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  4. NetSuite
NetSuite logo
Technology & Software

Who Owns NetSuite?

NetSuite is a cloud ERP software brand owned by Oracle Corporation (NYSE: ORCL), headquartered in Austin, Texas. Founded in 1998 by Evan Goldberg in San Mateo, California, it was one of the first cloud-native business software suites. Oracle acquired it in November 2016 for $9.3 billion. NetSuite serves more than 40,000 customers globally across ERP, financials, CRM, and ecommerce, and is Oracle's flagship mid-market cloud product.

Parent Company

Oracle Corporation

Acquired

2016

Status

Publicly Traded

Headquarters

Austin, Texas, USA

NetSuite Timeline

1977
Oracle Corporation

Parent company established in Austin, Texas, USA

Company Founded
1998

NetSuite

Founded by Evan Goldberg

Founded
2016
Acquired by Oracle Corporation

Oracle Corporation acquired NetSuite

Acquired
GlobalOfficial Website

Who Owns NetSuite?

  • Parent Company: Oracle Corporation
  • Ownership Type: Subsidiary
  • Acquisition Year: 2016
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: ORCL
BrandParent CompanyOwnership Type
NetSuiteOracle CorporationSubsidiary

History of NetSuite

  • Founded: 1998
  • Founders: Evan Goldberg
  • Acquired by Oracle Corporation: 2016

Evan Goldberg founded NetLedger in 1998 in San Mateo, California, with seed investment from Oracle's Larry Ellison, making the company an Oracle-adjacent startup from the start. Renamed NetSuite in 2003, the company built one of the first cloud-native ERP suites, covering financials, inventory, CRM, and ecommerce in a single browser-delivered system when competitors were still client-server.

NetSuite went public on the NYSE in 2007 under ticker N and grew into the dominant cloud ERP for the mid-market, expanding internationally and building the SuiteCloud platform for third-party extensions. By 2016 it served tens of thousands of customers and had become the default back-office system for a generation of fast-growing companies.

Oracle acquired NetSuite in November 2016 for $109 per share, approximately $9.3 billion. Under Oracle the product continued operating as a separate brand and development organization, headquartered in Austin, and accelerated its investment. The acquisition was the template for Oracle's "buy cloud, keep brand" approach.

Recent development has centered on embedding AI throughout the suite. Oracle announced NetSuite Next at SuiteWorld in 2025, a rebuilt user experience with conversational AI and agentic workflows, plus continued expansion of AI capabilities across financial close, forecasting, and operational automation. As of 2026, NetSuite serves more than 40,000 customers and is one of the fastest-growing parts of Oracle's applications business.

About Oracle Corporation

Who owns Oracle?
Oracle is a publicly traded corporation with no controlling shareholder. The company trades on the NYSE under the ticker ORCL. Larry Ellison, co-founder and chairman, holds approximately 42 percent of outstanding shares, making him the largest individual shareholder. Major institutional shareholders include Vanguard Group, BlackRock, and State Street Global Advisors. No single shareholder holds a controlling majority.

Is Oracle publicly traded?
Yes, Oracle is publicly traded on the New York Stock Exchange under the ticker symbol ORCL. The company has been publicly traded since its IPO in 1986. As of August 2026, Oracle's stock trades at approximately $146 per share, making it one of the largest technology companies by market capitalization.

What is Oracle's annual revenue?
Oracle reported FY2026 total revenue of $67.4 billion, up 17 percent year over year. Cloud revenue was $34.0 billion, up 39 percent, including IaaS revenue of $18.1 billion (up 77 percent) and SaaS revenue of $15.9 billion (up 11 percent). GAAP earnings per share were $5.83, up 34 percent. Oracle has guided to FY2027 revenue of $90 billion.

Who are Oracle's CEOs?
Clay Magouyrk and Mike Sicilia serve as Co-CEOs of Oracle Corporation, appointed in September 2025. Magouyrk previously led Oracle Cloud Infrastructure and oversees the cloud infrastructure business. Sicilia previously led Oracle Industries and focuses on enterprise applications. Safra Catz, who served as CEO from 2014 to 2025, is now Executive Vice Chair of the Board. Larry Ellison remains chairman and CTO.

