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In The News

Netsuite's Zach Nelson: SAP was forced to make SuccessFactors cloud move

2011-12-20 - Netsuite chief executive Zach Nelson has claimed that rival SAP was effectively forced to make a multibillion dollar entry into cloud computing last week, because industry trends were changing - and customers were tiring of the multi-year on premise deployments the German vendor has traditionally sold. Read More at http://www.computerworlduk.com/news/cloud-computing/3324157/netsuites-zach-nelson-sap-was-forced-make-successfactors-cloud-move/

NetSuite 2Q in Line

2010-08-16 - NetSuite N reported solid second-quarter performance with a 22% year-over-year increase in bookings driven by robust sales of the company's high-priced OneWorld solution. Management's revised revenue outlook for the year is in line with our prior forecast, and we are maintaining our fair value estimate. Read More at Toronto Star

SAP Customers Select NetSuite Cloud Software to Automate and Streamline Professional Services

2010-08-11 - SAN MATEO, Calif., Aug 09, 2010 /PRNewswire via COMTEX/ -- NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP software suites, today announced the availability of two video interviews with SAP customers sharing their experiences using NetSuite cloud software for professional services automation (PSA). The videos spotlight the cost reduction and productivity enhancements enjoyed by Siemens PLM Software and Software AG after deploying the NetSuite PSA cloud within their organizations. The NetSuite software has enabled each company's professional services teams to run more efficiently, as well as gain greater insight into key business processes while streamlining financial processes through integration with their corporate SAP ERP system. Read More at MarketWatch

NetSuite slams SAP Business ByDesign

2010-08-04 - Not content with lambasting SAP for not being in the SaaS market, NetSuite now thinks SAP is making life tough for the channel. I’d argue quite the opposite. The market is changing and all players need to adapt. Read More at ZDNet

NetSuite Sweetens E-Commerce with Social

2010-07-27 -  It's more fun to shop with friends. And thanks to online ratings and reviews and social networks, it's becoming easier to incorporate friends' opinions when shopping online. Cloud computing business software provider NetSuite is moving down the path of social shopping with an announcement around social media and e-commerce this month. "Social e-commerce, it's an emerging technology that if you can leverage it effectively, can have a big impact on your bottom line," says Mini Peiris, vice president of product management for NetSuite. Thanks to a handful of brand new partnerships and updates to the NetSuite eCommerce Cloud Platform, the vendor is broadening its reach and incorporating more elements of social media and search engine marketing into the mix of offerings Read More at Destination CRM

SaaS set to dominate global software market

2010-07-27 - Revenue accrued through software as a service (SaaS) is set to grow substantially faster than traditional packaged software through until 2014, a new study has predicted.

According to the International Data Corporation (IDC), the SaaS market had worldwide revenues of $13.1 billion during 2009, a figure which the group expects to soar to $40.5 billion by 2014.
Read More at Experian QAS

Siemens goes with NetSuite

2010-07-27 - In this video extract (4 mins 54 secs) from a presentation as part of a NetSuite event, Beat Neuhaus, VP global services operations, Siemens explains how an SAP centric organization introduced a cloud based professional services solution.he argument used was that the company needed a process solution rather than something that is accounting based. The key to success Read More at ZDNet

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