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

NETSUITE NAMED BEST ON-DEMAND SOFTWARE SERVICE

SIIA Awards Coveted "CODIE"Award to NetSuite

San Mateo, Calif.,—June 1, 2005 — NetSuite, Inc. today announced that its industry leading on-demand business management software, NetSuite has been named the winner of the 2005 Codie Awards for Best Software Service by the Software & Information Industry Association (SIIA). This prestigious award is another significant accolade NetSuite has won since it was ranked as the Fastest Growing Software Company by Inc. Magazine. For more information about this award, please visit www.netsuite.com/codieaward.

The Codie Awards, now in its 20th year, showcases the finest companies, products and services in the software and information industry. First round judging was completed by a broad panel consisting of representatives from the industry trade press, mainstream technology writers and industry experts and analysts. Second round judging was based on votes from SIIA members. Member companies are allotted one vote per company in each Codie Award category.

Ken Wasch, President of SIIA, said, "This year, NetSuite has shown the strength of their product for the corporate market. SIIA congratulates NetSuite on their 2005 Codie Awards win."

"We are honored for this recognition from SIIA and their highly respected member organizations,"said Zach Nelson, CEO of NetSuite. "Winning the Codie Award is yet another testament to NetSuite's commitment to innovation and providing our customers with the most advanced on-demand business management solution available."

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