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Contact:

Mei Li
Senior VP
Corporate Communications
NetSuite Inc.
Phone: 650.627.1063
E-mail: meili@netsuite.com

NETSUITE APPOINTS GARY WIESSINGER VICE PRESIDENT OF PRODUCT MANAGEMENT

Former Intuit Executive Brings Extensive Mid-Market Experience to NetSuite

SAN MATEO, Calif.—January 27, 2010—NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced that Gary Wiessinger, a software product executive and mid-market expert with more than 12 years of experience in the software industry, has been named  NetSuite's new Vice President of Product Management. In this role, Wiessinger will spearhead the product strategy and lead the product management team for NetSuite's Accounting / enterprise resource planning (ERP), customer relationship management (CRM) and Ecommerce software suites, as well as its SuiteCloud platform. For more information about NetSuite's extensive enterprise software offerings, please visit www.netsuite.com/enterprise.  

"Gary Wiessinger has a consistent track record of developing successful solutions for mid-market companies," said Evan Goldberg, Founder, Chairman and CTO of NetSuite. "Gary has a comprehensive understanding of the needs of the mid-market, and an eye towards collaboration and integration which make him a perfect fit with NetSuite."

From 2001 to 2009, Wiessinger held a variety of posts at QuickBooks developer Intuit, most recently as the Director of Product Management for the company's Mid Market Group. For four years, he led the vision, strategy, and product management of Intuit's mid-market product line, including QuickBooks Enterprise Solutions and the Intuit Enterprise Suite. In that role he contributed to a fivefold growth in the company's mid-market sales and customer base. He led several product teams and drove a number of new releases, including four Software-as-a-Service (SaaS) offerings. Previously, he helped lead the verticalisation of the QuickBooks product line and was Senior Product Manager of the QuickBooks Contractor Edition, Intuit's first major QuickBooks vertical launch. Earlier in his career, Wiessinger was a Vice President in Finance and Systems at Bank of America.

"I believe NetSuite's vision of a complete business management suite in the cloud is the future of mid market business management," said Wiessinger. "I have a passion for helping mid market businesses succeed, and NetSuite's exceptional product, technology, and team give me a unique opportunity to pursue that passion and shape the future of mid market technology."

Wiessinger has an MBA from the Kellogg School of Management and a bachelor's degree in Economics from Yale University.

NOTE: NetSuite and the NetSuite logo are registered service-marks of NetSuite Inc.