Press Releases


Contact:

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

NETLEDGER APPOINTS STEPHEN WOLFE TO VICE PRESIDENT OF PRODUCT MANAGEMENT

SAN MATEO, CA.—October 3, 2000—NetLedger, Inc., the leading application service provider (ASP) that enables small businesses to succeed in the new economy, today announced the appointment of Stephen Wolfe to Vice President of Product Management.

As Vice President of Product Management, Stephen Wolfe is responsible for NetLedger's overall product strategy while leading the product management team in initiating, developing and implementing product plans. Stephen began his tenure at NetLedger as Director of Product Management. In that role, he developed product strategies and built the product management team. More importantly, he played a crucial role in launching four versions of NetLedger™ successfully.

Most recently, he was a director of product management at Peachtree Software, where he successfully developed and executed plans for multiple products including One-Write Plus, Peachtree First Accounting and Peachtree 2000. Stephen has also held product management positions at NEBS Software, MECA Software and Great American Software.

"I am pleased to welcome Stephen to the executive team," said Evan Goldberg, president and chief executive officer of NetLedger, Inc. "Stephen brings to NetLedger more than a decade of experience in the accounting software industry. His proven success in launching several versions of NetLedger and his skills in leading the product team attest to his value as an executive team member as we grow into a successful company."

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

###

Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates.