Market Shift to Cloud ERP Fuels NetSuite's Rapid Growth in the UK, APAC and the Rest of the World
SuiteWorld Event Tomorrow to Highlight Customer Wins, New Partners and New Products, Continuing NetSuite's Market Share Gains
SAN MATEO, Calif—May 13, 2013—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced that it is has been named the fastest growing financial management software vendor globally in 2012, according to the latest research on Financial Management Software (FMS) from Gartner Inc., Market Share: All Software Markets, Worldwide, 2012, published on March 29, 2013. NetSuite has been named the fastest growing financial management software vendor in North America for the last four years and in 2012, became the fastest growing vendor on a global basis, according to the leading industry analyst firm.
NetSuite demonstrated significant market share gains on many metrics according to Gartner's latest research on Financial Management Software:
"The migration to cloud ERP is in full force, not just in North America, but everywhere as NetSuite's growth and market share numbers clearly demonstrate," said Zach Nelson, CEO of NetSuite. "Thousands of businesses have seen the benefits of moving to NetSuite's agile, scalable comprehensive suite software that is easy to use and deploy. Across the world, companies are realizing they no longer need to be held back by the antiquated on-premise software of another age and NetSuite is leading them forward."
Today, more than 16,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
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