The
agreement will focus on integrating Oracle's software for human
resources with NetSuite's services for enterprise resource planning and
will be aimed at mid-size companies, Oracle and NetSuite said.
"You
shouldn't think of this as a date. You should think of this as us
continuing to integrate our products closer and closer together," Oracle
president Mark Hurd told analysts and reporters on a conference call.
"Think of this almost as rolling thunder as opposed to an event."
NetSuite,
in which Oracle chief executive Larry Ellison is a major shareholder,
makes web-based software for small and mid-size companies to manage
their businesses and customers. Connecting their products gives the two
technology companies new sales opportunities.
The
partnership with NetSuite follows Oracle agreements announced earlier
this week with cloud computing leader Salesforce.com and top software
maker Microsoft.
Oracle wants to speed up its
move into cloud computing, a fast-growing area of technologythe No. 3
software maker has fallen behind smaller rivals selling all-in-one
solutions that are less expensive than Oracle's offerings.
Shares of NetSuite have more than tripled over the past five years, while Oracle's have gained about 40%.
Microsoft
will support Oracle's software on its cloud-based platforms, which have
also struggled to catch up with Amazon.com's cloud offering, called
Amazon Web Services, which blazed the trail in elastic online computing
services.
Ellison and Salesforce CEO Marc
Benioff on Thursday are due to hold a conference call to outline the
details of their new nine-year partnership.
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