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Contact:

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

NETSUITE RECEIVES 2007 TMC LABS INNOVATION AWARD

NetSuite Version 2007.0 Honored for Innovation

SAN MATEO, Calif., August 14, 2007—NetSuite Inc., a vendor of on-demand, integrated business management application suites that provide ERP (Enterprise Resource Planning), CRM (Customer Relationship Management) and Ecommerce functionality for small and medium-sized businesses and divisions of large companies, announced today that Technology Marketing Corporation (TMC) named NetSuite Version 2007.0 as a 2007 TMC Labs Innovation Award winner from Customer Interaction Solutions magazine.

"NetSuite has clearly demonstrated to the staff of TMC Labs that NetSuite Version 2007.0 is truly innovative in CRM and has made significant contributions in the advancement of this industry," said Nadji Tehrani, founder and chairman of TMC, publisher of Customer Interaction Solutions. "We're proud to reward this outstanding accomplishment with a TMC Labs Innovation Award this year."

"NetSuite deserves this great honor for creating ground-breaking software. NetSuite Version 2007.0 has demonstrated raw innovation and offers unique features," added Tom Keating, CTO and TMC Labs Editorial Director. "I look forward to seeing other innovative solutions from NetSuite as they continue to contribute to the future of the CRM and call centre marketplace."

The TMC Labs Innovation Awards honor products that make significant contributions to communications technology. The TMC Labs Innovation Awards are not granted only to the best-selling products, but to those demonstrating raw innovation, uniqueness, and representing a significant contribution to the industry.