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.

PTDA Releases Digital Version Of Power Transmission Handbook

The PTDA Power Transmission Handbook eBook is now for sale in the PTDA Store. The content has been adapted from the recently released, new and improved fifth edition of the Power Transmission Handbook, a highly regarded reference on power transmission motion control products and the processes where these products are used. The book has been widely adopted by industry professionals as well as educators and students in universities, community colleges, and technical and trade schools. The Handbook eBook is currently available in both Apple and Kindle formats as searchable, bookmark-able, transportable content for busy people on the go.

First published in 1969 and recently updated, PTDA’s Power Transmission Handbook is a comprehensive primer on the products, technology and concepts that move industry.
The information contained in the book is:

• a primer for new inside/outside salespeople
• a reference for more experienced employees
• a resource to train customers on installation and maintenance
• a regarded secondary education textbook.

The publication has been formatted for ease of reading and features nearly 400 pages of vetted content, graphics and application examples.