NetSuite agrees to buy TribeHR

NetSuite Inc. (NYSE: N) said it has entered into a definitive agreement to acquire TribeHR, a provider of human capital management solutions, to create the first integrated cloud ERP and HCM software suite for small and mid-sized businesses.

The proposed acquisition would create a single cloud solution to run core business operations as well as a rich, social HR software solution to manage employees.

The proposed acquisition is subject to customary closing conditions. The terms of the proposed acquisition were not disclosed.

Founded in 2009, TribeHR is a developer network partner with headquarters in Waterloo, Ontario, Canada and more than 450 customers operating in more than 50 countries around the world.

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