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Contact:

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

NETSUITE ONLY ASP IN 2004 TO EARN FIVE-STAR RATING FROM VARBusiness MAGAZINE

NetSuite Channel Offerings Honored For "Breadth and Depth"

SAN MATEO, CA—March 18, 2004—NetSuite, Inc., today announced that VARBusiness magazine awarded its prestigious "Five-Star" rating to NetSuite, recognising the company as one of North America's top information-technology vendors based on the breadth and depth of its channel partner programs. Among the winners for the 2004 award, NetSuite is the only application service provider (ASP) to be awarded the Five-Star rating by VARBusiness. NetSuite's award-winning product offerings include NetSuite, Oracle Small Business Suite, NetCRM and NetERP. The Oracle Small Business Suite name is used under license from Oracle Corporation (NASDAQ: ORCL). For more information on the award and NetSuite's industry-leading partner programs please go to www.netsuite.com/fivestar.

This new award follows on the heels of NetSuite being named by Gartner as the #1 Market Visionary and a Top 5 Technology Vendor in a study of software resellers in the small and midsize market (www.netsuite.com/portal/sg/pr/nlpr02-19-04.html).

Robert C. DeMarzo, VARBusiness editorial director, notes that the solution providers through whsssich NetSuite channels its products are critical to providing the proper IT strategies and IT solutions to corporations and institutions. "Through their expertise, solution providers add value to NetSuite's products, ensuring proper, cost-effective implementation of technologies needed to drive business forward," said DeMarzo.

"Pundits predicted that the software-as-service revolution would dis-intermediate the channel, but our efforts have proven them wrong," said Zach Nelson, CEO of NetSuite. "The fact that we are the only ASP to receive this award is an excellent gauge of where we stand in the mind of VARs and consultants."

"Our decision to become a NetSuite Solution Provider has greatly exceeded our expectation. The relationship is a true partnership. The people at NetSuite as well as NetSuite's product offerings provide us and our customers with unlimited potential," said Stephen Nelson, a NetSuite Solution Provider at Dallas-based Nelson & Pickens, L.C.

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

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