Contact:
Mei Li
Senior VP, Corporate Communications
Phone: 650.627.1063
E-mail: meili@netsuite.com
NetSuite, Inc.
NETSUITE DOUBLING WORKFORCE IN
2004
Rapid Growth Fuels Expansion
SAN MATEO, CA. — January 15, 2004 — NetSuite,
Inc., today announced the most rapid expansion the company
has ever seen since its founding in 1998. To accommodate
a growing demand for its award-winning product offerings
including NetSuite and Oracle Small Business Suite,
the company will more than double its workforce worldwide
in 2004. With thousands of customers globally in the
US, Europe and Asia, NetSuite is the leading provider
of integrated online CRM/ERP application software for
small and mid-sized businesses. The Oracle Small Business
Suite name is used under license from Oracle Corporation
(NASDAQ: ORCL).
In 2003, NetSuite grew its sales by more than 300%,
making it the fastest growing major application service
provider in the world. In 2004, the company will substantially
augment its service, sales and development organizations
to continue to meet the demands of enterprises large
and small. The company will also expand its presence
outside the United States, adding to it European and
Asian operations in 2004.
For more information about NetSuite please visit our
Web site at www.netsuite.com.
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