Industry Leaders Embark on Joint Cloud Initiatives
NETSUITE SUITEWORLD 2015, SAN JOSE, Calif.—May 5, 2015—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced it has entered into a strategic cloud alliance with Microsoft to create new, innovative and future-proof solutions that connect NetSuite's cloud ERP to Microsoft Office 365, Windows and Microsoft Azure, delivering high-impact value, productivity and simplicity for mutual markets and customers. NetSuite continues to make life easier for its customers by forging new and exciting partnerships to help companies deal with the ever-increasing rate of change and a multitude of disruptive factors impacting each and every industry.
"We're at the 'end of the beginning' of the cloud, in that the cloud business model that NetSuite pioneered in 1998 is becoming the de facto standard for how fast-growth businesses are run," said Zach Nelson, NetSuite CEO. "We're thrilled to work with Microsoft to deliver a fluid cloud environment across the key NetSuite and Microsoft applications that companies and their employees rely on to continually improve their day-to-day operations and run their business better and more efficiently."
"I'm excited about NetSuite's support for Azure Active Directory for single sign-on, cloud-to-cloud integration and increasing our collaboration across mobile and cloud solutions," said Steve Guggenheimer, Corporate Vice President of Developer Platform & Evangelism and Chief Evangelist for Microsoft. "Our joint vision is all about giving people the freedom to get more done through the broadening set of devices they interact with that in turn helps businesses innovate and grow."
The collaboration pairs NetSuite's cloud ERP suite with Microsoft cloud technology in both the near and short term.
Today, approximately 24,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite continues its success in delivering the best cloud ERP/financial suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.
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Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to the planned future strategic cloud alliance between NetSuite and Microsoft to connect NetSuite's cloud ERP suite to Microsoft Office 365, Windows and Microsoft Azure. These forward-looking statements are based upon the current expectations and beliefs of NetSuite management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including, without limitation, failure of NetSuite and Microsoft to reach agreement on the terms of and move forward with the strategic cloud alliance and risks or delays associated with the integration of NetSuite's Cloud ERP suite to Microsoft Office 365, Windows and Microsoft Azure. All forward-looking statements in this press release are based on information available as of the date hereof, and NetSuite management disclaims any obligation to update these forward-looking statements.