ORACLE TARGETS SMALL BUSINESS MARKET WITH ORACLE SMALL BUSINESS SUITE
New Suite Provides a Low Cost, Easy-to-Use Integrated Online Application Service for Companies With 100 Employees or Less
Redwood Shores, CA—June 26, 2001—Oracle Corp. (Nasdaq:
ORCL), the largest provider of software for e-business,
today unveiled a new suite of online services aimed
at the small business market. This new suite, called
the Oracle Small Business Suite, is powered by NetLedger,
and provides small companies, with typically less than
100 employees, an integrated, easy-to-use suite of online
application services that manage key business processes,
including financials, customer relationship management,
purchasing, and e-commerce. The Oracle Small Business
Suite is available immediately at an introductory price
of $99 per month. The new service is available through
Oracle.com, Oracle's online services business, extending
Oracle's online service business to all market segments
In the United States alone, there are more than 8 million
small businesses, each with annual revenues of less
than 10 million dollars per year. For those small businesses,
the Oracle Small Business Suite provides a completely
integrated suite of business applications. And, because
the applications are being delivered as an online service,
there is no hardware to procure, no large, up-front
license fees, and no complex set-ups. Customers can
be up and running on the Oracle Small Business Suite
in a matter of minutes
The Oracle Small Business
The Oracle Small Business Suite, is built from the ground
up as an online service and helps companies manage key
business operations such as customer relationship management,
orders, purchases, inventory and payroll in a single,
integrated system. Small companies no longer need to
use several disparate applications to manage their business.
With the Oracle Small Business Suite, all operations
are managed centrally, and are available to users via
Oracle Small Business Suite is powered by NetLedger,
which has already won many prestigious industry awards,
such as PC Magazine,Editors' Choice 2001; PC World,
Best Bets 2001; PC World, 2001 World Class Award; Ziff
Davis' Smart Business, MVPs 2001; and Forbes.com's,
Best of the Web.
"While small businesses are looking to gain the same
efficiencies as large business, traditional enterprise
applications have been too expensive and complex to
implement," said Mark Jarvis, senior vice president
and chief marketing officer, Oracle Corporation. "With
the Oracle Small Business Suite, companies can now take
advantage of an integrated suite of applications, without
the traditional barriers to enterprise applications.
The addition of NetLedger's online service to Oracle's
online services business will allow Oracle to provide
complete business systems to all businesses, from startups
to the Fortune 500."
"This is a big win for NetLedger and NetLedger's
customers," said Evan Goldberg, president and CEO
of NetLedger, Inc. "Oracle shares with us a powerful
idea - that businesses can save time and money by using
integrated suites to run their business. This new partnership
will deliver these benefits to a wider audience of small
businesses than NetLedger can reach alone. Ultimately,
because small businesses and big businesses do business
with each other, the partnership presents an unprecedented
opportunity to create a platform for all businesses
to streamline their operations using the Internet."
Pricing and Availability
The Oracle Small Business Suite is available immediately,
via smallbusiness.oracle.com, or by calling 1-800-SmallBiz.
Prospective users can sign up for a free 14-day trial
and then sign on at an introductory price of $99 per
month. Additional users seats can be purchased, for
$2 to 20 per user per month, depending on the application.
Currently the Oracle Small Business Suite is available
in English, and supports US and Canadian tax requirements.
Future versions are planned to support global users.
Oracle provides the software that powers the Internet.
For more information, please call the Oracle Media
Relations Hotline at 650/506-4176.
For more information about NetSuite please visit our
Web site at www.netsuite.com.
Oracle is a registered trademark of Oracle Corporation
and/or its affiliates.