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