NETSUITE AND BRENNAN PARTNER TO BRING ON-DEMAND SOFTWARE SUITES TO THE MID-MARKET IN AUSTRALIA AND NEW ZEALAND
SAN MATEO, Calif. — September 16, 2008 — NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated business management software suites for mid-market enterprises and divisions of large companies, today announced the details of a multi-million dollar OEM ( original equipment manufacturer) agreement with the Brennan Group, a leading managed hosting and mid-market solutions provider in Australia. The partnership terms call for Brennan to extend NetSuite's integrated business management software suite — which includes customer relationship management (CRM), enterprise resource planning (ERP) and Ecommerce functionality — and launch a jointly branded solution aimed at helping mid-sized businesses in Australia and New Zealand lower IT costs and optimize their business processes.
"This OEM partnership with Brennan is key to helping NetSuite build on its position in the mid-market, where trusted vendor relationships are a critical factor influencing decision-making," said Dean Mansfield, President, Worldwide Sales and Distribution at NetSuite. "In our experience, many mid-sized businesses prefer to deal with a single trusted partner that can manage the effective delivery of a complete business solution — from customization to installation and integration — with other aspects of their operations."
"We reviewed the market carefully, and NetSuite in our view is the only vendor offering a complete and integrated on-demand business management solution that includes all of the functionality mid-sized businesses need to better manage their operations," said Dave Stevens, Managing Director of Brennan. "The integrated nature of the product is a real plus for mid-sized businesses, which often do not have the budgets or resources to effectively manage and integrate data from multiple applications. This often leads to application fragmentation and an inability to efficiently automate processes from end to end across the business, compromising growth and profitability. NetSuite solves these problems. The NetSuite partnership is an integral part of our focus on business solutions."
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