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After the transaction, QuickArrow will be integrated into NetSuite's OpenAir business. The transaction is expected to complete by the end of July 2009.
McNamee Lawrence & Co. is acting as financial advisor and Wilson Sonsini Goodrich & Rosati as legal advisor to NetSuite.
Deal Value (US$ Million) 20 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2009-07-22
Deal Participants
Target (Company) QuickArrow, Inc. Acquirer (Company) NetSuite, Inc.
Deal Rationale
This acquisition would further advance NetSuite's cloud computing application suite and its Services Resource Planning's (SRP's) capabilities.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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