Press Releases


Contact:

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

MID-SIZED ENTERPRISES SAVE MILLIONS OF DOLLARS WITH NETSUITE™

 

Orlando, FL—Gartner Midsize Enterprise Summit—April 29, 2003—NetLedger, Inc., makers of Oracle® Small Business Suite, today announced that NetSuite, its award-winning online business management solution, has gained rapid adoption by mid-sized businesses and divisions of large enterprises. NetSuite integrates front office, back office and online operations, delivering automated business management processes at a fraction of the cost for traditional, non-integrated software solutions. The Oracle Small Business Suite name is used under license from Oracle Corporation (NASDAQ: ORCL).

"Mid-size companies spend hundreds of thousands of dollars tying together an accounting system from one vendor with CRM software from another vendor," said Zach Nelson, president and CEO of NetLedger. "NetSuite, by integrating complete ERP and CRM functionality in a single, easy-to-use application, eliminates these costs completely. It is gratifying to see our customers save so much money with our solution."

A recent USA TODAY article highlighted such enormous cost savings when speaking about NetLedger customer DuPont AirProducts NanoMaterials: "When Bob Grashoff, CEO of DuPont AirProducts NanoMaterials, needed accounting software last year, he considered SAP. But rolling out SAP would take a year or longer, and Grashoff needed something quick for 70 employees doing $20 million in annual revenue. He signed with NetLedger to provide accounting services over the Internet for $100,000 a year. Grashoff figures he saved more than $500,000 by not having to set up an in-house SAP system." For the full story, please go to http://www.usatoday.com/money/industries/technology/2003-04-07-software_x.htm.

Alpha Thought Global, Inc., (www.alphathought.com), and its affiliates, an 800-employee medical billing firm, based in Chicago, IL, has seen immediate benefits. Andrew Johnson, CFO of Alpha Thought touted, "We have saved more than $200,000 in annual salaries just for choosing NetSuite. With Web-based NetSuite, our accountant can handle four remote sites from a single location. Otherwise, I would need a body at every site. I also have zero need for in-house IT support and maintenance." He continued, "I looked at SAP, but NetSuite had all the functionality I needed at a much lower price." For the full success story, please go to /portal/customers.html?industry=computerinternet.

WildPackets, Inc., (www.wildpackets.com), a 100-employee technology company, based in Walnut Creek, CA, found NetSuite after its office burnt down, destroying the company's IT infrastructure. Mahboud Zabetian, president and co-founder of WildPackets, Inc. said, "The fire was a mixed blessing. It kicked us out of our old system and gave us something that works. We had invested a few hundred thousand dollars worth of our own time getting the previous systems to work together. NetSuite's front- and back-office features were already integrated in one application. More importantly, NetSuite has saved us $250,000 on implementation and $500,000 in ongoing savings from avoided hardware and headcount costs." For the full success story, please go to /portal/customers.html.

About Companies

  • DuPont Air Products NanoMaterials L.L.C. (www.nanoslurry.com) combines the expertise of DuPont in developing and manufacturing colloidal silica sols and particles for electronic applications with Air Products' manufacturing and technical leadership, on-site management capabilities, sales and marketing infrastructure and logistics expertise in providing the broad range of electronic gases and chemicals that surround a process tool. The company operates a manufacturing and formulation facility in Ruabon, U.K.; a state-of- the-art applications and formulation laboratory in Tempe, Arizona; a silica lab at Research Triangle Park, North Carolina; and a formulation laboratory at Utsunomyia, Japan.
  • Alpha Thought Global, Inc. (www.alphathought.com) - Alpha Thought Global, Inc. (ATG) offers 'Innovative Thought Leadership for Healthcare' by providing clients with end-to-end services in the medical billing industry. ATG is dedicated to providing superior customer service to physicians and their patients. Medical specialty focused "Centers of Excellence" deliver coding, billing and account management to hospital-based physician groups practicing Anesthesiology, Emergency Medicine, Pathology, Radiology, and other office-based specialties. Alpha Thought Global's mission is to deliver high quality services to their clients and to maximize their revenue potential through: experienced management and staff trained in various specialties; localized client account management; advanced technology to improve efficiency; and highly skilled offshore resources.
  • WildPackets Inc. (www.wildpackets.com) has been developing affordable tools designed to simplify the complex tasks associated with maintaining and optimizing computer networks since 1990. WildPackets' patented "Peek" technology has long been the recognized standard for network monitoring and analysis in the SMB market, and is now the new acknowledged leader in network protocol analysis for the Enterprise. WildPackets' products are sold in over 50 countries through a broad network of channel and strategic partners. Customers include Cisco Systems, Agilent, D-Link, Microsoft, Siemens AG, Unisys, Motorola, and others. Strategic partners include Agere Systems, Atheros Communications, 3Com, Intel, Proxim, SysKonnect, Symbol Technologies, and Chevin.

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

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