Contact:
Mei Li
Phone: 650.627.1063
E-mail: meili@netsuite.com
NetSuite, Inc.
NetLedger Expands Work Force by 80% and Adds Four New
Sales Locations
SAN MATEO, CA, March 27, 2003 - NetLedger, Inc., makers
of Oracle® Small Business Suite, today announced
it has expanded its workforce by 80 percent since a
year ago and opened four new sales locations to accommodate
growing demand for its product offerings including NetCRMT,
NetSuiteT, and Oracle Small Business Suite. The Oracle
Small Business Suite name is used under license from
Oracle Corporation (NASDAQ: ORCL).
Despite a sluggish economic environment, NetLedger
has seen five-fold growth in revenues over the past
six months. To meet the demand for the company's product
offerings, positions have been created in all areas
of the company, with a focus on the direct and channel
sales. As part of the expansion, four new sales locations
have been opened in New York, Seattle, South Carolina,
and Chicago.
"We are growing our team to meet the increasing demand
for our products," said Zach Nelson, president and CEO
of NetLedger. "When I look at all the reasons why this
company is succeeding - the cost savings offered by
our Web-based model, the broad functionality of our
products, and the short implementation time - it is
no surprise that we are bucking the trend during this
down economy."
For more information about NetSuite please visit our
Web site at www.netsuite.com.
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