NetSuite CEO Zach Nelson Says Region's Highly Qualified, Highly Educated
SAN MATEO, CA and DENVER, CO — August 19, 2008 — NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated business management software suites for mid-market enterprises and divisions of large companies, today announced the details of its expansion in the Denver, Colorado metro area, including the opening of a new sales and services facility in the city of Centennial. The announcement came at a NetSuite-sponsored event held at the Denver Ritz Carlton and hosted by NetSuite CEO Zach Nelson for NetSuite customers, prospects, local government officials and members of the media.
"Our Denver presence is a strategic investment that we believe will accelerate our growth," said Zach Nelson, CEO of NetSuite. "The information technology sector is growing rapidly in the Greater Denver and Centennial areas, due in no small part to the region's highly qualified and educated work force. We hope to leverage this expertise and regional location to service our growing customer base in the central region with world-class sales and professional services teams."
NetSuite 's new office is located at 8000 S. Chester Street, Suite 100, in Centennial, Colorado. The office will augment NetSuite's sales and consulting teams located at its headquarters in San Mateo, California. Marc Huffman, formerly General Manager of Canadian operations for NetSuite, has been appointed General Manager for NetSuite's Denver office and will oversee all Denver area operations. NetSuite expects to have over 65 employees in the Denver office by year end, with continued expansion through 2009.
"I am so pleased to have NetSuite, a leading Silicon Valley software company, join our strong and dynamic business community in Centennial like other top employers such as Ceridian, Pitney-Bowes and TEKsystems," said Centennial Mayor Randy Pye. "Centennial and the metro Denver area are known for their highly-qualified, educated work forces and are recognized centers for expertise and growth in the information technology sector. We expect that NetSuite will be extremely successful by taking advantage of our attractive business environment."
NetSuite has a growing list of customers in Colorado from a wide range of industries, including online retail, distribution, professional services and non-profits. At NetSuite's Denver launch event today, three Denver-area based companies described how they benefit from using NetSuite to run their businesses. These customers include:
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