who were able to configure the upgrade for my business.”

Acumatica 2.2 includes changes and updates to the financial, distribution, and customer management modules. Many features were implemented based on customer requests while others were built to expand the reach of Acumatica in the wholesale distribution, manufacturing, retail, and service industry verticals. The changes were built using the Acumatica web development platform to ensure compatibility with existing security settings, reporting capabilities, customizations, and third party modules.

“Our advanced platform design allows us to rapidly publish new releases without breaking customizations made by partners and customers,” said Ali Jani, Vice President of Product Management at Acumatica. “This is critical for our mid-sized customers who want to take advantage of Cloud technologies but require software that adapts to their unique business processes.”

Availability:
SaaS customers and license customers with up-to-date maintenance contracts can get the latest release by contacting their value added reseller (VAR) to schedule an upgrade. Details about the release can be downloaded from the Acumatica Cloud ERP website.

VAI Webinar: VAI’s S2K for Rental-VAI's S2K Rental Software is a comprehensive management system designed for the rental industry.

If you rent tools, party goods, scaffolding, aerial platforms, amusement items, construction equipment, or just about anything else, this solution provides all the tools you need to effectively manage and grow your rental operation. It covers all aspects of a rental business including Reservations and Allocations, Financials, Equipment Servicing, Sales Order Processing, Inventory Management, Purchasing, and CRM.

To Register, visit: http://www.vai.net/events/details/26-rental.html