I attended the first SuiteWorld conference since Oracle acquired NetSuite six months ago, and I'm happy to report that there were only good vibes all around.
Thinking back to July 2016, Oracle CEO Mark Hurd said, "Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever. We intend to invest heavily in both products—engineering and distribution." And at SuiteWorld, Hurd further illustrated his commitment to maintaining NetSuite's platforming: "I view that we will maintain these two products forever. Forever. I’ve tried to come up with a term that is longer than forever, but I couldn't come up with one..."
Jim McGeever, EVP of Oracle+NetSuite, delivered two key updates on the first day of the event. The key announcements outlined in this recent article were:
- SuitePeople – a new core HR offering natively built on NetSuite's unified cloud suite. McGeever described it as the "final piece of the pie," and offers core HR capabilities, as well as HR analytics, employee engagement, HR compliance, unified access and global reach. This is arguably the most exciting new module release in several years.
- SuiteSuccess – NetSuite is committed to their ‘SuiteSuccess’ methodology that builds in 20 years of leading practices, product, services and know how into Industry Specific Cloud Solutions. SuiteSuccess already has hundreds of live customers across a variety of industries who are using it to better run their business operations and claim that 90% of them are referenceable on Day 1 of go-live
I am impressed by Oracle's plans to invest heavily in R&D for NetSuite (they have about $60 Billion in cash), and improve infrastructure and distribution globally. Backed by the resources and infrastructure of Oracle, NetSuite is adding Oracle firepower in multiple areas such as: data centers, field offices, and development centers.
According to Paul Farrell, VP of Product Marketing at Oracle/NetSuite, NetSuite plans to grow from five data centers globally (three in North America, one each in Amsterdam and Dublin) to 11. It expects to open a new data center in Frankfurt, Germany to remedy the lack of modern cloud-based applications in the region, and then launch facilities in Australia, Singapore, and China, and then in Japan. It's also adding a new US data center, in Chicago.
A similar ambition holds true for field offices. NetSuite intends to expand from field offices in 10 countries to 23 and expand headcount in existing field offices by 50 percent to answer the global demand for cloud ERP. In his recent blog, Paul says hiring will be a huge priority for NetSuite under the Oracle umbrella, with plans to hire as many people in 2017 as it employed in total in 2012.
That growth will include an additional commitment to development as well, with NetSuite leveraging Oracle development centers across India, China, and Japan to accelerate development of international, regional, and local features.
Oracle+NetSuite is making their product better, faster and more global. To learn more about it, watch the entire executive keynote from SuiteWorld.