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NetSuite — A Leading Silicon Valley ERP, CRM And Ecommerce Software Company — Opens Major Facility in Denver Metro Area

NetSuite CEO Zach Nelson Says Region's Highly Qualified, Highly Educated
Workforce Ideal for Expanding Company's Growth in the Western and Central Regions of the U.S.

SAN MATEO, CA and DENVER, CO — August 19, 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 its expansion in the Denver, Colorado metro area, including the opening of a new sales and services facility in the city of Centennial. The announcement came at a NetSuite-sponsored event held at the Denver Ritz Carlton and hosted by NetSuite CEO Zach Nelson for NetSuite customers, prospects, local government officials and members of the media.

"Our Denver presence is a strategic investment that we believe will accelerate our growth," said Zach Nelson, CEO of NetSuite. "The information technology sector is growing rapidly in the Greater Denver and Centennial areas, due in no small part to the region's highly qualified and educated work force. We hope to leverage this expertise and regional location to service our growing customer base in the central region with world-class sales and professional services teams."

NetSuite 's new office is located at 8000 S. Chester Street, Suite 100, in Centennial, Colorado. The office will augment NetSuite's sales and consulting teams located at its headquarters in San Mateo, California. Marc Huffman, formerly General Manager of Canadian operations for NetSuite, has been appointed General Manager for NetSuite's Denver office and will oversee all Denver area operations. NetSuite expects to have over 65 employees in the Denver office by year end, with continued expansion through 2009.

"I am so pleased to have NetSuite, a leading Silicon Valley software company, join our strong and dynamic business community in Centennial like other top employers such as Ceridian, Pitney-Bowes and TEKsystems," said Centennial Mayor Randy Pye. "Centennial and the metro Denver area are known for their highly-qualified, educated work forces and are recognised centres for expertise and growth in the information technology sector. We expect that NetSuite will be extremely successful by taking advantage of our attractive business environment."

NetSuite has a growing list of customers in Colorado from a wide range of industries, including online retail, distribution, professional services and non-profits. At NetSuite's Denver launch event today, three Denver-area based companies described how they benefit from using NetSuite to run their businesses. These customers include:

  • Imagine! — a non-profit business with approximately 650 employees serving and supporting individuals with developmental disabilities and their families throughout the greater Denver area. Imagine! uses NetSuite to manage its business — from tracking and supporting the over 2,000 consumers of its services to coordinating the 250 providers that are part of its network to giving families self-service capabilities for managing key insurance information and service authorisations.
  • RLE Technologies — a manufacturer and distributor of monitoring systems for data centres has been in business for over 23 years in the Denver area. RLE Technologies uses NetSuite for tracking its work orders through the sales process with its ever growing network of distributors, to integration with its Materials Resource Planning system, to managing its billing and financials.
  • Accuvant — offers Internet security products such as anti-virus and managed solutions to its customers, in addition to maintaining a healthy security services consulting business. Headquartered in Denver, Accuvant has over 150 employees in offices throughout the West and Central regions and uses NetSuite to manage sales, marketing and finance operations. Particularly, consulting personnel enter time and expenses that are billed to clients and the sales teams track orders for both product and services. Accuvant finds the ability to have visibility into its commissions as soon as an order is submitted particularly helpful.

For more information about NetSuite Inc., please visit www.netsuite.co.uk.

 

NOTE: NetSuite and the NetSuite logo are service-marks of NetSuite Inc. Other marks are the property of their respective owners.