NetSuite Inc.
Headquarters
Austin, TXFounded
1998CEO / Founder
Evan GoldbergEmployees
10000+Funding
AcquiredProducts
0 products listedWebsite
netsuite.com/
Profile updated
About NetSuite Inc.
NetSuite Inc. is a cloud-based enterprise resource planning software company founded in 1998 by Evan Goldberg, originally under the name NetLedger. The company is headquartered in Austin, Texas, and operates as a wholly owned subsidiary of Oracle Corporation. It provides a suite of business management applications delivered via the cloud, targeting small, mid-sized, and large enterprises across a range of industries.
NetSuite's core platform includes financial management, order management, inventory and supply chain management, customer relationship management (CRM), human capital management (HCM), and e-commerce tools. The product is sold as a subscription-based service and is used by companies in manufacturing, retail, professional services, software, and nonprofit sectors, among others. Its SuiteCloud development platform allows customers and partners to build custom applications on top of the core ERP.
Oracle acquired NetSuite in November 2016 for approximately $9.3 billion, at the time one of Oracle's largest acquisitions. Prior to the acquisition, NetSuite had been publicly traded on the New York Stock Exchange under the ticker N. Evan Goldberg has continued to serve as Executive Vice President and founder following the acquisition. The company employs tens of thousands of people globally as part of Oracle's broader cloud applications division.
Specialties
Financials
Dated, source-cited figures. Estimates are marked.
No products listed yet for this company.
Competitive Landscape
Who NetSuite Inc. competes with, and how they differ.
Cloud-native financial management aimed at mid-market and accounting firms (AICPA-preferred); narrower in scope than NetSuite's full ERP+CRM+e-commerce suite.
1 product reviewed on TopReviewed
Enterprise ERP incumbent spanning SAP Business One (SMB) through S/4HANA (large enterprise); offers on-premise and hybrid deployment options NetSuite's cloud-only single-instance model does not.
Leads in HR/HCM with Workday Financial Management as a companion product, targeting large enterprises (>$1B revenue) rather than NetSuite's core SMB/mid-market base.
SMB-focused cloud ERP sold through a VAR/reseller channel with consumption-based, unlimited-user pricing, contrasting with NetSuite's per-user licensing model.
Company Timeline
Key milestones in NetSuite Inc.'s history, with sources.
- Launch
Unveils NetSuite Next with agentic AI at SuiteWorld
At SuiteWorld 2025 in Las Vegas, NetSuite introduced the next generation of its SuiteCloud platform, letting customers and partners integrate leading AI models and design custom AI agents across the suite.
prnewswire.com - Launch
Expands generative AI with NetSuite Text Enhance
Oracle NetSuite expanded generative AI capabilities via NetSuite Text Enhance, embedding AI-assisted authoring across finance, supply chain, manufacturing, sales, HR, and customer support, built on Oracle Cloud Infrastructure.
prnewswire.com - Acquisition
Oracle completes acquisition of NetSuite
Oracle consummated its tender offer and closed its acquisition of NetSuite on November 7, 2016, after roughly 78% of outstanding shares were validly tendered.
oracle.com - Acquisition
Oracle announces agreement to acquire NetSuite for $9.3B
Oracle entered a definitive agreement to acquire NetSuite for $109.00 per share in cash, valuing the deal at approximately $9.3 billion.
oracle.com - Funding
IPO on NYSE — first cloud-computing company to go public
NetSuite (NYSE: N) began trading on the New York Stock Exchange on December 20, 2007, offering 6.2 million shares; the offering closed December 26, 2007 raising $185.4 million.
businesswire.com - Milestone
Renamed from NetLedger to NetSuite, Inc.
The company changed its name from NetLedger to NetSuite, Inc. to reflect its expansion beyond hosted accounting into broader business management applications.
en.wikipedia.org - Founded
Founded as NetLedger by Evan Goldberg
Evan Goldberg founded NetLedger in 1998 to sell hosted accounting software over the internet, seeded with roughly $125 million from Oracle CEO Larry Ellison via Tako Ventures.
en.wikipedia.org
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