Netsuite Eyes On-Demand In Australasia
Netsuite Eyes Huge Opportunity For On-Demand In Australasia; Expands Operations In New Zealand And Australian Markets
Leading Provider of SaaS Business Management Software Suites for ERP, CRM and Ecommerce Grows Regional Footprint to Support Rapid Growth
Latest Customer Wins—Carbon Planet,
EcoNova, Netcat, Healthinc—Signal SaaS Applications Are
Top Choice for Fast-Growing, Mid-Market Companies
SYDNEY, 17 September 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
NetSuite’s expansion in Australia and the introduction of
NetSuite OneWorld to the Australian and New Zealand markets
(please see accompanying press release). NetSuite also
announced several of its latest customer wins in the region,
including up-and-coming Australian businesses such as Carbon
Planet, EcoNova, Netcat and Healthinc.
NetSuite Australia, established in April 2007, has experienced exponential growth in the region fueled by the growing adoption of Software as a Service (SaaS). According to Springboard Research, Australia is the largest and most mature SaaS market in the Asia-Pacific region. Springboard estimates that Asia-Pacific SaaS revenues will grow from US$274 million in 2007 to around US$1.8 billion by 2011. The industry analyst firm Gartner estimates the Asia-Pacific SaaS market is growing twice as fast as the market for traditional on-premise applications.
“The growing demand among businesses in Australia and New Zealand for on-demand business management software is fuelling our local growth,” said Zach Nelson, CEO of NetSuite. “We see huge potential for our offering in this region as NetSuite’s on-demand solutions provide a cost-effective yet powerful way for Australian and New Zealand businesses to manage their entire operations with one integrated product.”
In addition to office and employee expansion in the region, NetSuite is also growing its distribution partner network. NetSuite recently signed a multi-million dollar OEM agreement with solutions provider Brennan to provide mid-sized Australian companies with NetSuite’s integrated business management software. NetSuite’s other Australian partner is NetReturn, which offers a popular ERP / accounting solution for small businesses in the Australian and New Zealand markets. NetReturn recommends NetSuite to its customers as they grow into mid-sized businesses.
NetSuite OneWorld
NetSuite OneWorld,
announced in the U.S. earlier this year, makes real-time,
global business management feasible by combining a mature,
multi-company business application suite with cloud
computing delivery. Built from the ground up as one system
that includes ERP, CRM and Ecommerce, NetSuite OneWorld
enables mid-market businesses with multiple subsidiaries,
business units and legal entities to manage local operations
across multiple locations, and roll the data up for regional
and global visibility in their currency of
choice.
Australian Customer Wins
The new
customer wins announced today include:
Carbon
Planet
Carbon Planet (www.carbonplanet.com), based in
Adelaide, SA, is a global carbon management company whose
mission is to enable every individual and business to manage
their contribution to global warming. “We know that we are
going to be global and need access to our business from
anywhere," said Remco Marcelis, CFO, Carbon Planet.
"NetSuite's browser-based approach will play a huge part in
enabling us to grow while managing our total cost of
ownership."
EcoNova
EcoNova (www.econova.com.au), based in Nambour,
QLD, is a producer of water purification and reclamation
infrastructure. "Seeing that NetSuite could manage our sales
as well as accounting, we realised it would be beneficial to
have one integrated system," said Christian Uhrig, Director
of Marketing and Sales. "NetSuite supports our need to give
every user and outside business partner appropriate access
to the system. That was a key feature for us, and one which
will make it possible for us to roll out into new countries
in a matter of weeks instead of
years."
Netcat
Netcat (www.netcat.biz), based in North Sydney,
NSW, is a developer of content management systems (CMS) and
knowledge transfer software for government and legal
clients. "As we look at establishing more overseas entities,
we feel comfortable knowing that our accounting and
operations will be stable,” said Sandra D'Souza, Chief
Financial and Operations Officer. “NetSuite makes it
easier for us to focus on the next steps of growing our
business."
Healthinc.
Healthinc (www.healthinc.com.au), based in Newport
Beach, NSW, is a provider of software solutions for the
radiology industry. "NetSuite's local support can't be
praised highly enough—they have been very accessible and
worked tirelessly to solve our business challenges,” said
Raymond Close, Financial Controller. “And now with
NetSuite, having a central repository of customer records
has helped us get better control over our client
engagements. Our salespeople are much better informed and
can see where they are headed against their monthly targets,
and our people in the field find it much easier to log
expenses and get reimbursed, no matter where they are. The
advantages of NetSuite's SaaS architecture and Web access
have been enormous."
About NetSuite
NetSuite
Inc. (NYSE: N) is a leading vendor of on-demand, integrated
business management software suites for mid-sized businesses
and divisions of large companies. NetSuite enables
mid-market companies to manage core business operations in a
single system, which includes accounting / enterprise
resource planning (ERP), customer relationship management
(CRM), and Ecommerce. NetSuite's patent-pending “real-time
dashboard” technology provides an easy-to-use view into
up-to-date, role-specific business information. For more
information about NetSuite please visit www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc. ##
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