NETSUITE AND ORACLE TO BRING THE POWER OF EXADATA TO THE MASSES
Joins World's Leading Cloud Suite Software
With World's Highest-Performance Database Machine
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 announced that it is working with Oracle Corporation to leverage the power of the Oracle Exadata Database Machine for NetSuite's cloud software solutions. By becoming an Oracle Exadata customer, NetSuite can deliver extreme levels of performance and other benefits to NetSuite customers to power their business growth.
"NetSuite's strategy has been to bring the power of enterprise-grade technologies to all companies," said Zach Nelson, NetSuite CEO. "With the power of Oracle Exadata, NetSuite will be able to enable companies to enjoy Exadata's extreme performance without taking on additional IT burdens, and at a price point that they can afford."
"Oracle is the technology that powers the cloud," said Mark Hurd, Oracle President. "Oracle and NetSuite share the belief that optimized solutions are the future of technology. Oracle Exadata is hardware and software that is engineered to work together. The combination of Oracle Exadata and NetSuite's suite of cloud business applications will transform the way companies run their business and bring the power of our technologies to the broad base of customers moving to the cloud."
By integrating the engineering of database hardware and software, Exadata provides the industry's highest levels of database performance. Compared to its closest competition, Exadata delivers higher performance with faster query throughput and a highly parallel architecture. By adopting NetSuite's cloud solutions which leverage Oracle Exadata, when available, NetSuite customers can benefit from these record-beating performance capabilities without making their own additional investments in database administrators or hardware.
Additionally, NetSuite's cloud offerings powered by Oracle's Exadata will provide enterprise-class functionality to ensure maximum agility and access to the latest and greatest database platforms for all NetSuite customers. Advances in database security, fault-tolerance and transaction processing provided by the Oracle Exadata platform which once were out of reach to all but the largest companies, will be available to all of NetSuite's customers.
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Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to NetSuite's planned use of the Oracle Exadata Database Machine and the expected related benefits that certain NetSuite customers will experience. These forward-looking statements are based upon the current expectations and beliefs of NetSuite's management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks include without limitation, that the integration of the Oracle Exadata technology with the NetSuite application and related operations architecture could encounter challenges or difficulties that could delay the offering or cause NetSuite to modify its plans with respect to its use of the technology and the risk that NetSuite customers may not experience the expected benefits or experience them fully. All forward-looking statements in this press release are based on information available to the Company as of the date hereof and NetSuite disclaims any obligation to update these forward-looking statements. Customers who purchase our services should make sure the decisions are based on features that are currently available. Please be advised that any unreleased services or features from NetSuite that are not currently available may not be delivered on time, or at all.