SAN MATEO, Calif. - February 13, 2006 - NetSuite, Inc., the leader in on-demand business software suites, today announced that Kevin Thompson has been appointed to NetSuite’s board of directors. Mr. Thompson brings nearly 20 years of corporate finance, strategic planning and executive management experience to the NetSuite board. Mr. Thompson currently serves as chief financial officer at SolarWinds, a leading provider of Windows-based network management, network monitoring and network discovery software applications. Prior to SolarWinds, Mr. Thompson was senior vice president and chief financial officer at SAS, the largest privately held software company in the world. Before that, he was chief financial officer, treasurer, and an executive vice president of Red Hat, Inc. (NASDAQ: RHT), the world’s leading provider of Linux and open source solutions to the enterprise. For more information on NetSuite’s board of directors, please visit www.netsuite.com/thompson.
“Kevin is a veteran in high-tech finance,” said Evan Goldberg, chairman, co-founder, and CTO of NetSuite. “His exceptional experience as CFO of Red Hat and extensive experience in managing financial and accounting matters for one of the first and most significant subscription software revenue businesses will be invaluable to NetSuite as we extend our leadership in on-demand business application suites.”
“NetSuite is leading the explosion in SaaS market adoption, and I look forward to bringing my industry knowledge and working with the NetSuite team,” said Thompson.
Earlier in his career, Mr. Thompson served as a partner in the Global Technology Industry Group of PricewaterhouseCoopers LLP, where he managed operations, debt and equity offerings, and mergers and acquisitions for public and private technology companies.
Named as the fastest-growing software company in the Silicon Valley by Deloitte’s 2005 Silicon Valley Technology Fast 50 study, NetSuite, Inc. is the leader in on-demand business software suites. NetSuite® enables companies to manage key business operations in a single system, which includes accounting/Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce. NetSuite is delivered as an on-demand service, so there is no expensive hardware to procure, no large, up-front license fee, and no complex set-ups. Finally, NetSuite’s patent-pending “real-time dashboard” technology provides an easy-to-use view into role-specific business information that is always up-to-date. For more information about NetSuite, visit: www.netsuite.com
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