VARINDIA IT MAGAZINE

Oracle has entered into a definitive agreement to acquire NetSuite , the very first cloud company. The transaction is valued at $109 per share in cash or approximately $9.3 billion. “Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever,” said Mark Hurd, chief executive officer, Oracle . “We intend to invest heavily in both products-engineering and distribution,” added Hurd. “We expect this acquisition to be immediately accretive to Oracle’s earnings on a non-GAAP basis in the first full fiscal year after closing,” said Safra Catz , chief executive officer, Oracle... Read More

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Wipro(NYSE:WIT)  has announced the launch of its  “Finance and Accounting Business-Process-as-a-Service”  (F&A BPaaS) solution for enterprises. Developed in partnership with  NetSuite (NYSE:N) , the industry’s leading provider of cloud-based financials / ERP and omnichannel commerce software suites, Wipro’s F&A BPaaS is a comprehensive, end-to-end business process solution that can help improve business agility, user experience and process efficiency. Wipro’s F&A BPaaS is built on the industry-leading NetSuite platform, along with best-in-class Wipro process capabilities in finance and accounting. The solution empowers customers to selectively manage and control their finance and accounting processes on a standardized platform, in a 100% variabilized cost model. It also enables rapid implementation of business processes, improves compliance standards, and provides operational readiness, leading to signific...