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

NETLEDGER NAMES NEW SALES EXECUTIVE

Pat Ripepi Joins NetLedger From Computer Associates/ACCPAC

SAN MATEO, Calif.,—June 20, 2002—NetLedger, Inc. today announced another major step in its aggressive move into channel sales by bringing on board Pat Ripepi as Vice President of Indirect Sales. Ripepi joins NetLedger from Computer Associates/ACCPAC International, where she served as Vice President of Partner Sales for more than three years. While at ACCPAC, she developed and executed strategic sales plans that led to the successful acquisition of new channel partners and improved performance of existing partners, and significantly grew the company's customer base. At NetLedger, Ripepi will lead the company's new overall channel sales initiative to further increase the sales of its award-winning products.

Ripepi brings to NetLedger extensive experience spanning more than 23 years in channel development and sales for high-tech companies. Prior to Computer Associates/ACCPAC International, Ripepi was Director of Sales with Visioneer, where she successfully grew the company's software sales by building a high-impact sales team. She also served as Vice President of Sales with UMAX Computer Corporation, where her leadership produced significant growth in channel revenues for the first sales year. Ripepi has also held executive positions in sales and marketing with Radius, SuperMac, NYNEX, and Digital Equipment Corporation.

Ripepi holds a Doctorate of Education (ABD) and Masters Degree in Mathematics Education from Temple University in Philadelphia and a B.S. degree in Mathematics from West Chester State University.

"I am very excited to have Pat as part of the management team," said Evan Goldberg, president and CEO of NetLedger. "Her proven success and extensive experience will take our sales to the next level."

"NetLedger's technology is ground-breaking because it is one complete and integrated application to run an entire business," said Ripepi. "Value-Added Resellers who specialise in helping small and mid-size companies better manager their business processes will clearly be attracted to our unique solution and our VAR program opportunities."

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