SVP, Corporate Communications
Fujitsu First System Integrator to Resell Cloud Computing ERP Suite in Japan
SAN MATEO, Calif. and TOKYO, Japan—August 5, 2009—NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business software suites, today announced that it has partnered with Fujitsu Limited (TSE:6702) and Fujitsu Business Systems Ltd. (www.fjb.fujitsu.com) to distribute, resell, and support NetSuite in Japan, enabling Japanese companies to run the core aspects of their businesses in the cloud. NetSuite Release J is Japan's first and only fully-localized, Software as a Service (SaaS) business management suite available to Japanese businesses to date.
Partnering with NetSuite gives Fujitsu an immediate presence in the rapidly expanding cloud computing industry as well as a formidable cloud-based Enterprise Resource Planning (ERP) offering for small to mid-sized enterprises. Fujitsu's internal experts will specialize in promoting NetSuite to mid-market manufacturing companies, while Fujitsu Business Systems Ltd. (FJB) and its external partners focus on targeting SMEs in the industry-specific verticals such as services, wholesale and distribution.
NetSuite, Fujitsu and FJB have designed an aggressive and comprehensive strategy to expand the reach of NetSuite Release J. The plan calls for 500 new customers within three years. Customers and interested parties can learn more about the partnership, and the joint plans to make NetSuite Release J Japan's leading ERP solution, at an upcoming executive round table for marketing and development. Details of the event will be made available soon.
NetSuite Release J is the first and only cloud computing ERP suite and provides full support for Japanese accounting requirements, including Tegata (promissory note) payments, J-GAAP compliant financial statements, and full Consumption Tax configuration capabilities. When used as a part of NetSuite OneWorld, NetSuite Release J is the first Japanese product to offer cloud-based multinational, multi-company consolidation. Since its launch in December 2008, NetSuite Release J has gained market traction in Japan. The partnership with Fujitsu and FJB makes NetSuite the top SaaS ERP suite choice in the Japanese market.
"We are pleased and honored that Fujitsu Limited and Fujitsu Business Systems ha ve elected to offer NetSuite," said Zach Nelson, CEO of NetSuite. "Fujitsu and FJB's extensive experience and strong reputation will be instrumental in expanding the growth of SaaS in Japan, and NetSuite's stable and extensible enterprise platform will enable FJB's expert integrators and developers to create new, innovative solutions for their customers."
"Fujitsu is confident that the alliance between NetSuite and Fujitsu Group creates a new leader in the Japanese SaaS ERP market, powered by NetSuite Release J," said Taro Mizuno, President of Manufacturing and Distribution Solution Unit at Fujitsu Limited. "Together, we can deliver valuable and effective cloud computing software solutions to small and mid-sized enterprises, enabling them to realize cost-savings, productivity gains and speed-to-implementation benefits."
"FJB is convinced that NetSuite Release J has tremendous potential in the small and mid-sized enterprise market, and we look forward to being an active and aggressive partner," said Shoji Tamura, Vice President of Fujitsu Business Systems Ltd. "Our years of knowledge and experience, combined with NetSuite's established global success, will broaden the reach of cloud-based services and create a leader in the Japanese SaaS revolution."
NetSuite K.K. opened in 2006 to solidify the company's support for the growing number of NetSuite customers in Japan and provide infrastructure for further growth. As the only provider of a SaaS-based, fully integrated ERP and Customer Relationship Management (CRM) business suite with support for Japanese regulatory, accounting, and taxation requirements, NetSuite K.K. has built a notable following in one of the world's largest economies. Japanese customers include Six Apart, Columbia Music Entertainment, and Sinsouki. For information about NetSuite K.K., please visit www.netsuite.co.jp.
NetSuite's Japan office is located at:
Akasaka 1-chome Mori Building 6F
Minato-ku, Tokyo 107-0052
NetSuite Inc. (NYSE: N) is a leading vendor of cloud computing business software suites. NetSuite enables mid-market companies to manage core business operations in a single system, which includes Accounting / Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce. NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information. For more information about NetSuite please visit www.netsuite.com.
Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 175,000 employees supporting customers in 70 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.6 trillion yen (US$47 billion) for the fiscal year ended March 31, 2009. For more information, please see: www.fujitsu.com.
Fujitsu Business Systems (FJB) develops optimal solutions from the clients' perspective to carry their business strategies to a successful conclusion. Our solutions are created through a process of assessing the current status of a corporation's operations, examining the management issues it faces and designing a combination of optimal products and software services, supported by appropriate consulting, to resolve the issues.
With 3,300 specialists and 105 nationwide locations, FJB provides total solutions covering the full range from consulting to system architecture, operations support, maintenance, construction and education.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to the future growth of NetSuite's customer base. These forward-looking statements are based upon the current expectations and beliefs of NetSuite's management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and NetSuite disclaims any obligation to update these forward-looking statements.
In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: continued adverse and unpredictable macro-economic conditions or reduced investments in on-demand applications and information technology spending and the risk of technological developments and innovations by others. For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to the Company's Quarterly Report on Form 10-Q for the period ending March 31, 2009, and any subsequently filed reports on Forms 10-K, 10-Q and 8-K. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system ("EDGAR") at www.sec.gov or NetSuite's Web site at www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.