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Contact:

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

NETLEDGER AND STAMPS.COM TEAM UP TO PROVIDE ONE-STOP ONLINE ACCOUNTING AND INTERNET MAILING, SHIPPING SOLUTION

 

SAN MATEO, Calif.—March 30, 2000—NetLedger, Inc., the gateway to e-commerce and world's first provider of a Web-based accounting solution for millions of small businesses, announced today it has entered into a strategic partnership with Stamps.com™ (Nasdaq: STMP), the leading provider of Internet mailing and shipping services. As a result of today's announcement, customers of NetLedger and Stamps.com have easy access to a complete suite of online accounting and Internet Postage™ and shipping services jointly provided by the two companies.

Effective immediately, both NetLedger and Stamps.com will co-market and cross-promote each other's services to their current and future customers, thereby aggressively extending their market reach. Under the terms of the agreement, NetLedger's customers will have access to Stamps.com's postage and shipping services via a link on NetLedger's Web site. This will allow them to purchase and print postage right from the desktop. Similarly, Stamps.com's more than 150,000 customers can sign up via a link at Stamps.com for NetLedger's full-featured, multi-user accounting solution, NetLedger™ Plus. NetLedger is built on the robust, reliable and secure Oracle 8i database, bringing Fortune 500 power and functionality to small businesses.

"By collaborating with an industry innovator whose vision and product match our own, NetLedger will provide small businesses the powerful, time-efficient new tools they require to compete in the current and future e-commerce environment," said Bill Mirbach, president and CEO of NetLedger, Inc.

"Stamps.com's partnership with NetLedger makes sense on many levels," said Robert Pickell, Vice President of Marketing, Stamps.com. "Together we can provide small businesses and organizations the Web-based solutions that address their need for cost-effective, easy-to-use business services that are accessible right from the desktop."

"NetLedger is pursuing alliances with breakthrough, Internet-centric partners whose services and solutions are complementary to our offerings," said Jodi Maxson, vice president, Business Development of NetLedger, Inc. "Our alliance with Stamps.com provides further evidence that NetLedger is at the forefront of small business ASP integration."

In addition to Stamps.com, NetLedger has recently announced partnerships to deliver integrated solutions with Automatic Data Processing (ADP), the world's leading payroll provider, and One.Core.com, for premier financial services like online banking and 401(k) management. These alliances are all critical elements of NetLedger's strategic vision to become the online solution for small businesses.For more information about NetSuite please

Visit our Web site at www.netsuite.com.

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