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Contact:

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

NETSUITE HONORED WITH THE HOTTEST OVERSEAS TECH PROSPECT OF THE YEAR AWARD

Silicon Valley's Fastest Growing Software Company Receives Award at UK Technology Innovation and Growth Conference


LONDON—28 February 2006—NetSuite, Inc., the leader in on-demand business management software for small and mid-sized businesses, announced today that it was named the Hottest Overseas Tech Prospect of the Year, one of the Technology Innovation & Growth Awards 2006 announced on 21 February at the UK Technology Innovation & Growth Conference. This prestigious recognition is a testament to the success that NetSuite's UK operations has achieved in the past 18 months, and it is another accolade added to a growing list of NetSuite's awards. For more information about this please visit: www.netsuite.com/ukaward.

"It is a wonderful honor to receive such recognition," said Dean Mansfield, Senior Vice President of Worldwide Sales at NetSuite. "Our UK operations have experienced exponential growth in the past 18 months due to the great team we have and rapid customer adoption of NetSuite's on-demand software."

The Hottest Overseas Tech Prospect of the Year Award is given to the hottest pre-IPO overseas technology company that has been successful in the UK. The judging criteria includes: innovative product relevant to the market; strength of management team; degree of success in the UK marketplace; and strong long-term prospects for the business.

As an annual event, the UK Technology Innovation & Growth Conference features two days of incisive debate and analysis of key UK technology growth issues and trends. It is the leading event covering the whole technology ecosystem from leading financiers to IT vendors and users, who all share a passion to support and encourage British technology innovation and enterprise.