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What does NetSuite mean? I believe that many inexperienced people are at a loss about this, so this article summarizes the causes and solutions of the problem. Through this article, I hope you can solve this problem.

NetSuite is a company that specializes in providing customized enterprise management software for enterprises. The core product of the company is Netsuite, which integrates customer relationship management, enterprise resource planning and e-commerce.

History of NetSuite

Oracle (Oracle) provides industry background, technical support and management experience for the establishment and development of NetSuite. Evan Goldberg, the former technology leader of Oracle, is the founder of NetSuite and the current chief technology officer of NetSuite. Oracle CEO Ellison is the biggest investor in NetSuite. In addition, NetSuite CEO Zachelli Nielsen (Zachary Nelson) also worked at Oracle.

In December 2007, NetSuite was successfully listed on the New York Stock Exchange (listing code: n). By 2007, its market capitalization had reached $2.1 billion, making it one of the fastest growing software companies in Silicon Valley. Due to its contribution in the field of enterprise management software, NetSuite has also won numerous awards in recent years. In 2007, it was awarded the TMC Lab Innovation Award (The TMC Labs Innovation Awards) for its contribution to the advancement of computer communication technology, and in the same year, it was awarded the CRM Award of Excellence by Customer Interaction Solutions magazine. In addition, because of its financial management system, NetSuite has been selected as a five-star product by Certified Public accountant Technical consultant (CPA Technology Advisor) magazine. [2-3]

Oracle announced in 2016 that it would buy cloud ERP service provider NetSuite for $9.3 billion, hoping to strengthen its fast-growing cloud computing business. Oracle CEO Mark Hurd said: "Oracle and NetSuite cloud applications complement each other and will co-exist in the market for a long time. We will continue to invest heavily in both companies' products, including engineering and distribution."

Evan Goldberg, founder and chairman of NetSuite, said: "NetSuite has 18 years of development experience in this area, and the merger with Oracle will benefit NetSuite users, employees and partners."

NetSuiteCEO Zack Nielsen said: "NetSuite will benefit from Oracle's global scale and user coverage, which will accelerate the launch of our cloud solutions in more industries and more countries. In addition, joining Oracle will also help accelerate the pace of innovation in NetSuite."

After reading the above, have you mastered the method of what NetSuite means? If you want to learn more skills or want to know more about it, you are welcome to follow the industry information channel, thank you for reading!

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