NETSUITE BRINGS POWER OF CLOUD ERP TO THE ENTERPRISE
New Products, ISVs, Systems Integrators and Customers Establish Company
As Leading Provider of Enterprise-Class Cloud ERP Solutions
Groupon, Qualcomm Move their Operations to NetSuite OneWorld
NetSuite SuiteWorld 2011, SAN FRANCISCO—May 10, 2011—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today made a series of announcements that collectively establish NetSuite as the leading provider of enterprise-class cloud ERP solutions for large organizations seeking to upgrade their antiquated client/server ERP systems. Today at SuiteWorld, the company's annual customer event, NetSuite is unveiling a host of new products, partnerships and customers, setting the standard for what it takes to deliver the software enterprises can depend on to run complex, mission-critical business processes in the cloud. As demonstrated by today's announcements, as well as a recent Gartner study naming NetSuite as the fastest growing financial management systems vendor in the world, NetSuite's traction within the world's largest global companies is accelerating and enabling CIOs to lower IT costs significantly, while increasing productivity.
NetSuite CEO Zach Nelson will make the announcements at his opening keynote scheduled for 9:00 PDT (Click here to view the live webcast of Mr. Nelson's keynote address). Joining Mr. Nelson in announcing new partnerships and new product offerings will be Oracle Corp. President Mark Hurd, Accenture CIO Paul Dougherty, and Yammer CEO David Sacks.
Mr. Nelson will also announce two major global enterprises that are adopting NetSuite OneWorld to power global operations and ERP. Groupon, the world's fastest growing company in history, will announce that it has selected NetSuite OneWorld, having gone live with NetSuite OneWorld in five international markets within just six weeks. In three months, twenty-six international markets are expected be live. Qualcomm, the leading developer and innovator of 3G and next-generation wireless technologies, products and services, will announce it has selected NetSuite OneWorld as part of its strategy to consolidate its mid-tier ERP architecture on NetSuite's cloud based offering.
"For a decade, NetSuite has delivered to small and midsized companies a system in many ways more powerful than those used by the world's largest enterprises. Now, we are delivering that system to the world's largest enterprises, and giving those organizations the ability to make their companies as agile as smaller businesses," said Zach Nelson, CEO of NetSuite. "The announcements we are making today with the world's leading systems integrator and enterprise software and hardware developers combined with our industry-leading NetSuite OneWorld offering now give companies of all sizes the opportunity to move their complex business operations to the computing platform of the future."
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