NetSuite has agreed to pay $26 million in cash for OpenAir, a provider of on-demand professional services automation software, and establish an East Coast headquarters in OpenAir's Boston offices.

All 56 OpenAir employees will become NetSuite employees. NetSuite also committed to investing in OpenAir's current products for at least another decade. The company said that OpenAir's technology will help NetSuite accelerate development of products specifically designed for services companies, such as accounting firms.

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