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Contact:

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

NETSUITE WRAPS UP 2008 WITH MAJOR ACCOUNTING AWARD

Accounting Today Names NetSuite to its Top 100 Product List in the High-End and Mid-Market Accounting Category

SAN MATEO, Calif. —December 31, 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 that Accounting Today has named NetSuite to its list of the Top 100 Products for 2008 in the "High-End and Mid-Market Accounting" category. This is among the many accolades NetSuite received in 2008 in recognition of the strength of its integrated suite, which delivers enterprise resource planning (ERP) / accounting software, customer relationship management (CRM) software and Ecommerce software in a single on-demand application. For more information about NetSuite's awards, please visit www.netsuite.com/awards.

The Accounting Today award caps off a year of recognition for NetSuite's products from industry pundits and customers alike. Earlier this year, NetSuite received a perfect five-star rating in a detailed review of top financial management and accounting software products conducted by The CPA Technology Advisor magazine — marking the fourth straight year that NetSuite has received this honor. Due to its revenue growth over the last five years, NetSuite was also named to Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology (IT) companies. Meanwhile, NetSuite customers in the U.K. voted NetSuite CRM+ as "Best Enterprise Software" and NetSuite CRM as "Best Mid-Range Software" in the CRM category of Sift Media's Software Satisfaction Awards 2008.

NetSuite's Ecommerce software, which allows companies to deliver an "Amazon.com-like" experience to customers, is also garnering rave reviews. In July, Gartner placed NetSuite in the visionaries quadrant of the "Magic Quadrant for E-Commerce" report. NetSuite also won the Software & Information Industry Association (SIIA) 2008 CODiE Award in the software category for "Best Ecommerce Solution."

Accounting Today created its Top 100 list in 1992 to recognize the best software products for accountants. Accounting Today editors choose products for the list based on frequency of use, practitioner levels of acceptance, visibility, support for end users and market demand, among other criteria. To view the complete list of Accounting Today's Top100 Products, please visit http://www.webcpa.com/article.cfm?articleid=30070.

For information about NetSuite Inc., please visit www.netsuite.com.

 

NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.