LINEAR TECHNOLOGY TAPS NETSUITE FOR ECOMMERCE
Leader in Analog Integrated Circuits Runs Successful Linear Express — B2B and B2C Sites with NetSuite
SAN MATEO, Calif.—March 13, 2007—NetSuite, Inc., the leader in on-demand business software suites, today announced that NetSuite® is the choice of Linear Technology Corp. (www.linear.com) for its ecommerce platform. Linear (NASDAQ: LLTC) of Milpitas, Calif., the leader in high performance analog integrated circuits, uses NetSuite to process orders on its Linear Express ecommerce site. The Linear Express distribution channel serves thousands of Linear customers worldwide. For more information about NetSuite ecommerce, please visit www.netsuite.com/ecommerce
Linear Technology (FY 2006 revenues of $1.093 billion; 3,800 employees worldwide) must be precise not only with its product but also with its numbers. Linear needed a single system to handle sales and revenue tracking for its Linear Express distribution operation. After a rigorous evaluation, Linear chose NetSuite for its proven ability to handle all ecommerce operations and unify financials in a single system.
With NetSuite, Linear now has a single repository of customer information from initial contact to billing. The company can track the entire sales process in real-time, giving managers insight into every part of the sales and support process and the capability to generate accurate financial reports. More importantly, NetSuite provides Linear the ability to keep precise track of revenue recognition.
"NetSuite gives us an efficient solution for our worldwide Linear Express online ordering system," said Michael Grossman, World Wide Distribution Manager, Linear Technology Corp. "I have inside salespeople all over the world using it. A hosted solution makes good sense for Linear Express because people can use it 24/7 around the globe."
"The success that Linear has had with NetSuite demonstrates the power of integrating ecommerce with other core business systems like CRM and ERP, rather than treating the website as some ancillary bolt-on system," said Zach Nelson, CEO of NetSuite. "Linear is truly an ecommerce visionary, and we are excited NetSuite is the backbone for their on-line efforts."
NetSuite also offers Linear the flexibility to customize the system to meet its needs without having to go back to vendors or consultants for customization help.
NetSuite recently announced a new release of ecommerce functionality, which extends the benefits of Software as a Service (SaaS) applications to meet the needs of mid-sized companies' ecommerce operations. The new features — including multi-channel, multi-store, multi-currency, and multi-language support and automated upsell/cross-sell — enable mid-sized companies to efficiently automate both their business-to-business (B2B) and business-to-consumer (B2C) operations without the cost and pain of developing complex custom applications. To learn more about NetSuite Ecommerce please visit www.netsuite.com/ecommerce
About Linear Technology
Linear Technology Corporation designs, manufactures and markets a broad line of high performance analog integrated circuits. Applications for the company's products include wireless communications, cellular telephones, networking products, notebook and desktop computers, medical instrumentation, video/multimedia, industrial instrumentation, high-end consumer products, automotive electronics, factory automation, process control, and military and space systems. Linear Technology markets products in the areas of power management, signal conditioning, mixed signal and high frequency RF products.
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