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Contact:

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

NETLEDGER AND RED GORILLA TO DELIVER POWERFUL, INTEGRATED, WEB-BASED TIME TRACKING, INVOICING AND ACCOUNTING SOLUTIONS

 

San Mateo, CA—April 18, 2000—NetLedger, Inc., the gateway to e-commerce and world's first provider of a Web-based accounting solution for millions of small businesses, today announced it has formed an alliance with Red Gorilla, the Application Syndication Company™, to bring a more complete business solution to millions of small businesses and independent consultants throughout the United States.

Under the terms of the agreement, Red Gorilla's time tracking and invoicing service (TT&I) will be integrated with NetLedger's online accounting platform, bringing to the two companies' customers a back-office suite of seamlessly integrated accounting, time tracking and invoicing solutions with enhanced features, broader capabilities and superior functionality.

As a result of the integration, Red Gorilla's customers can opt in NetLedger's accounting solution. Similarly, NetLedger's customers can choose to use Red Gorilla's time tracking and invoicing service. The seamless integration between the two companies' solutions will enable all users to enter data using one function and have it automatically reflected across all service offerings as appropriate, thereby saving time and relieving users from tedious, labor-intensive data entry.

"I am very excited about our alliance with Red Gorilla which offers a time tracking and invoicing application accessible via three mobile computing platforms, the Web, Palm™, and cell phones," said Bill Mirbach, president and CEO of NetLedger, Inc. "Partnership with such an industry innovator adds great value to NetLedger's small business accounting solution."

"We selected NetLedger because we share the same goals of delivering business management solutions that are easy to use and convenient," said John Witchel, Red Gorilla founder and CEO. "Our partnership with NetLedger exemplifies both companies' commitment to helping businesses to grow and flourish."

Jodi Maxson, vice president of Business Development for NetLedger, Inc., concluded, "Full integration of the NetLedger accounting solution with Red Gorilla's time tracking and invoicing solution brings the most complementary one-stop business management tool to small businesses. The elimination of double data-entry enabled by this integration saves significant time and labor for small businesses."

About Red Gorilla
Red Gorilla syndicates high-quality Web-based and wireless end-user applications to the Media Metrix 500 and other high-traffic Web sites. Red Gorilla's commitment to a private-label product line enables partners to instantaneously enhance their properties with sophisticated, high-utility, revenue-generating applications. Red Gorilla's first product, Gorilla Time, is the world's first time tracking and invoicing application fully accessible via the Web, Palm™ and cell phone. Gorilla Time is designed for small professional service firms, independent consultants, freelancers, and moonlighters who need a simple, fast billing solution that doesn't require expensive software and constant upgrades. With Gorilla Time, a Web browser and computer are all you need to track time and expenses, create sophisticated reports and produce professional invoices. Invoicing is as simple as clicking "send" for delivery by e-mail, fax, regular, certified or express mail. Gorilla Time was created to reduce an administrative burden and enhance productivity so small companies and independent professionals can focus on their business. For more information about Red Gorilla, visit our Web site at http://www.redgorilla.com.

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

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