Press Releases


Contact:

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

NETSUITE HOSTS ONLINE EVENT FOR SAGE CHANNEL PARTNERS TO MAKE BUSINESS CASE FOR CLOUD COMPUTING BUSINESS SUITES

Event Will Show Sage Channel Partners A Path to Enable Them to Revitalize Their Sagging Revenues While Building a Bridge to Their Cloud Computing Future


50% Margins for Qualified Partners


SAN MATEO, Calif.—July 23, 2009—NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced the details of a special online event for Sage channel partners designed to make the business case for joining the NetSuite Solution Provider program. The event, Running Your Business in the NetSuite Cloud, will offer details on how qualifying partners can earn up to a 50% margin for offering NetSuite products. In addition, NetSuite will showcase how NetSuite's on-demand Financial / Accounting, Customer Relationship Management (CRM) and Ecommerce solutions provide both a compelling and predictable revenue stream, as well as a bridge to a cloud computing future, which has a growth rate that is rapidly outpacing that of packaged, on-premise software.

This one-hour NetSuite web seminar will be held Thursday, August 20, 2009, at 11:00 a.m. (PDT) / 2:00 p.m. (EDT). To register, please visit www.netsuite.com/sagepartner.

More and more businesses are turning to NetSuite to meet their business management software needs. NetSuite posted 41% revenue growth in 2008, which sharply contrasts with the lackluster performance of traditional on-premise solutions that generally have shown flat or declining revenue over the past year. Sage, for example, saw its software and software-related services growth decline by 15% (Source: Interim Results, 6 months ended March 31, 2009 by Sage).

Launched in 2002, the NetSuite Solution Provider Program has attracted a group of high-quality partners. Since joining NetSuite, they have been enjoying the benefits of the NetSuite cloud computing platform that has helped them manage their businesses during the turbulent economy:

  • NetSuite solution providers have leveraged NetSuite's recurring revenue model that has bolstered their financial security in the economic downturn.
  • With NetSuite's cutting-edge financial functionality, NetSuite solution providers have been offering a compelling and competitive solution to their customers and prospects, including real-time dashboards and business intelligence, real-time workflow and approval management, multi-entity business management with financial consolidation.
  • NetSuite solution providers have low cost of operations and high customer satisfaction.
  • NetSuite solution providers have been able to capture new business opportunities faster by monetizing and capitalizing on their vertical and business process intellectual property using NetSuite's SuiteCloud Developer Platform.

Unlike other on-premise software vendors, NetSuite has only a single code base to maintain and innovate in operating its NetSuite on-demand service, so NetSuite customers get all the benefit of a highly focused R&D effort designed to help them leverage and grow their investment.

 

For more information about NetSuite Inc., please visit www.netsuite.com.

NOTE: NetSuite, the NetSuite logo, and SuiteCloud, are registered service-marks or trademarks of NetSuite Inc.