NETSUITE DOUBLING WORKFORCE IN 2004
Rapid Growth Fuels Expansion
San Mateo, CA - January 22, 2004 - NetSuite, Inc., today announced the most
rapid expansion the company has ever seen since its founding in 1998. To accommodate
a growing demand for its award-winning product offerings including NetSuite and
Oracle Small Business Suite, the company will more than double its workforce
worldwide in 2004. With more than 7,000 customers in the US, Europe and Asia,
NetSuite is the leading provider of integrated online CRM/ERP application software
for small and mid-sized businesses. The Oracle Small Business Suite name is used
under license from Oracle Corporation (NASDAQ: ORCL).
In 2003, NetSuite grew its sales by more than 300%, making it the fastest growing
major application service provider in the world. In 2004, the company will substantially
augment its service, sales and development organizations to continue to meet
the demands of enterprises large and small. The company will also expand its
presence outside the United States, adding to it European and Asian operations
in 2004.
NetSuite enables companies to manage all key business operations in a single,
integrated system, which includes customer relationship management; order fulfillment,
inventory, finance and product assembly; e-commerce and Web site management;
and employee productivity. In addition, NetSuite is delivered as an online service,
so there is no hardware to procure, no large, up-front license fee, and no complex
set-ups.
For more information about NetSuite visit www.netsuite.com.
Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates.
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