NetSuite, the Larry Ellison SaaS company, is buying OpenAir, the 56-man shop that is supposed to be the leader in on-demand professional services automation, for $26 million cash, net of the cash on the acquisition's balance sheet. NetSuite says it probably won't be able recognize most of the deferred revenue on OpenAir's balance sheet so the acquisition will add to its losses this year. It is now projecting non-GAAP losses of $2.5 million-$3.5 million (four-six cents) on revenues of $156 million-$159 million. ...
Anytime
.gif){kind=logo}
