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NetSuite Buys SaaS Provider OpenAir

By Daya Baran at June 02, 2008 0 Comments

NetSuite is acquiring OpenAir, a SaaS provider for project automation and management for $26 million in cash. OpenAirs provides web based project billing, timesheets, expense reporting and project management to organizations. Cloud computing business applications are a rapidly emerging market and the acquisition enables NetSuite to accelerate its vertical strategy. For those of you interested learning or sharing your thoughts and ideas about SaaS, you can do so in the SaaS group.

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