NETSUITE CUSTOMER AWARDS HIGHLIGHT POWER OF CLOUD BUSINESS SUITES TO UNTANGLE ON-PREMISE SOFTWARE HAIRBALL
30 Leading Companies Nominated for Inaugural "Hairball Awards" in Recognition of Increased Productivity, Cost Reduction and Global Deployment
Winners to be Unveiled at SuiteCloud 2010 in San Francisco April 15
SAN MATEO, Calif. — March 25, 2010 —NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced the nominees for the first annual NetSuite Hairball Awards. The "Hairballs" are a new customer award program recognizing businesses that have achieved major cost savings and productivity gains with the aid of cloud computing. By moving to the cloud, these companies have been able to disentangle their organizations from a complex, disparate cluster of conventional, on-premise software — or as NetSuite would call it, "the hairball of applications and middleware that hinders productivity and drives up costs due to brittle integration, incompatible processes, low productivity and high maintenance costs." For more information about why companies make the switch to the NetSuite cloud, please visit www.netsuite.com/cloudsolution.
Thirty companies have been nominated in 10 categories, and the winners will be announced at SuiteCloud 2010 in San Francisco on April 15. Nominees for the Hairball Awards were chosen from among NetSuite's thousands of customers who have found success and created real value through more efficient operating practices with the NetSuite solution. They demonstrate the strong economic case for a professionally managed, tightly integrated enterprise software platform which eliminates the complexity and restrictions of multiple software products. For more information about the Hairball Awards, please visit: www.netsuite.com/SuiteCloud2010.
"The Hairball Awards are a light-hearted approach to a very serious problem facing businesses of all sizes today — the fact that literally thousands of organizations are painfully gagging on their inefficient, tangled mass of complex, expensive enterprise software systems," said Zach Nelson, CEO of NetSuite. "We recognize those who have coughed up their biggest on-premise software hairballs and are now reaping the benefits of cloud computing business management suites."
NetSuite Hairball Award Categories
The NetSuite 2010 Hairball Awards are just one more way NetSuite is redefining the enterprise software world. Gartner recently forecasted the SaaS market to have a 17.7% Compound Annual Growth Rate (CAGR) through 2013, nearly five times the total application market's 3.6% CAGR. Gartner Dataquest also recently released figures showing that NetSuite has joined the ranks of North America's top ten ERP vendors by revenue. Strategic advisory service ISM Inc. recognized NetSuite and NetSuite CRM with a Top 15 CRM Small & Medium Business Software Award for 2009. Customer Interaction Solutions magazine named NetSuite CRM as a recipient of a 2009 CRM Excellence Award. Most recently, British businesses named NetSuite the top Enterprise Accounting Software vendor in Sift Media's Software Satisfaction Awards 2009. These industry awards validate and reinforce NetSuite's mounting importance to companies looking for a powerful, integrated enterprise management cloud solution.
For more information about NetSuite Inc., please visit www.netsuite.com.
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