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Silicon Valley firm acquires Oklahoma company

Oklahoma City-based software developer Element Fusion has been acquired by NetSuite Inc., a Silicon Valley heavyweight.
BY JAY F. MARKS Published: March 13, 2013

Industry analyst Gartner has tabbed NetSuite as one of the fastest-growing financial management systems for the past three years.

Ryan Whitaker, one of the founders of Element Fusion, said it is a milestone for Oklahoma's technology community to attract the attention of a Silicon Valley firm like NetSuite.

Whitaker said the deal is great for the Oklahoma City company, which is expected to double in size over the next year as NetSuite expands.

“We couldn't be happier,” he said.

Whitaker said the acquisition by NetSuite gives Element Fusion a larger platform to push its vision about how software should work.

The company aims to delight users, he said, repeating the philosophy of creative director Matt Sanders.

“The goal here is to influence their software to make it something that people are actually happy to use,” Whitaker said.