On November 7, 2016, Oracle completed the acquisition of NetSuite, the very first cloud company.
In 1998, NetSuite pioneered the Cloud Computing revolution, establishing the world’s first company dedicated to delivering business applications over the Internet. Today, NetSuite provides a suite of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software that runs the business of more than 16,000 customers in more than 200 countries and territories.