Complex sentence: Originally NetLedger, NetSuite was founded in 1998 by Evan Goldberg, current chairman and chief technology officer, with the financial backing of Lawrence J. Ellison, founder and chief executive officer of Oracle Corp. Other initial investors were StarVest Partners and UBS PaineWebber.
Split into simpler sentences: Originally NetLedger, NetSuite was founded in 1998 by Evan Goldberg, current chairman and chief technology officer. Goldberg had the financial backing of Lawrence J. Ellison, founder and chief executive officer of Oracle Corp. Other initial investors were StarVest Partners and UBS PaineWebber.