SVP, Corporate Communications
NetSuite Joins Deloitte, KPMG, IBM, GE, HP, Adobe, Bank of America, Pepsico, Discovery Communications and Others at The White House
200 Companies Pledge Nearly $1.8 Billion in Pro Bono Services to Nonprofits
WASHINGTON, D.C—June 27, 2012—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced that through its NetSuite.org corporate citizenship program it has joined A Billion + Change, a swiftly growing national campaign to mobilize billions of dollars of pro bono and skills-based volunteer services from corporate America to build nonprofit capacity. NetSuite joins major US corporations such as Deloitte, KPMG, IBM, GE, HP, Adobe, Bank of America, Pepsico and Discovery Communications at The White House today. In less than a year, 200 companies have pledged an estimated $1.8 billion worth of skills-based services to nonprofits, keeping the campaign on track to inspire 500 companies to create or expand a skills-based volunteer program in their workplace by 2013.
NetSuite will join the campaign at the White House today for a forum on "A Billion + Change in Action: Connecting to the Future of Corporate Service." Leaders in industry, civic engagement and policy will convene at this forum to discuss opportunities for businesses to scale efforts and partnerships to meet the social, economic and environmental challenges of the 21st century through skills-based service. They will also explore ways to align corporate skills-based service programs with national initiatives to boost innovation, competitiveness and models of effective collaboration.
In joining A Billion + Change, NetSuite is committed to leveraging its greatest assets, its product and its people, to create solutions for nonprofits and social enterprises. Since 2007, NetSuite's pro-bono program has engaged employees around the world to participate in skills-based volunteer projects designed to extend the impact of our grantees work, and allow them to run their organizations more effectively.
"The cloud is changing the very nature of how all organizations operate, creating a special opportunity for nonprofits to be even more effective," said David Geilhufe, Head of NetSuite.org. "To fuel this opportunity, we donate the right to use our product to charities and social enterprises and structure pro bono projects to help these grantee organizations. We are committed to giving back, and believe that we have a role to play in creating social change."
Today's forum will challenge each pledge to look ahead at what they are poised to do. "Our challenge now is to expand A Billion + Change while partnering effectively with nonprofit professionals so we can change communities for the better," said Senator Mark Warner, Honorary Chairman of A Billion + Change. "It's through collaboration and collective impact that A Billion Plus really does add up to meaningful change."
Every day, A Billion + Change pledge companies harness the skills and talents of their best and brightest to build nonprofit capacity, create empowering opportunities for veterans, strengthen our workforce, improve STEM education and promote global development.
Corporate skills-based volunteer programs have also proven to be effective talent management tools, and can help businesses boost their own competitiveness while giving back to their communities. According to True Impact skills-based volunteers are 142 percent more likely to report job-related skills-gains than traditional volunteers, and 82 percent more likely to report that volunteerism generated new recruits for their company versus traditional volunteers. For nonprofits, the value of skilled support in areas such as general operations, technology and professional services can be 500 percent greater than the value of traditional volunteering.
Today, more than 12,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud business management suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing top 10 financial management systems vendor in the world. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
NetSuite.org is the corporate citizenship arm of NetSuite, leveraging the company's assets to create social impact for charities and social enterprises around the world. Through our unique initiatives, including product donations and deep discounts, pro bono service grants and social solutions, we are supporting organizations worldwide to better achieve their missions. For more information about NetSuite's corporate citizenship program, and to apply for our donation and pro bono initiative, please visit www.netsuite.org.
About A Billion + Change:
A Billion + Change is a national campaign to mobilize billions of dollars of pro bono and skills-based volunteer services by 2013. It was launched by the Corporation for National and Community Service in 2008 and continues as an initiative of the federal agency. Reinvigorated in 2011 with expanded leadership under the honorary chairmanship of Senator Mark Warner, it is now housed and managed by Points of Light. The initiative is powered by the support of Deloitte, HP, the Case Foundation and IBM with additional founding support from State Farm, McKenna Long & Aldridge LLP and Morgan Stanley.
For more information about NetSuite, please visit www.netsuite.com.
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