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Contact:

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

BIGSTEP.COM PARTNERS WITH PREMIER WEB-BASED ACCOUNTING SOLUTION NETLEDGER

 

Bigstep.com Partners with Premier Web-Based Accounting Solution NetLedger

San Mateo, Calif—April 24, 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 a co-brand partnership with Bigstep.com, an e-business services company that is taking a leading role in bringing small businesses to the Web. NetLedger will provide Bigstep.com's customers with direct access to its easy-to-use, feature-rich Web-based accounting solution as a critical back-end service on Bigstep.com's eCommerce application platform. As part of the agreement, Bigstep.com is building a co-branded service where NetLedger's members can take full advantage of Bigstep.com's free, integrated services.

As a result of the reciprocal partnership, NetLedger will reach out to an expanded distribution channel: click-and-mortars going online and e-business start-ups. Bigstep.com's wide customer base of small business members use its e-business solution to build and manage Web sites, conduct secure eCommerce transactions, send personalized email newsletters, receive detailed reports, market

"NetLedger and Bigstep.com are both committed to providing small businesses with a full spectrum of services that allow them to compete in today's global e-commerce marketplace," said Bill Mirbach, president and chief executive officer of NetLedger. "We view this agreement not only as an opportunity to extend NetLedger's reach but also as a means of providing value-added services to both NetLedger's and Bigstep.com's customer "

As an online application service provider (ASP), NetLedger makes it easy to manage a business' finances anytime, anywhere from any Internet-ready computer. Based on the Oracle 8i® database, NetLedger delivers the power, reliability and security of an enterprise-level accounting solution, combined with the ease of use of a small-business-accounting package. Its feature-rich services enable small businesses to quickly and easily do everything from managing accounts receivable to writing

"Small businesses look to Bigstep.com as an ebusiness partner for end-to-end solutions," said Andrew Beebe, CEO of Bigstep.com. "We are excited to partner with NetLedger who shares a common goal to offer smart, efficient and time-saving tools for the small business "

About Bigstep.com. Bigstep.com is an e-business services company leading the movement of small businesses to the Web. Bigstep.com is a free, do-it-yourself, online service center where small businesses can build a business Web site, communicate with customers, market the site, accept credit cards, track visitors, and more. Based in San Francisco, Bigstep.com has won PC Magazine's Editor's Choice Award, Home Office Computing's Gold Award, Computer Current's Annual Reader's Choice Award, PC Computing's MVP Finalist Award, and has been named one of the Top 50 Private Companies by Red Herring magazine. The company is privately-held and funded by Worldview Technology Partners, InterWest Partners, Cardservice International, Compaq Computers, Office Depot, US Venture Partners, Mayfield Fund, The Washington Post Company, Angel Investors, LP, Partech International, Draper Richards, Argus Capital, Staenberg Private Capital and private investors.

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

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