LEADING INDUSTRY ANALYST FIRM POSITIONS NETSUITE IN VISIONARIES QUADRANT IN 2010 ECOMMERCE MAGIC QUADRANT
Evaluation Based on Completeness of Vision and Ability to Execute
SAN MATEO, Calif.—June 3, 2010—NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced that it has been positioned by Gartner, Inc. in the visionaries quadrant of the "Magic Quadrant for E-Commerce" report (ID Number: G00174404) published on May 18, 2010 and authored by Gene Alvarez. NetSuite Ecommerce offers etailers one system to run their core ecommerce operations from online marketing, customer service, Web analytics to shopping cart, shipping and inventory management. For more information about NetSuite Ecommerce, please visit www.netsuite.com/ecommerce.
According to Gartner: "Visionaries apply an innovative, market-leading and forward-thinking or disruptive approach to ecommerce. Because of this, they also have smaller market shares. New entrants with exceptional technology may appear in this quadrant early, after their general availability release; typically, however, unique or exceptional technology will emerge in this quadrant after several quarters of general availability."
"This quadrant is often populated by new entrants that have new architectures and functionality, or deployment models such as SaaS that haven't garnered a large portion of the market. However, established technology providers that offer new functionality that isn't found in any other provider's offerings also can be located in this quadrant."
"Visionaries can meet customers' production requirements and general availability of at least one year, which indicates that they are more than just startups with good ideas. Technology providers in this quadrant must demonstrate customers in production, proving the value of the new functionality and architecture. Frequently, visionaries will drive leaders toward new concepts and engineering enhancements."
"We believe our appearance in the Visionaries Quadrant by Gartner confirms that NetSuite is rewriting the rules of Ecommerce," said Mini Peiris, VP of Product Marketing at NetSuite. "NetSuite Ecommerce offers etailers a comprehensive system that incorporates not only the shopping cart, but Web analytics, online marketing, customer self-service, inventory management, complex pricing, product catalog and shipping integration. NetSuite allows etailers to focus on serving their shoppers and refining their sales and marketing efforts instead of worrying about software."
Thousands of companies around the globe have standardised their ecommerce operations on NetSuite for their core business operations — from orders and fulfilment, to inventory and warehouse management, to Google Keyword-to-Purchase tracking and search engine optimisation, to email marketing campaigns and multi-channel selling. Additionally, NetSuite gives companies a customisable solution for managing complex ecommerce sites for global organisations with multiple subsidiaries, currencies, and websites. NetSuite's depth of advanced capabilities in business process customisation helps larger, more complex businesses meet their industry-specific requirements. Other ecommerce features NetSuite offers include scriptable checkout, full social media integration, end-to-end search engine marketing capabilities, and integration with the world's leading Ecommerce payment platforms, including PayPal and Google Checkout.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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