What is Oracle Cloud Infrastructure?
Oracle Cloud Infrastructure (OCI) is Oracle's cloud computing platform providing IaaS services, including compute, storage, networking, and AI infrastructure. OCI is the fastest-growing cloud infrastructure provider, with Q4 FY2026 revenue of $5.8 billion, up 93 percent year over year. OCI is designed for high-performance AI training and inference workloads and serves customers including OpenAI, Meta, xAI, Nvidia, and AMD.

What is Oracle's RPO?
Oracle's remaining performance obligations (RPO) reached a record $638 billion as of May 31, 2026, up $85 billion from the prior quarter. RPO represents contracted future revenue that has not yet been recognized. Bank of America analysts estimate that over 50 percent of RPO comes from OpenAI. Oracle noted that $75 billion of its large AI contracts involve prepaid or customer-supplied hardware, reducing the capital Oracle must raise.

How many employees does Oracle have?
Oracle employs approximately 164,000 people worldwide. The company has significant operations in North America, Europe, Asia, and other regions, with headquarters in Austin, Texas, and major facilities in Redwood Shores, California, and other global locations.

What is Oracle's AI strategy?
Oracle's AI strategy focuses on providing cloud infrastructure for AI training and inference, connecting AI models directly to Oracle Database through the Oracle AI Data Platform, and building AI-powered enterprise applications. The company is positioning OCI as the primary cloud platform for AI workloads, with data centers designed to use clean energy from natural gas fuel cells. Key AI customers include OpenAI, Meta, xAI, Nvidia, and AMD.

  • Founded: 1977
  • Headquarters: Austin, Texas, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: ORCL
  • Revenue: $67.4B (FY2026)
  • Employees: ~164,000

Visit Oracle Corporation website

View full company profile for Oracle Corporation

Where Is NetSuite Made / Based?

  • Headquarters: Austin, Texas, USA

NetSuite Categories & Tags

ErpCloudSaasFinancial SoftwareOracle

Brands Owned by Oracle Corporation

JavaTechnology Software

Java

Owned by Oracle Corporation

Programming language and platform stewarded by Oracle since the 2010 Sun acquisition, one of the most widely used languages in enterprise software.

programming-languagejvmenterprise-software
NetBeansTechnology Software

NetBeans

Owned by Oracle Corporation

Open-source integrated development environment created in the Czech Republic in 1996, now governed by the Apache Software Foundation after Oracle donated it in 2016.

idedeveloper-toolsopen-source
Oracle Cloud InfrastructureTechnology Software

Oracle Cloud Infrastructure

Owned by Oracle Corporation

Cloud infrastructure platform from Oracle offering IaaS and PaaS services with strength in database and enterprise AI workloads.

cloud-computingcloud-platformiaas
Oracle DatabaseTechnology Software

Oracle Database

Owned by Oracle Corporation

Flagship relational and AI database product of Oracle Corporation, commercially shipped since 1979 and now offered as Oracle Database 23ai across clouds.

databaserdbmsenterprise-software
Oracle Fusion MiddlewareTechnology Software

Oracle Fusion Middleware

Owned by Oracle Corporation

Oracle middleware portfolio covering WebLogic, SOA Suite, and integration products that connect enterprise applications across on-premises and cloud.

middlewareenterprise-softwareweblogic
OracleTechnology Software

Oracle

Owned by Oracle Corporation

Corporate brand of Oracle Corporation, the Austin-based enterprise software and cloud infrastructure company founded in 1977, with FY2026 revenue of $67.4 billion.

enterprise-softwareclouddatabase
View all brands owned by Oracle Corporation

NetSuite Ownership: Pros & Cons

Advantages

  • +Oracle's capital and global data center footprint let NetSuite scale infrastructure faster than as an independent.
  • +The brand kept its identity, sales model, and mid-market positioning intact post-acquisition.
  • +AI development is funded at Oracle's level, accelerating features like NetSuite Next.
  • +Being inside Oracle gives mid-market customers a clear upgrade path to enterprise scale.

