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Contact:

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

SPRINT AND NETLEDGER COMBINE OFFERINGS FOR SMALL BUSINESS CUSTOMERS

 

OVERLAND PARK, KS—October 24, 2002—Sprint (NYSE: FON, PCS) and NetLedger, Inc., makers of Oracle® Small Business Suite, today announced that it will team to provide small and mid-sized businesses with Sprint FastConnect® DSL and Oracle Small Business Suite, a widely used small business management online service. The Oracle Small Business Suite name is used under license from Oracle Corporation (ORCL).

"Sprint will refer Oracle Small Business Suite to its existing Sprint FastConnect DSL customers, as well as to new purchasers of Sprint FastConnect DSL. Sprint customers and prospects will receive a significant discount on Oracle Small Business Suite when purchasing the application solution with Sprint FastConnect DSL through NetLedger.

"Oracle Small Business Suite combined with Sprint FastConnect DSL is the perfect technology solution for small businesses to run their operations much more efficiently than with other products on the market today," said Jodi Maxson, vice president of business development for NetLedger. "Our relationship has a great deal of synergy. Small businesses that are ready for a high speed connection like Sprint FastConnect DSL have consistently shown that they are ready to adopt our product."

"The availability of Sprint FastConnect DSL has changed the way small businesses compete," said Joni Lindquist, Sprint vice president of marketing for Business & Wholesale Markets. "Our offering of Oracle Small Business Suite with Sprint FastConnect DSL is another example of how we enable small companies to put the power of technology to use, simply and effectively."

The two companies will build together a variety of sales and marketing campaigns including direct mail, Web presence, and hi-tech small business seminars. Consistent with Sprint's target customer base, Oracle Small Business Suite is one completely integrated application to help small businesses manage all of their business processes from accounting and finance, sales and service, Web presence, to employee management.

The local telecommunications division of Sprint, which provides service in 18 states, offers Sprint FastConnect DSL service in approximately 400 communities in 48 major markets.

For more information about NetSuite please visit our Web site at www.netsuite.com.

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