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Contact:

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

JAMES RAMSEY APPOINTED AS VICE PRESIDENT OF SMB SALES

SAN MATEO, CA.—January 8, 2004—NetSuite, Inc., makers of Oracle Small Business Suite, today announced that it has appointed James Ramsey as Vice President of Small and Medium Business Sales. Ramsey joins NetSuite from Oracle Corporation, where he served in many sales management roles, most recently as Sales Director of the West. While at Oracle, he developed and executed strategic sales plans that led to significant increase in sales and expansion of the sales team and territory. At NetSuite, Ramsey will lead the company's Small and Medium Business sales initiative to further increase the sales of its award-winning products including NetSuite, Oracle Small Business Suite, NetERP and NetCRM. The Oracle Small Business Suite name is used under license from Oracle Corporation (NASDAQ: ORCL).

Ramsey brings to NetSuite extensive experience spanning nearly 10 years in sales of high tech. During his tenure at Oracle, Mr. Ramsey won most of the company's top sales awards including MVP of North America and Top Sales Manager. He was a Club Excellence Achiever for seven consecutive years. He also created and directed many sales organizations within Oracle, including the sales organization which managed all mid-market sales to the Central US and Canada. Under his leadership this organization grew from 25 to 200 employees and became one of the top producing offices for SMB sales, doubling the Canadian sales in the first year.

"We are very excited to have James as part of the management team," said Zach Nelson, CEO of NetSuite. "His proven accomplishments will bring our direct sales team a wealth of experience, and he will be invaluable as we double our sales efforts in 2004."

Ramsey holds a B.A degree in Psychology from University of Denver in Denver, Colorado.

For more information about NetSuite please visit our Web site at www.netsuite.com.