Considerations

  • -The brand's identity is tied to Oracle, which carries licensing-practice reputation issues some mid-market buyers distrust.
  • -Competing priorities inside a $67 billion parent can slow product decisions an independent company would make faster.
  • -NetSuite's mid-market focus means it does not address the largest enterprise segments where Fusion competes.
  • -The 2016 acquisition's insider structure (Ellison's dual stake) remains a governance footnote critics cite.

Frequently Asked Questions About NetSuite

Sources & Further Reading

  • NetSuite official website -
  • Oracle NetSuite announcement archive -
  • Wikipedia: NetSuite -
  • SEC EDGAR: Oracle filings -
  • Oracle FY2026 results -

Competitors to NetSuite

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
OracleOracleSister Brand
Oracle
USA
1977
Mass marketGlobalAll Genders
PeopleSoftPeopleSoftSister Brand
Oracle
USA
1987
Mass marketGlobalAll Genders

Learn More About Competitors

OracleTechnology Software

Oracle

Owned by Oracle Corporation

Corporate brand of Oracle Corporation, the Austin-based enterprise software and cloud infrastructure company founded in 1977, with FY2026 revenue of $67.4 billion.

enterprise-softwareclouddatabase
PeopleSoftTechnology Software

PeopleSoft

Owned by Oracle Corporation

Enterprise HR and ERP applications suite owned by Oracle since its hostile 2005 takeover, still supported and updated for a large installed base.

erphr-softwareenterprise-software

Competitive Analysis

Market Positioning: NetSuite competes with 2 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to NetSuite

Looking for brands with different ownership structures? These similar brands are not owned by Oracle Corporation, giving you alternative choices that support different corporate structures.

CalendlyTechnology Software

Calendly

Owned by Calendly, Inc.

Scheduling automation software platform that eliminates back-and-forth emails when booking meetings.

schedulingcalendarproductivity
Privately Owned

Calendly is privately owned, unlike NetSuite which is under a publicly traded parent company.

WrikeTechnology Software

Wrike

Owned by Symphony Technology Group

Cloud-based collaborative work management platform for managing projects, deadlines, schedules, and workflow processes. Owned by Symphony Technology Group.

project-managementcollaborationworkflow-management
Privately Owned

Wrike is privately owned, unlike NetSuite which is under a publicly traded parent company.

Adder TechnologyTechnology Software

Adder Technology

Owned by Adder Technology Limited

High-performance KVM-over-IP switches and extenders for mission-critical IT, broadcast, and control rooms.

kvm-switchkvm-over-ipbroadcast
Privately Owned

Adder Technology is privately owned, unlike NetSuite which is under a publicly traded parent company.

Black Box CorporationTechnology Software

Black Box Corporation

Owned by Black Box Corporation

IT infrastructure solutions including KVM switches, data center services, and network management, owned by Essar Group.

kvm-switchdata-centerit-infrastructure
Privately Owned

Black Box Corporation is privately owned, unlike NetSuite which is under a publicly traded parent company.

BlinkistTechnology Software

Blinkist

Owned by Blinkist

Independent book-summary brand returned to founder ownership in April 2026 after three years under Go1.

book-summarieseducationaudio
Privately Owned

Blinkist is privately owned, unlike NetSuite which is under a publicly traded parent company.

CamScannerTechnology Software

CamScanner

Owned by INTSIG Information Co., Ltd.

Mobile document scanning app with OCR capabilities, owned by INTSIG Information Co., Ltd. of Shanghai, China.

document-scanningmobile-appocr
Privately Owned

CamScanner is privately owned, unlike NetSuite which is under a publicly traded parent company.

Oracle Corporation Stock Information

Jobs at Oracle Corporation

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Last reviewed: September 25, 2026 · Reviewed by Who Brands Editorial Team