SVP, Corporate Communications
NetSuite Only On-Demand Business Software Suite to Make Computer Business Review List
San Mateo, Calif. and LONDON—August 16, 2006—NetSuite, Inc., the leader in on-demand business software suites, announced today that UK-based Computer Business Review Magazine ranked NetSuite one of the "10 Most Influential Enterprise Applications." This accolade adds to a growing list of awards and honors NetSuite has won this year, including the Hottest Overseas Tech Prospect of the Year announced at the UK Technology Innovation & Growth Conference. Named the fastest-growing software company in Silicon Valley by Deloitte and ranked the No. 1 fastest-growing software company by Inc. 500, NetSuite is the largest provider of on-demand business software suites to small and mid-sized businesses in the world. For more information about NetSuite awards, please visit www.netsuite.com/awards.
NetSuite was created to give SMBs the power of an integrated enterprise application such as SAP without the pain, cost and complexity. Historically, small and mid-sized companies have had to operate separate software packages to run their businesses – one for accounting, one for sales force automation, one for customer support and service, one for marketing, and one for warehousing. Even though software vendors try to integrate their stand-alone offerings with other point solutions using APIs and Web services, the patchwork approach can be integrated, at best, only on a rudimentary level. SMBs are now undertaking the same business application transition that Fortune 1000 companies have recently completed by moving from cobbled-together, stand-alone software solutions to an integrated suite to manage core business operations.
Computer Business Review recognized NetSuite's strength by saying "NetSuite is another influential vendor in the on-demand segment through its integrated on-demand application suite. SMBs have had a rough deal to date: forced to adopt a best-of-breed strategy because of the lack of integrated alternatives, despite being the least well equipped to deal with the complexity of application integration. NetSuite is finally starting to play to its advantages as one of only a handful of vendors who can offer an integrated suite built for the SMB market and the only one offering it on-demand." For the full story visit http://www.cbronline.com/
"It is an honor to receive this award from Computer Business Review," Zach Nelson CEO of NetSuite. "This recognition validates our goal from the very beginning – to deliver an on-demand integrated suite to SMBs around the globe."