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Contact:

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

NETSUITE RANKED #1 IN LEADING ANALYST FIRM SURVEY OF VARS AND CONSULTANTS

VARs Vote NetSuite as Top Vendor to "Show Aggressive Product Innovation, Pursue Active and Creative Partner Development, and Bend over Backward to Support VARs and Consultants"

SAN MATEO, CA—February 19, 2004—NetSuite, Inc., today announced that in a Gartner Group survey taken to determine accounting-based business software market visionaries, NetSuite received the top ranking, outscoring Microsoft Business Solutions, Best Software, Intuit and nine other software providers. When measured by product functionality, NetSuite was a Top 5 finisher, beating 16 other software products. With thousands of customers globally in the US, Europe and Asia, NetSuite is the leading provider of on-demand CRM/ERP application software for small and mid-sized businesses. Its products include NetSuite and Oracle Small Business Suite. The Oracle Small Business Suite name is used under license from Oracle Corporation (NASDAQ: ORCL). For more information on the study, NetSuite's product offerings and partnership opportunities, please go to http://www.netsuite.com/ranks1.

The Gartner report on 2003 accounting-based business management applications used surveys of Value Added Resellers and Consultants to rank top technology trends and vendors for the small to mid-size business market. The Top Technologies and Products Poll asked respondents to rank the importance of 25 new technologies. True to form, NetSuite holds a market leadership position in the top desired features as identified by VARs and consultants: full-fledged CRM, executive dashboards, and logistics and warehouse management. Two polls in the report asked VARs to rank vendor capabilities. NetSuite received the top ranking in the Vendor Conviction Poll, a survey which asked respondents to rank vendors that "show aggressive product innovation, pursue active and creative partner development, and bend over backward to support VARs and consultants." NetSuite finished in the Top 5 in the Vendor Solutions Poll, a measure of products’ functional capability. NetSuite is the only product developed in the last 5 years to receive such high marks for product capability.

"NetSuite's leadership ranking reflects that customers are prioritizing the integration of CRM and ERP functionality above all else," said Zach Nelson, CEO of NetSuite. "In the same way we have innovated in our product, we have also blazed the trail in enabling partners to gain from our software as service model. It is rare when VARs and consultants recognize a single company as leading the industry in product capabilities and channel programs."

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

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