Dynamics revenue for Microsoft's fiscal year ended June 30 rose 4 percent over 2015 totals. The change was attributed primarily to higher revenue from Dynamics CRM Online which suggests the four financial packages are stagnant, something the last couple of financial reports have indicated. However foreign currency also whacked 6 percent from the category's income.

Oracle has agreed to buy NetSuite for a deal valued at about $9.3 billion. Redwood Shores-based Oracle will pay $109 per share in cash in a deal that had the industry rumor mill in high gear for the last few weeks. Oracle CEO Mark Hurd said the company will invest heavily in both product lines. The deal is expected to close this year.

Open Systems has released Traverse Cloud, which is hosted in the Microsoft Cloud. The Minneapolis, Minn.-based software company says the new product is a complete ERP system. The company also says Microsoft recently approved it as a Microsoft Cloud Solution Provider. Traverse Cloud has accounting, manufacturing, distribution and verticals.