SVP, Corporate Communications
Latest Accolade for Top-Ten ERP Vendor Cites Milestone Accomplishments, Competitive Disruption Caused by Company's Innovative On-Demand Technology
NetSuite Only Vendor of SaaS Business Software Suites to Receive Award
SAN MATEO, Calif.—November 18, 2009—November 18, 2009 — NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced that NetSuite has received IDC's SMB Excellence Award in the Software as a Service and Cloud Computing category for providing innovative solutions to the small and medium-sized business markets (SMB). NetSuite was the only Software as a Service (SaaS) business software suite vendor to receive the award. The global industry research leader made its selections based on suitability to the needs of SMB companies, milestone accomplishments, and the competitive disruption caused by the company's innovative on-demand technology for on-premise, legacy vendors such as Microsoft and SAP. For more information about NetSuite's industry recognition, visit www.netsuite.com/awards.
IDC recognizes NetSuite alongside household and industry-standard names such as Cisco, EMC, Verizon, AT&T, and IBM. "NetSuite continues to be a tremendous ally of the SMB market, providing top-shelf functionality to business owners with a modern business model which avoids the up-front costs that made it difficult for SMBs to implement traditional on-premise ERP systems," said Michael Fauscette, Group VP, Software Business Solutions at IDC. "NetSuite's innovative cloud computing-based ERP has paved the way for thousands of small and medium-sized companies to transform their operations while minimizing infrastructure investments."
Since launching in 1998, NetSuite has continually redefined the enterprise computing space. Its latest triumph, NetSuite OneWorld, is the first and only on-demand solution delivering real-time global business management and financial consolidation to SMBs with multinational and multi-subsidiary operations. The SuiteCloud platform enables third-party developers to quickly and easily develop robust add-ons to NetSuite functionality, and permits easy integration with legacy enterprise accounting platforms for subsidiaries or major trading partners.
The IDC SMB Excellence Award is NetSuite's latest accomplishment in a year full of accolades. This summer, Gartner Dataquest released figures showing that NetSuite has joined the ranks of North America's top ten ERP vendors by revenue. Strategic advisory service ISM Inc. recognized NetSuite and NetSuite CRM with a Top 15 CRM Small & Medium Business Software Award for 2009. Customer Interaction Solutions magazine named NetSuite CRM as a recipient of a 2009 CRM Excellence Award. Most recently, British businesses named NetSuite the top Enterprise Accounting Software vendor in Sift Media's Software Satisfaction Awards 2009. These awards validate and reinforce NetSuite's mounting importance to companies of all sizes looking for a powerful, integrated enterprise management solution.
For more information about NetSuite Inc., please visit www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are registered service-marks of NetSuite Inc.
About IDC SMB Excellence Award:
The IDC SMB Excellence Awards are granted to technology providers who in IDC's view are serving the SMB market in innovative ways, providing advanced technology capabilities to firms with fewer than 1000 employees. Nominees for the IDC SMB Excellence Award are evaluated on the basis of three key criteria: the creation of products and/or programs that specifically address the unique needs of SMBs; the business implications of these products or programs for the nominated firm; and the competitive impact of these products or programs. The award recipients are selected by IDC's SMB Research team in consultation with the IDC analysts that follow the relevant technology market associated with these products or programs. The full report is IDC#220604.
IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. To learn more about IDC, please visit www.idc.com.
NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.