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Zach Nelson

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For the screenwriter, see Zach Nelson (screenwriter).

Zach Nelson
Zach Nelson, NetSuite CEO
Born
Zachary A. Nelson

Omaha, Nebraska, USA
OccupationPresident & CEO of NetSuite[1][2]
WebsiteNetSuite.com

Zach Nelson served as President and Chief Executive Officer of NetSuite, Inc. prior to its acquisition by Oracle Corp.

Early life and education

Nelson was born in Omaha, Nebraska in 1961, and was one of 10 children. He holds B.S. and M.A. degrees in biological sciences and anthropology respectively from Stanford University.[3]

Career prior to NetSuite

Nelson held a variety of executive positions in the high-tech industry, spanning marketing, sales, product development and business strategy with leading companies such as Oracle Corporation, Sun Microsystems, and McAfee/Network Associates.

Early in his career, Nelson was responsible for creating the "Powered by Motorola" ingredient brand for the Motorola 68000 microprocessor while he was working at Cunningham Communication.[4]

At Sun, Nelson drove the marketing and branding of the first version of the Solaris operating system, and led the product and corporate marketing effort at the company's SunSoft Division. He was then Vice President, World Wide Marketing at Oracle Corp., where he was responsible for global marketing strategy and implementation. Nelson, at 31 years old, was the youngest VP of Marketing in Oracle's history.

While at McAfee, Nelson helped lead the company's expansion into the network management arena with the $1.4 billion acquisition of Network General. Later, as CEO of NAI subsidiary, myCIO, he created the world's first business-to-business security application services provider.

NetSuite

CEO of NetSuite since 2002,[5] Nelson led the company's successful IPO in December 2007 [6] and its rise from startup to become one of the industry's leading cloud computing companies.[7] During his tenure, NetSuite grew from a startup with annual sales of $1 million to revenue of $1 Billion in 2017 with a global customer base of approximately 24,000 mid-size and enterprise companies and subsidiaries. NetSuite's market capitalization was put at $7.8 billion as of March 2015 in an index of public cloud computing companies tracked by venture capital firm Bessemer Venture Partners.[8]

Under Nelson, NetSuite released global business management software suite NetSuite OneWorld in 2008 and the B2C and B2B ecommerce platform NetSuite SuiteCommerce in 2012.[9]

Nelson also spearheaded NetSuite's acquisition of commerce marketing software company Bronto in 2015[10] social HR player TribeHR in 2014 and of OrderMotion, Retail Anywhere and Venda in 2013.

In 2016, NetSuite reached a $1 billion run rate.[11] NetSuite was acquired by Oracle for $9.3 billion on November 7, 2016, making it the third largest software company acquisition by enterprise value in the industry.[12]

Influence and honors

Nelson has won multiple awards and received many accolades in his career including being named to CRN's 25 Most Influential of 2014 list, which highlights individuals who made the largest impact on the technology industry in the year.[13] Nelson was also named to 2013 Business Insider's 50 Most Powerful People in Enterprise Tech list,[14] and to Fortune magazine's 2012 Businessperson of the Year list.[15] Under Nelson's leadership, NetSuite was named to Forbes Most Innovative Growth Companies 2014 list [16] and to Forbes America's 100 Most Trustworthy Companies 2013.[17]

Venture Capital

Nelson is an active and successful investor in the technology, media, entertainment and hospitality sectors. He has been a seed and early stage investor in several successful enterprise software. He was the largest non-VC investor in Phantom Cyber, a leader in Security Orchestration [18] acquired by Splunk for $350 million in 2018 [19] He was also an early investor in Medstory, later acquired by Microsoft [20] and an investor in Immunet, later acquired by Sourcefire.[21] Nelson currently holds active software investments including in iCertis, the leader in cloud-based contract management.[22] Mr. Nelson was also an early investor in the evolution of on-line media sites. He was a seed investor in Curbed.com, a popular real estate blog network with sites in New York, San Francisco and Los Angeles [23] that was acquired by Vox Media.[24] Other media investments include Pando Media [25] and VinePair.[26] Nelson also has investments in several entertainment and hospitality concerns, including as an investor in Tosca Cafe,[27] a San Francisco restaurant. Nelson is a director of the PagerDuty Board.[28] He is active in the golfing industry including an ownership stake in Dumbarnie Links,[29] a new golf course designed by Clive Clark on the Firth of Forth near St. Andrews.

