SVP, Corporate Communications
Innovative Technology Allows ISVs, VARs and SIs to Create Industry-Specific Vertical Solutions, Delivered in a Repeatable Fashion
SAN MATEO, Calif.—October 24, 2007—NetSuite Inc., a vendor of on-demand, integrated business management application suites that provide Accounting/ERP (Enterprise Resource Planning), CRM (Customer Relationship Management) and Ecommerce functionality for small and medium-sized businesses and divisions of large companies, today announced SuiteBundler, the newest and a key component of SuiteFlex, NetSuite's application development and integration platform. The new SuiteBundler tool delivers numerous technology breakthroughs that enable the creation of third-party vertical applications within NetSuite, as well as end-to-end business process customization for any end-user company.
The introduction of SuiteBundler and its ground-breaking capabilities ushers in a new concept for the rapidly growing Software as a Service (SaaS) market — "Service as Software." Just as SaaS transformed the software business in lowering total costs of ownership and ongoing maintenance, Service as Software/SuiteBundler is designed to change the face of implementation and value-added services delivery by professional consulting service partners. The introduction of SuiteBundler enables service partners to take on this business model transformation and turn their services expertise into repeatable and resellable software solutions, built and delivered on NetSuite as more complete SaaS vertical applications to meet the complex needs of today's mid-sized businesses.
NetSuite service partners have already begun to leverage the introduction of SuiteBundler to open up new vertical-focused business opportunities, serving as proof that the "Service as Software" revolution has begun. New vertical solutions for NetSuite delivered via SuiteBundler include those targeted at companies in software, media/publishing, IT resellers, agricultural equipment dealerships, seaport management, retail, electronics distribution and shipping material franchises. (Please see accompanying press release: "NetSuite Partners Introduce New Vertical Versions of NetSuite and Horizontal Extensions to Core NetSuite Functionality.")
For more information about today's announcements please visit www.netsuite.com/suitebundler
"We believe that SuiteBundler will prove to be one of the most important pieces of software written in the last decade," said Zach Nelson, CEO of NetSuite. "The ability to take a piece of custom functionality that was designed as a one-off for customization for a single customer and use it repeatably for other implementations has been the holy grail for services companies. SuiteBundler, combined with NetSuite, finally delivers on this promise, and truly enables VARs, systems integrators, and ISVs to participate in the SaaS revolution."
The Consulting Services Challenge in a SaaS World Necessitates "Service as Software" Revolution
The economics of the "old world" client/server software model — where a services provider could expect 1 to 5 times the price of the software in services revenue related to data migration, business process customization and training — simply do not convert to the lower cost annual subscription model in the new SaaS world. Customers, particularly small to mid-sized businesses, are not willing to pay for what amounts to up to 10 times their annual subscription for the same dollar amount of services. To be successful, service partners therefore have to look at a new business service delivery model and migrate from a labor-intensive delivery approach. One-off implementation services must become re-usable, re-sellable solutions and business process value-add needs to be encapsulated. Horizontal technical knowledge of how to install and tune hardware, software and databases needs to be replaced with business knowledge relevant to a client's industry. The introduction of SuiteBundler enables partners to take on this business model transformation and turn their services expertise into a repeatable software solution, built and delivered on NetSuite as complete SaaS vertical applications to meet the dynamic needs of today's mid-market businesses.
SuiteBundler: The "Service as Software" Enabler
SuiteBundler is the newest addition to NetSuite's SuiteFlex platform and delivers a myriad of innovative features that serve to enable the "Service as Software" revolution. Vertical solutions, add-on applications, end-to-end business process customizations, and integration solutions developed using the other components of SuiteFlex — such as SuiteBuilder, SuiteScript and SuiteTalk — can now be packaged together to create a SuiteBundle, which can in turn be repeatedly installed by customers at the click of a button. SuiteBundler includes:
New Vertical & Value-Add Solutions Delivered via SuiteBundler
NetSuite and its partners have embraced the Service as Software revolution by introducing many vertical solutions spanning a spectrum of markets including:
Additionally, NetSuite solution providers are leveraging SuiteBundler to deliver valuable add-ons to core NetSuite functionality in the areas of:
Pricing and Availability:
Available now, complete SuiteBundler capabilities to create, share and install SuiteBundles are included in NetSuite CRM, NetSuite CRM+ and NetSuite at no additional charge. NetSuite Small Business includes the ability to install SuiteBundles, but not create or share them.
NetSuite Inc. is a leading vendor of on-demand, integrated business management application suites for small and medium-sized businesses. NetSuite enables companies to manage core key 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.
NOTE: NetSuite, the NetSuite logo, SuiteFlex, and SuiteBundler are registered service-marks or trademarks of NetSuite, Inc.