SVP, Corporate Communications
Leading Japanese Internet Companies to Distribute and Promote NetSuite
Partners Take Major Equity Stakes in NetSuite K.K.
TOKYO and SAN MATEO, Calif.—May 25, 2006—NetSuite, Inc., the leader in on-demand business software suites, today announced major partnerships with two industry-leading companies in Japan: Transcosmos, Japan's leading outsourced services provider; and Inspire Corporation, a prestigious IT venture capital firm and IT consultancy, headed by industry pundit Makoto Naruke, who joined Microsoft in 1986 and was president of Microsoft Japan from 1991 — 2000. These two new partnerships create the most extensive network for NetSuite to reach small and mid-sized Japanese businesses, leveraging the expertise in marketing, outsourcing, and IT provided by Transcosmos and Inspire. Additionally, both Transcosmos and Inspire have taken significant equity stakes in NetSuite K.K. Together these commitments represent a distribution, engineering and equity investment of more than $18 million. For more information about this, visit www.netsuite.com/japan
"NetSuite is the first and only on-demand software company to create such a strong group of distribution and investment partnerships in Japan. We are very proud to be selected by Transcosmos and Inspire as their on-demand partner for the future," said Zach Nelson, CEO of NetSuite, Inc. "Moreover, their investment commitment reflects their confidence in NetSuite's leadership position in on-demand business software suites throughout the world."
In Japan, SMEs represent over 90 percent of the economy, and the new NetSuite partnerships create one of the strongest Japanese distribution and marketing networks ever assembled to reach these companies. In addition to Japan, the partners will provide substantial reach throughout Asia. The following are details on the partners:
Transcosmos — In addition to being Japan's largest outsourced call center company, Transcosmos is a leading website builder and online advertisement reseller in Japan. Transcosmos plans to leverage NetSuite's unique integration of CRM, ERP and Ecommerce to realize its "Marketing Chain Management" vision, a model that helps companies optimize their marketing content and efficiently perform marketing tasks, acquire new customers, expand sales, and enhance customer satisfaction by bringing into synch real-time marketing and the contact and call centers that enable companies and consumers to communicate directly with one another.
"After vigorous evaluation of many available software solutions, we made the decision to go with NetSuite," said Masataka Okuda, President and COO. "NetSuite is a very exciting on-demand software solution with an integrated approach that will bring unprecedented value proposition to us and our clients. This made NetSuite an obvious choice. We are fully committed to bring this software solution to the Japanese market as well as the rest of Asia."
Inspire Corporation — A leading IT venture capital and IT consulting company, Inspire Corporation is headed by Makoto Naruke, an industry luminary and former president of Microsoft Japan. Inspire will assist NetSuite K.K. with strategic business alliance development with large Japanese companies. "I am excited to work with NetSuite K.K. to bring the world class software application to the Japanese market," said Makoto Naruke, CEO of Inspire Corporation. "Being in IT for many years, I have recognized that NetSuite is undoubtedly the greatest product I have seen in the last decade, and we are passionate about making this product the number one on-demand ERP, CRM and Ecommerce solution in the Japanese market."
Shibuya-ku, Tokyo-based Transcosmos Inc. has been pioneering Japan's outsourced information services field since 1966. Led by President and COO Masataka Okuda and traded on the First Section of the Tokyo Stock Exchange (symbol: 9715), it had 7,604 employees and annual sales of JPY 106.5 billion (consolidated) in the fiscal year ending March 2006. Since its founding, Transcosmos has continually striven to enhance client-corporations' competitiveness through innovations combining the strengths of human resources and technology to offer outsourced services with higher value-added. Foreseeing how the quickening spread of broadband Internet and VoIP is going to facilitate more direct communication of mutually valuable information between companies and consumers — and the implications this has for corporate marketing v in June 2002 Transcosmos moved to transform itself into The Marketing Chain Management Company. With a new communications channel now taking shape through the integration of telephone, the Web, email, and even live video using Internet protocols, Transcosmos realizes that Internet-expertise will be indispensable in the running of contact and call centers. Continuing in its tradition of developing more advanced outsourcing services while adapting the latest Internet technologies, Transcosmos is committed to further maximizing these, its unique strengths, to help clients speed up business processes, expand sales, cut costs, and enhance customer satisfaction. For more information, about Transcosmos visit www.trans-cosmos.co.jp/e/.
About Inspire Corporation
Minato-ku, Tokyo-based Inspire Corporation is a leading investment firm starting with "the 1st Japan Strategic IT Fund" which stimulates strategic investment for IT systems through investment and fund offerings to middle class public companies in order to trigger management innovation in the invested companies. Inspire administrates several funds with different objectives such as "Inspire Advanced Technology Fund" that fosters companies holding the latest technology and the latest patented technology itself, making contribution for the flexible solutions for management issues. Inspire has a team of professionals with extensive experiences in various fields, such as finance, IT, marketing and intellectual property. For more information about Inspire Corporation visit http://inspirecorp.co.jp/eg.
NetSuite's Japan office is located at:
Odakyu Minami-Aoyama Bldg. 10F
8-1 Minami-Aoyama 7-chome
Minato-ku, Tokyo 107-0062
For more information about NetSuite visit www.netsuite.co.jp