NORTH AMERICA'S FASTEST GROWING SOFTWARE COMPANY LAUNCHES IN JAPAN
Former Microsoft Board Member and Head of Business Solutions Division Appointed President of NetSuite Japan
NetSuite Announces Japanese Version Product Availability
TOKYO and San Mateo, Calif.—March 8, 2006—NetSuite, Inc., the world leader in on-demand business
management software, today announced the establishment
of NetSuite K.K., a wholly-owned subsidiary with exclusive
rights to NetSuite's award-winning products in Japan.
The company also appointed industry veteran Takahiko
Higashi, formerly of Microsoft Japan, as president of
NetSuite K.K. In addition, the company announced the
availability of its first Japanese products and released
the names of key customer wins. For more information
about NetSuite's Japan operations, please visit: www.netsuite.jp
NetSuite, a pioneer in the Software as Service (SaaS)
market, was founded in 1998 by Larry Ellison of Oracle
Corporation and NetSuite's Chief Technology Officer,
Evan Goldberg. Mr. Ellison's and Mr. Goldberg's visionary
strategy to create NetSuite — an on-demand integrated
suite of applications encompassing ERP, CRM and Ecommerce
— has established a new class of business applications.
The success of this strategy is evident in the company's
growth: NetSuite was recently named the fastest growing
business software company in North America by Deloitte.
Mr Ellison remains a majority shareholder. Other significant
investors include New York-based Starvest Partners and
Philadelphia-based Cross Atlantic Partners.
NetSuite Japan will be headed by Takahiko Higashi.
Mr. Higashi joins NetSuite from Microsoft where he was
most recently a Board member of Microsoft Japan. Mr.
Higashi held various senior posts at Microsoft Japan
including Senior Officer of Corporate Strategy; and
Director, Business Solution Group, Microsoft Japan.
Prior to his 12-year tenure at Microsoft, Higashi was
General Manager of Marketing and Corporate Strategy
at Net One Systems, one of Japan's largest systems
integrators. He graduated from the Engineering Faculty
of Kyoto University.
"The fact that we have major customers here even
before opening an office shows the need for integrated,
on-demand software in Japan," said Zach Nelson,
CEO of NetSuite. "Because NetSuite's offerings
provide the power of an SAP-like offering without all
the pain and cost, we expect great success around the
"NetSuite is the leading integrated SaaS business
application, and bringing it to Japan is an enormous
opportunity," said Takahiko Higashi, President
of NetSuite Japan. "In addition to our integrated
on-demand CRM and ERP solution, bringing NetSuite's
ecommerce capabilities to the Japanese market will be
NetSuite has thousands of customers using its on-demand
business suite to bring together back-office, front-office
and ecommerce in a single application. Businesses in
Japan also benefit from the integrated suite and are
using it for applications from tying together Japanese
manufacturing to U.S. sales and distribution, to integrating
ecommerce with other channels. Examples of NetSuite
customers in Japan include:
AZORA Technologies, K.K.
AZORA Technologies, K.K. uses NetSuite for managing
its front- and back-office in multiple countries, benefiting
from NetSuite's CRM, ERP and Ecommerce all in one application.
"The No. 1 benefit of NetSuite is having the CRM,
accounting and ecommerce all in one single place,"
said Brian Itow, Executive Vice President of AZORA Technologies,
based in Tokyo with offices in India, Korea, and the
U.S. "NetSuite's multi-lingual capabilities are
very beneficial as well, as we have Japanese and English
speakers working in the same office."
Qahwa, Ltd. (Wholesale Distribution
Qahwa, the exclusive distributor of Moleskine notebooks
in Asia, uses NetSuite's integrated solutions to run
all its business operations, and to host and manage
its popular website and webstore. "Without NetSuite,
we would have had to buy a specialized bookstore-distributor
application and a robust ecommerce solution, which was
way beyond our budget," says Go Urano, co-founder
of Tokyo-based Qahwa Ltd. (www.moleskine.co.jp).
"Now, despite being smaller than some of our competition,
we can operate more efficiently than the largest book
distributors in Japan."
Meyer Asset Management (Financial
Meyer Asset Management is a large money management company
headquartered in Tokyo with offices throughout Asia.
"With NetSuite, we can access all our sales and
client information while we are onsite with a client,
while working from home, or from anywhere in the world,"
said Richard Cayne, Managing Director, Meyer Asset Management
"We've been telling others about NetSuite and feel
it has a very bright future here in Japan."
Pricing and Availability
NetSuite's product offerings available in Japan
include: NetSuite, NetSuite Small Business, NetSuite
CRM, and NetSuite CRM+. For pricing information please
NetSuite's Japan office is located at:
Odakyu Minami-Aoyama Bldg. 10F
8-1 Minami-Aoyama 7-chome
Minato-ku, Tokyo 107-0062
For more information about NetSuite visit www.netsuite.jp