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

NETSUITE EXPANDS OPERATIONS IN AUSTRALIA ADDING NEW OFFICE IN MELBOURNE

Growing Demand for NetSuite's Cloud Suites Fuels Company's Expansion

Sydney—24February, 2011—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the opening of a new office in Melbourne. The new office provides sales, support and services to meet the growing demand for NetSuite's cloud solutions in Victoria and South Australia, for customers such as BearingPoint, the Seaga Group, Energy Matters and Primavera.

A long-time NetSuite sales executive, Rick Lanman, will spearhead the business operations for the new office. Bringing his 15 years of experience in IT sales, Lanman is charged with driving the sales strategy and execution and building further momentum in the Victorian and South Australian markets.

Mark Troselj, APAC Managing Director of NetSuite, said: "Our growth in Victoria has reached a level of momentum which enables us to establish a direct presence in Melbourne and dedicate resources to supporting our customers and partners."

A leader in cloud computing, NetSuite has established the worldwide credentials to lead the charge. According to a market share report published in April 2010 by Gartner, from 2007 to 2009 NetSuite grew market share by more than 83 percent in Australia, complementing gains of 80 percent in North America and nearly 90 percent in the UK. According to the Gartner report, NetSuite grew market share faster than any other ERP vendor amongst top 10 financial management solutions across North America and in key APAC and European markets.

NetSuite's customer base in Australia has grown substantially, with the company recently celebrating the signing of its 500th customer. Its customers range from wholesale and distribution, manufacturing, professional services, retail and e-tail businesses. The adoption of NetSuite's integrated ERP, CRM and Ecommerce business suite by companies of all sizes is testament to the flexibility, scalability and ease of use.

NetSuite's new office is located at 1 Queens Road, Melbourne VIC 3004. The NetSuite APAC management team will be hosting a networking event for existing NetSuite customers and prospects in the region, as well as businesses that want to learn about the cloud on 2 March at The Point @ Albert Park. For details on the event, please send an email to ddcotta@netsuite.com or call +61 2 9464 6100.

About NetSuite
NetSuite Inc. is the industry's leading provider of cloud-based financials/ERP software suites. NetSuite enables companies to manage core key business operations in a single system, which includes ERP, accounting, customer relationship management (CRM) and Ecommerce. NetSuite's "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information.

NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.

 


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