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

NETLEDGER NAMES ANDREW DANIELS DIRECTOR OF SECURITY

San Mateo, CA—May 31, 2000—NetLedger, Inc., the breakthrough application service provider (ASP) that allows millions to run their small businesses totally online, announced today announced the appointment of Andrew Daniels as Director of Security, overseeing all network, system, detection and physical security for the company.

Daniels began at NetLedger as manager of operations in October 1999. In that role, he was responsible for all UNIX system operations, and the set-up and management of NetLedger application hardware. To manage the company's rapid customer growth, Daniels became one of the key drivers in the launch of NetLedger's groundbreaking, consolidated data center, one of the world's largest deployment of Oracle on Linux.

Daniels joined NetLedger from Taos Mountain Inc., a Unix/NT consulting firm, where he was senior system & network administrator. There he played a key role in the network and system design, development, implementation and support of several highly visible Fortune 500 companies including Levi Strauss & Company, Logitech, Eckerd Pharmacy, E-Offering, and Walgreens Co.

Before Taos Mountain, Daniels was a senior technical specialist with Kemper National Insurance Company, where he spearheaded the design of a 10,000-user base UNIX/NT network. He also led the technical team working on projects including, troubleshooting the interface, and identifying and rectifying security problems.

Daniels began his career as computer support specialist at Indiana University where he received credits for taking formal educational classes on Network Forensics and Intrusion Detection, as well as Security Administration and Deployment. He is a member of the North American Network Operations Group (NANOG), System Administration, Network and Security, Advanced Computing Systems Association, and System Administrators Guild (SAGE). Daniels is also a published author for Windows® 2000 DNS by New Riders Publishing.

"Security and privacy are already key issues on the Internet and our users' commitment to running their businesses totally online will only amplify them," said Bill Mirbach, president and chief executive officer of NetLedger, Inc. "The appointment of Andrew Daniels exemplifies NetLedger's commitment to achieving the highest security and privacy standards on the Internet. Along with his excellent technical skills, Andrew Daniels has good personal contacts in the technology community."

"I am very impressed by Andrew's experience and expertise in the security and privacy arena," said Dave Durkee, chief information officer of NetLedger, Inc. "As CIO of this company, I am pleased to have Andrew play this crucial role in my team."

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

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