MICHAEL R. WILLIAMS APPOINTED AS SENIOR VICE PRESIDENT OF WORLDWIDE SALES
SAN MATEO, CA.—January 8, 2004—NetSuite,
Inc., today announced a major step in expanding its
management team by bringing on board Michael R. Williams
as Senior Vice President of Worldwide Sales. Williams
will lead both direct and channel sales teams to further
grow the company's revenues and broaden the distribution
of the company's award-winning product offerings including
NetSuite, Oracle Small Business Suite, NetERP and NetCRM.
The Oracle Small Business Suite name is used under license
from Oracle Corporation (NASDAQ: ORCL).
Williams served as Senior Vice President of Exodus
Communications (now a part of Cable & Wireless),
where he joined the company as employee number 20 and
built one of the most successful sales organizations
in the high tech industry. During his tenure at Exodus,
he grew sales from $0 to $300 million in four years,
grew the sales organization from 3 sales executives
to 175 sales personnel, executed aggressive sales growth
plans adding over 2,000 new customers over a four-year
period, and tripled the average annual revenue per customer.
At Exodus, Williams led a high performance sales organization
that consistently beat its sales plans and established
Exodus as one of the nation's premier technology services
companies. Most recently, Williams served as Vice President
of Worldwide Sales at ZANTAZ, the leading provider of
compliance technology and electronic discovery solutions.
While at ZANTAZ, Williams’ strategy and leadership
led to the company’s rapid growth in its customer
base and revenues. Williams served as Regional Sales
Director for WorldCom Corporation before joining Exodus.
He began his sales career at Cable & Wireless Communications.
Williams holds a BBA in International Business, and
a BBA in Finance from The University of Texas at Austin.
"Mike's experience in the delivery of Internet
services to large and small companies will be a huge
asset to NetSuite, and his ability to grow organizations
quickly and sustain them will help us accelerate our
growth," said Zach Nelson, CEO of NetSuite.
For more information about NetSuite please visit our
Web site at www.netsuite.com.