SUITEWORLD 2017 | After takeover by Oracle, NetSuite announces global expansion inititiatives

April 27, 2017 - 12:36 PM
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SuiteWorld 2017 at the Sands Convention Center, Las Vegas, Nevada. InterAksyon

LAS VEGAS, NEVADA | At this year’s SuiteWorld, an annual gathering of NetSuite users, developers, and partners, there were certainly no shortage of queries regarding the cloud computing firm’s recent takeover by Oracle Corporation, one of the world’s largest software provider of database and financial software sold to big businesses.

Led by Silicon Valley-icon Larry Ellison, Oracle acquired NetSuite in November of 2016 in a $9.3 billion buyout. The San Mateo, California-based software provider sells enterprise resource planning (ERP) applications that businesses use to track inventory, manufacturing processes, and perform accounting tasks, is also a pioneer in the “cloud first” approach, which the company started two decades ago.

Today, already a established industry leader in providing cloud financials / ERP, HR and omnichannel commerce software suites, the newly formed Oracle NetSuite Global Business Unit announced a massive expansion plan to accelerate its international growth.

“NetSuite customers will benefit from Oracle’s vast global scale and resources, company executives present at the Las Vegas conference said. “The expansion initiatives will enable business unit to launch more data centers, more field offices and more development centers globally, which will help to bring the cloud ERP suite to more organizations around the world.”

Jim McGeever, executive vice president of Oracle NetSuite Global Business Unit added: “Leveraging Oracle’s global scale, we are able to massively accelerate NetSuite’s vision of bringing a single unified suite to companies all over the world. Oracle’s technology infrastructure and global reach enables us to help ensure customer success no matter where they are located in the world.”

On stage: Evan Goldberg, executive vice president of development at NetSuite, now a global business unit of Oracle Corporation, delivers his keynote in this year’s SuiteWorld, at the Sands Convention Center in Las Vegas, Nevada.

Key areas

Oracle NetSuite said that they plan to more than double its data center footprint from five data centers globally to 11. NetSuite currently operates five data centers, three in North America, one in Amsterdam, Netherlands and one in Dublin, Ireland. NetSuite expects to add a fourth North American data center in Chicago.

As part of the global expansion plans, NetSuite will leverage existing Oracle data centers in Europe and Asia. In Europe, NetSuite is scheduled to open a data center in Frankfurt, Germany to remedy the lack of modern cloud computing offerings in the country.

In Asia Pacific, NetSuite plans to initially launch facilities in Australia and Singapore, followed by Japan and China. The addition of Oracle data centers to NetSuite’s operations will provide even greater security, redundancy, performance and scalability for new and existing customers across the globe.

Another key area are the field offices where NetSuite expects to double its global presence, expanding from offices in 10 countries to 23 spread across the globe. According to the software giant, the addition of Oracle’s field offices significantly increases NetSuite’s ability to meet the rising demand for cloud ERP around the world. NetSuite is establishing a new presence in Argentina, Brazil, Colombia, Chile, Mexico, France, Germany, Sweden, Dubai, China, India, Malaysia and New Zealand.

In addition, NetSuite is expanding headcount in existing field offices by over 50 percent to provide better resources for customer demand.

NetSuite’s Philippine office employs over 800 people, the largest outside the U.S., housing software product development and customer support.

The third area of expansion involves development centers. Oracle NetSuite Global Business Unit is leveraging existing Oracle development centers across India, China and Japan.

In a press statement, the said development centers will be able to accelerate the development of international, regional and local features and functionality within NetSuite OneWorld, a cloud-based on-demand platform developed to address real-time global business management and financial consolidation requirements for mid-sized companies with multi-national and multi-subsidiary operations.