Oracle Buys Verenia’s NetSuite CPQ Business
On January 4, 2022, Oracle announced that it has entered into an agreement to acquire Verenia’s NetSuite CPQ business. This acquisition will bring NetSuite customers native configure, price and quote (CPQ) functionality to enable fast and accurate guided selling. Verenia’s non-NetSuite CPQ and CRM product lines and customers are retained by Verenia LLC. The transaction is now closed and the Verenia NetSuite CPQ team will join the Oracle NetSuite Global Business Unit organization.
Services and sales information
Verenia customers and partners: Please use your existing contacts for professional services and sales.
Oracle is currently reviewing the existing Verenia product roadmap and will be providing guidance to customers in accordance with Oracle’s standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle’s review of Verenia’s product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by Verenia or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. It is intended for information purposes only and may not be incorporated into any contract.
This document contains certain forward-looking statements about Oracle and Verenia, including statements that involve risks and uncertainties concerning Oracle’s proposed acquisition of Verenia, anticipated customer benefits and general business outlook. When used in this document, the words “anticipates”, “can”, “will”, “look forward to”, “expected” and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Verenia, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business may deteriorate and/or Oracle or Verenia may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Verenia. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor Verenia is under any duty to update any of the information in this document.