NetSuite

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NetSuite Inc.
Type Public (NYSE: N)
Founded California (1998)
Headquarters San Mateo, California, U.S.
Key people Lawrence (Larry) J. Ellison,
Zachary (Zach) Nelson (CEO),
Evan M. Goldberg (Chairman/CTO)
Industry Computer software
Products NetSuite
NetCRM
NetCRM+
SuiteFlex
NetERP
NetSuite Small Business
NetCommerce
Revenue ▲ US$67.2 million (2006)[1]
Operating income ▲ (US$34,99) million (2006)[1]
Net income ▲ (US$35,7) million (2006)[1]
Employees 603 (September 30, 2007)[1]

NetSuite Inc. (NYSE: N) is a company that offers Software as a Service (SaaS) for small to medium enterprises. NetSuite was originally named NetLedger by its founders Larry Ellison and his protege Evan Goldberg.[2]

Contents

[edit] History

NetSuite’s hosted online business software programs include accounting, customer relationship management (CRM), enterprise resource planning (ERP) software, e-commerce and Web site development.

Evan Goldberg, chairman and chief technology officer, founded the company with the financial backing of Lawrence J. Ellison, founder and chief executive officer of Oracle Corp. Other initial investors were StarVest Partners and UBS PaineWebber.

The initial iteration was marketed as NetLedger then Oracle Small Business Suite.[2]

NetSuite has grown to about 600 employees and has offices in California as well as in the United Kingdom, Canada, the Philippines, Japan, Singapore, Hong Kong and Australia.

In 2007, NetSuite filed for an IPO on the NYSE.[3]

[edit] Products

NetSuite has released NetSuite 2007.0 as its base service with NetSuite, NetSuite Small Business, NetSuite CRM, NetSuite CRM+, SuiteFlex, NetERP and NetCommerce as other integratable services. In April 2008 NetSuite introduced OneWorld, the first and only on-demand system to deliver global business management and financial consolidation capabilities to mid-market companies. With NetSuite OneWorld, multi-national organizations can manage companies with multiple subsidiaries, business units and legal entities from a single NetSuite account, seamlessly handling different currencies, taxation rules, and reporting requirements. Individual users at the local level get an application in their language and can transact in the local currency with local taxes and financial compliance fully enforced.

[edit] Features

NetSuite is an application covering business functions such as CRM, ERP, ecommerce, customer support, accounting, sales force automation, partner relationship management, inventory management, and marketing automation. Each of these also includes groups calendaring and tasking functions.

[edit] Supported Countries

Most countries in the world seem supported by NetSuite. 12 languages are available.

Country specific features:

UK: VAT 100 report, UK settlement discount, full support of VAT.

Australia: Business Activity Statement, Australia tax code list, full support of GST.

Canada: GST34 report, full support of GST/PST.

Japan: application in Japanese

[edit] See also

[edit] References

  1. ^ a b c d NetSuite Inc. (2007-12-19). NetSuite IPO prospectus. Retrieved on 2008-01-11.
  2. ^ a b Turner, Rob (2005-02-01). "Larry's Kids". Inc. Magazine. 
  3. ^ Kawamoto, Dawn (2007-07-02). NetSuite files for IPO. CNET News.com. Retrieved on 2008-01-07.

[edit] External links

Languages