Press Releases


Contact:

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

NETLEDGER EXPANDS VERTICAL MARKET SOLUTIONS THROUGH EASY INTEGRATION WITH THIRD PARTIES

 

Redwood Shores, CA—Partnering for Profit Conference—April 29, 2003—NetLedger, Inc., makers of Oracle® Small Business Suite, today announced integration partnerships with leading vertical industry software providers targeting markets including biotech, agriculture, residential sales and construction, document management, and electronic data interchange (EDI). These relationships extend NetLedger's integrated ERP/CRM application suite to meet the specific needs of unique industries with a pay-as-you-go utility software model. The announcement was made today at the company's second annual partner conference. The Oracle Small Business Suite name is used under license from Oracle Corporation (NASDAQ: ORCL).

"Nine months ago, NetLedger created a program to enable partners to share in our rapid growth. To do this, we opened our business model and technology architecture to enable third-parties to leverage the wide-acceptance of NetSuite," said Zach Nelson, president and CEO of NetLedger. "These new partnerships allow us to continue making NetSuite the world's strongest integrated ERP/CRM solution, while enabling industry experts to extend NetSuite for the specific needs of vertical markets."

Delivered as online services, NetLedger's NetSuite enables companies to manage all key business processes in a single, integrated system. There is no hardware to procure, no large, up-front license fee, no maintenance fees associated with hardware or software, and no complex set-ups.

In 2000, NetLedger announced first XML standard specifically for the small to medium businesses: smbXML. This standard allows NetLedger and other business applications to exchange information in a common language, thus seamlessly integrating their products to deliver greatly enhanced business solutions. Both in-house applications developed by customers and commercial software applications from 3rd parties can exchange real-time information securely over the Internet with NetSuite and NetLedger's other product offerings.

Leveraging smbXML, NetLedger's award-winning NetSuite will be integrated with other industry specific solutions and will be available to the following vertical markets:

  • Agriculture - NetLedger has partnered with Ryburn, Inc. based in Salinas, Calif., a leading provider of technology in the agricultural vertical market. Ryburn's extensive solutions are widely used in the agricultural market and include specific produce inventory management technology, cooler and logistics management, electronic control systems, Electronic Data Interchange/XML integration, and Satellite Systems installations (Internet-based) with over 23 commercial satellite installations in North America, including Mexico. Together, NetLedger and Ryburn provide the most powerful and robust Web-based business management application services tailored to the agricultural industry.
  • Residential Sales and Construction - NetLedger has partnered with BuildTopia, located in Rockville, Md. to deliver a completely integrated business management solution to residential builders. BuildTopia provides an online, real-time, integrated system allowing builders to coordinate business processes and manage projects on the Internet, and also allows them to coordinate processes and communications with vendors, subcontractors, architects, engineers, superintendents, sales staff, leads, prospects and homebuyers.
  • EDI - NetLedger has entered the EDI market by partnering with Shannon Systems LLC based in Braintree, Mass. Shannon Systems provides EDI and E-Commerce services to end user organisations. Its flagship product, B2BGateway.org provides organisations with a simple and cost effective way of developing an e-commerce solution. Through this integration, NetLedger and Shannon Systems allow NetSuite users to conduct business in real-time with the world's largest retailers and wholesalers.
  • Document Management - NetLedger has teamed up with Carlsbad, Calif.-based Document Sciences Corporation (Nasdaq: DOCX), which delivers real-time, interactive content processing services that content-driven organisations depend on to realise productivity benefits, cut costs, and increase competitiveness. Approximately 650 customers worldwide use Document Sciences products in insurance, banking and financial services, managed-care, telecommunications, utilities and commercial print service bureaus. Customers include more than 60 Fortune 500 companies.
  • Biotech - NetLedger has formed an alliance with LifeSci Technologies, located in San Clemente, Calif., a leading supplier of information technology based solutions to healthcare and life sciences companies. LifeSci Technologies designs and deploys key software infrastructure for science and regulatory compliance solutions. The areas of science supported range from Bioinformatics, Cheminformatics, Proteomics, and Clinical trials to 21 CFR Part 11 and HIPAA compliance, meeting the unique needs of each organisation, enabling them to gain a competitive advantage in their chosen markets. Combined with LifeSci Technologies' expertise, NetSuite can be customised and extended to meet the needs of the biotech vertical market.

 

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

###

Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates.