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NetSuite Inc.
Type Public (NYSEN)
Industry Computer software
Founded California (1998)
Headquarters San Mateo, California, U.S.
Key people Zachary (Zach) Nelson (CEO)
Evan M. Goldberg (Chairman/CTO)
David Downing (CMO)
Lawrence (Larry) J. Ellison Stakeholder
Products NetSuite
NetSuite OneWorld
NetSuite CRM+
NetSuite Platforms include NS-BOS
Revenue Increase US$308.8 million (2012)[1]
Operating income Increase (US$25.6) million (2010)[2]
Net income Increase (US$27.5) million (2010)[2]
Employees 1800 (February, 2013)[3]

NetSuite Inc. is a United States software company based in San Mateo, CA. The company markets cloud-based software-as-a-service integrated business management software. This includes software for ERP, accounting, order management, inventory, CRM, professional services automation (PSA), and E-commerce applications. NetSuite was originally named NetLedger by its founders, Larry Ellison and one of his early employees, Evan Goldberg.[4]


Originally NetLedger, NetSuite was founded in 1998 by Evan Goldberg,[4] current chairman and chief technology officer. Goldberg had the financial backing of Lawrence J. Ellison, founder and chief executive officer of Oracle Corp. Other initial investors were StarVest Partners and UBS PaineWebber.

NetLedger was later renamed to Oracle Small Business Suite,[4] and finally NetSuite.

NetSuite's major shareholder is Ellison, who financed the company's creation in late 1998.[citation needed] In December 2007, NetSuite became a publicly traded company after its IPO on the NYSE.[5]

NetSuite has about 1,700 employees[6] and has offices in San Mateo, California; Toronto, Canada; Denver, Colorado; Boston, Massachusetts; Oklahoma City, Oklahoma; Brno, Czech Republic; the United Kingdom; the Philippines; Japan; Singapore; Hong Kong; Australia and Montevideo, Uruguay.[7][8][9]


In 2012, Netsuite was ranked among top 20 cloud computing companies in the world.

In 2013, NetSuite won for industry excellence in three different categories at the 27th annual CODiE Awards:

  • NetSuite OneWorld won CODiE Award for Best Financial Management Solution
  • NetSuite SuiteCloud won CODiE Award for Best Cloud Infrastructure Software

According to Gartner, NetSuite has been the world's fastest growing top 10 Financial Management System from 2008–2011. NetSuite has also been the only top 10 Financial Management System during this timeframe that exclusively offers cloud-based Financial solutions.

NetSuite was voted the best cloud application by a panel of leading independent experts in the Cloud Computing World Series Awards 2010 in London.

NetSuite OneWorld was voted by UK customers as the Enterprise Accounting Software of the year in Sift Media's 2009 Software Satisfaction Awards.

NetSuite partners[edit]

NetSuite's major partnership categories consist of:

  • Solution Providers
  • Systems Integrator
  • SuiteCloud Developer Network

See also[edit]


External links[edit]