Press Releases


Contact:

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

NETLEDGER CELEBRATES SWEEP OF VICTORIES

NetLedger Upstages Intuit and Peachtree with PC Magazine Editors' Choice Award, PC World Best Bet and Ziff Davis Smart Business MVP 2001 Award

San Mateo, CA—February 1, 2001—NetLedger, Inc., the leader in Web-based solutions that enable small businesses to succeed in the new economy, today announced that it has swept awards in its category from prestigious publications including PC Magazine, PC World, and Ziff Davis Smart Business (formerly PC Computing).

In its online accounting roundup PC Magazine gave accolades to NetLedger for its strong ledger, payroll, accounts-payable, and accounts-receivable modules. Additionally, NetLedger is recognized for being the first to exploit the strengths of being Web-based such as its impressive e-commerce tools for integrating users' books with an electronic storefront as well as built-in online bill payment. The full review appears online at http://www.zdnet.com/zdhelp/stories/main/0,5594,2679045,00.html and in the February 20 issue of PC Magazine.

In much the same vein, PC World ranked NetLedger as a Best Bet in the Web-based application category. The full story can be found in the February 2001 issue as well as online at http://pcworld.com/features/article.asp?aid=36743&pg=4.

NetLedger has also received the MVP 2001 Award for Web-based accounting from Ziff Davis Smart Business for the New Economy. The full coverage is featured in the January issue and online at http://www.zdnet.com/smartbusinessmag/stories/all/0,6605,2659974-4,00.html#account.

Both PC Magazine and PC World did head to head comparisons with competitive ASP offerings from Intuit and Peachtree. NetLedger received four stars from PC Magazine, while Peachtree received three and Intuit two.

"We are honored to receive unanimous acclaim from these prestigious publications," said Evan Goldberg, president and CEO of NetLedger. "The reviews show how NetLedger has leaped ahead of traditional shrink-wrap vendors in the small business accounting space, on the way to transcend the category with the addition of a full spectrum of integrated business tools."

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.