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

NETSUITE NAMED ONE OF WORLD'S TOP 25 APPLICATION SERVICE PROVIDERS BY ASPNEWS™.COM

SAN MATEO, CA – July 23, 2004 – NetSuite, Inc., today announced it has been ranked by ASPnews as one of the world’s 25 leading Application Service Providers (ASPs) in the “provider” category. ASPnews, a pioneer source of news and analysis for and about the ASP industry and part of the internet.com network of Jupitermedia Corp., published its choices for the top 25 providers and top 25 enablers (enablers are middleware vendors like IBM, BEA, Microsoft, PeopleSoft and Oracle) on its website at www.aspnews.com/top50. NetSuite’s award-winning product offerings include NetSuite, NetSuite Small Business, NetCRM and NetERP. For more information on the ASPnews top ASP list, please go to http://www.aspnews.com/top50/article.php/11307_3375781_2.

As stated on their website, for inclusion in the ASPnews Top 25 Providers list, companies must meet the following criteria:
-- Be recognized as a leader by others within the industry
-- Be innovators in the online delivery of software-based services
-- Have a substantial and active end-user customer base for those services
-- Have the provision of network-based applications and/or services as their core business
-- Be able to demonstrate proven revenue streams

"It is an honor to be identified by ASPnews as one of the top 25 ASPs in the world," said Zach Nelson, CEO of NetSuite. "NetSuite was an early adopter of the ASP model and our success in the on-demand space continues to draw industry accolades."

For more information about NetSuite visit: www.netsuite.com.

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