Back to Table of contents

Primeur weekly 2016-08-01

Special

National Strategic Computing Initiative Executive Council to unfold Strategic Plan ...

Quantum information science is to play a key role in the U.S. National Strategic Computing Initiative ...

Focus

Lenovo is heavily investing in new HPC technology, showing its commitment to the HPC market ...

South Africa's CHPC in the picture with new Lengau supercomputer, Student Cluster Competition victory and upcoming ICRI 2016 Conference ...

Exascale supercomputing

China starts developing new-era exascale supercomputer ...

Crowd computing

IBM intensifies fight against Zika ...

Middleware

Red Hat Satellite 6.2 introduces new features to help users increase efficiency across on-premise, Cloud, and container-based environments ...

Hardware

Mellanox Technologies receives Baidu's Award for Technology Leadership, drives company to new heights in machine learning ...

Medallia deploys Mellanox Ethernet solutions to supercharge real-time analytics and achieve the efficiency of hyperscale infrastructure ...

A research project coordinated by UC3M helps reduce the cost of parallel computing ...

Supermicro shipping latest Intel Xeon Phi processor server solutions in volume with Intel Omni-Path fabric ...

Vortex laser offers hope for Moore's Law ...

Penguin Computing provides high-performance computing cluster to University of Alaska Fairbanks ...

Fifth NVM Express Plugfest participation set a record; Next event scheduled for October 2016 ...

Physicists use supercomputers to find a way of making imitation graphene from salt ...

Chip makes parallel programmes run faster with less code ...

Applications

KnuEdge and University of California San Diego to host premiere industry conference to drive next-gen machine learning performance ...

Princeton Plasma Physics Laboratory and Princeton join high-performance software project ...

Red Hat unveils JBoss Data Grid 7 as platform for real-time data analytics ...

Teradata acquires Big Data Partnership consultancy and expands open source analytics services ...

PRACE to organize Women in HPC Workshop at SC16 ...

Lawrence Livermore National Laboratory chemist named Howes Scholar ...

NSF commits $35 million to improve scientific software ...

Making Big Data DANCE(S): XSEDE project successfully tests scheduled networking of Big Data ...

New ALS gene NEK1 found by Project MinE researchers at University of Massachusetts and UMC Utrecht ...

New ALS gene C21orf2 identified by international research consortium Project MinE ...

FogHorn Systems secures $12 million in Series A funding ...

The Cloud

IBM Cloud ranked as leading Platform as a Service (PaaS) according to analyst firm ...

Oracle buys NetSuite ...

New Cloud-computing platform to further the analysis of microbial genomes ...

USFlash

Australian Government to make a $14 million investment in NCI's supercomputing and data storage capacity ...

Oracle buys NetSuite

28 Jul 2016 Redwoord Shores - Oracle has entered into a definitive agreement to acquire NetSuite, the very first Cloud company. The transaction is valued at $109.00 per share in cash, or approximately $9.3 billion.

"Oracle and NetSuite Cloud applications are complementary, and will coexist in the marketplace forever", stated Mark Hurd, Chief Executive Officer, Oracle. "We intend to invest heavily in both products - engineering and distribution."

"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", stated Safra Catz, Chief Executive Officer, Oracle.

"NetSuite has been working for 18 years to develop a single system for running a business in the Cloud", stated Evan Goldberg, Founder, Chief Technology Officer and Chairman, NetSuite. "This combination is a winner for NetSuite's customers, employees and partners."

"NetSuite will benefit from Oracle's global scale and reach to accelerate the availability of our Cloud solutions in more industries and more countries", stated Zach Nelson, Chief Executive Officer, NetSuite. "We are excited to join Oracle and accelerate our pace of innovation."

The evaluation and negotiation of the transaction was led by a Special Committee of Oracle's Board of Directors consisting solely of independent directors. The Special Committee unanimously approved the transaction on behalf of Oracle and its Board of Directors.

The transaction is expected to close in 2016. The closing of the transaction is subject to receiving certain regulatory approvals and satisfying other closing conditions including NetSuite stockholders tendering a majority of NetSuite's outstanding shares in the tender offer. In addition, the closing is subject to a condition that a majority of NetSuite's outstanding shares not owned by executive officers or directors of NetSuite, or persons affiliated with Larry Ellison, his family members and any affiliated entities, be tendered in the tender offer.
Source: Oracle

Back to Table of contents

Primeur weekly 2016-08-01

Special

National Strategic Computing Initiative Executive Council to unfold Strategic Plan ...

Quantum information science is to play a key role in the U.S. National Strategic Computing Initiative ...

Focus

Lenovo is heavily investing in new HPC technology, showing its commitment to the HPC market ...

South Africa's CHPC in the picture with new Lengau supercomputer, Student Cluster Competition victory and upcoming ICRI 2016 Conference ...

Exascale supercomputing

China starts developing new-era exascale supercomputer ...

Crowd computing

IBM intensifies fight against Zika ...

Middleware

Red Hat Satellite 6.2 introduces new features to help users increase efficiency across on-premise, Cloud, and container-based environments ...

Hardware

Mellanox Technologies receives Baidu's Award for Technology Leadership, drives company to new heights in machine learning ...

Medallia deploys Mellanox Ethernet solutions to supercharge real-time analytics and achieve the efficiency of hyperscale infrastructure ...

A research project coordinated by UC3M helps reduce the cost of parallel computing ...

Supermicro shipping latest Intel Xeon Phi processor server solutions in volume with Intel Omni-Path fabric ...

Vortex laser offers hope for Moore's Law ...

Penguin Computing provides high-performance computing cluster to University of Alaska Fairbanks ...

Fifth NVM Express Plugfest participation set a record; Next event scheduled for October 2016 ...

Physicists use supercomputers to find a way of making imitation graphene from salt ...

Chip makes parallel programmes run faster with less code ...

Applications

KnuEdge and University of California San Diego to host premiere industry conference to drive next-gen machine learning performance ...

Princeton Plasma Physics Laboratory and Princeton join high-performance software project ...

Red Hat unveils JBoss Data Grid 7 as platform for real-time data analytics ...

Teradata acquires Big Data Partnership consultancy and expands open source analytics services ...

PRACE to organize Women in HPC Workshop at SC16 ...

Lawrence Livermore National Laboratory chemist named Howes Scholar ...

NSF commits $35 million to improve scientific software ...

Making Big Data DANCE(S): XSEDE project successfully tests scheduled networking of Big Data ...

New ALS gene NEK1 found by Project MinE researchers at University of Massachusetts and UMC Utrecht ...

New ALS gene C21orf2 identified by international research consortium Project MinE ...

FogHorn Systems secures $12 million in Series A funding ...

The Cloud

IBM Cloud ranked as leading Platform as a Service (PaaS) according to analyst firm ...

Oracle buys NetSuite ...

New Cloud-computing platform to further the analysis of microbial genomes ...

USFlash

Australian Government to make a $14 million investment in NCI's supercomputing and data storage capacity ...