Additional Background

Nelson holds a software patent that covers a method for integrating software applications and codifying them into a single architecture.[30][31]

References

  1. ^ Marques Lima, João. "America 50 – The World's First Top 50 North, Central And South American Influencers". www.data-economy.com. Retrieved November 13, 2018.
  2. ^ Sumagaysay, Levi. "Oracle buying cloud pioneer NetSuite for $9.3 billion". Silicon Beat. Retrieved July 28, 2016.
  3. ^ Stone, Madeline. "The Most Successful Stanford Alumni In Tech". Business Insider. Retrieved August 14, 2014.
  4. ^ IT Business Edge, October 10, 2008. There's Method Behind Zach Nelson's Madness
  5. ^ Howlett, Den. "The new, new NetSuite - it's all about your growth at SuiteConnect". www.diginomica.com. Retrieved October 18, 2018.
  6. ^ Liedtke, Michael (December 20, 2007). "NetSuite shares surge 36 pct in debut". USA Today. Retrieved January 21, 2012.
  7. ^ "NetSuite's Sweet Spot". Forbes. August 6, 2006. Retrieved January 21, 2012.
  8. ^ Hesseldahl, Arik (March 3, 2015). "NetSuite CEO Nelson Talks the 'End of the Beginning' of Cloud Software Era". Re/Code. Retrieved April 20, 2015.
  9. ^ Hesseldahl, Arik (May 15, 2012). "Netsuite Turns Commerce Into a Cloud Service". All Things Digital. Retrieved April 20, 2015.
  10. ^ Hesseldahl, Arik (April 23, 2015). "NetSuite in $200 Million Deal for Bronto Software". Recode. Retrieved February 15, 2017.
  11. ^ "NetSuite's journey to the cloud: from startup to public company". www.upgrademag.com. Retrieved June 2, 2017.
  12. ^ Greene, Jay (November 5, 2016). "Oracle Is Set to Complete $9.3 Billion Deal to Buy NetSuite". Wall Street Journal. ISSN 0099-9660. Retrieved February 15, 2017.
  13. ^ Burke, Steve (August 11, 2014). "The 25 Most Influential Of 2014". CRN. Retrieved April 20, 2015.
  14. ^ "The 50 Most Powerful People In Enterprise Tech". Business Insider. June 29, 2013. Retrieved April 20, 2015.
  15. ^ the Editors of Fortune magazine (November 16, 2012). "2012 Businessperson of the Year". Fortune Magazine. Retrieved April 20, 2015. {{cite web}}: |author= has generic name (help)
  16. ^ "Most Innovative Growth Companies". Forbes.com. June 1, 2014. Retrieved April 20, 2015.
  17. ^ Smith, Jacquelyn (March 18, 2013). "America's 100 Most Trustworthy Companies". Forbes.com. Retrieved April 20, 2015.
  18. ^ "Phantom - Investors". Crunchbase. Retrieved April 19, 2020.
  19. ^ Zakrzewski, Cat (February 28, 2018). "Phantom Cyber Fetches $350 Million in Acquisition by Splunk". Wall Street Journal. ISSN 0099-9660. Retrieved April 19, 2020.
  20. ^ "Microsoft buys health search engine, Medstory". VentureBeat. February 26, 2007. Retrieved April 19, 2020.
  21. ^ "Cloud Security Heats up as Sourcefire Pays $21M for Immunet". TechCrunch. Retrieved April 19, 2020.
  22. ^ "Icertis". Crunchbase. Retrieved April 19, 2020.
  23. ^ "Curbed.com raises $1.5M for real estate blog network". VentureBeat. October 31, 2007. Retrieved April 19, 2020.
  24. ^ "Vox Media Spends Some of Its Giant Funding Round on Lockhart Steele's Curbed Network". AllThingsD. Retrieved April 19, 2020.
  25. ^ "Investors". Crunchbase. Retrieved April 19, 2020.
  26. ^ "Investors". Crunchbase. Retrieved April 19, 2020.
  27. ^ Cafe, Tosca. "Tosca Cafe". Tosca Cafe. Retrieved April 19, 2020.
  28. ^ "PagerDuty Appoints Board Member | Newsroom". PagerDuty. Retrieved April 19, 2020.
  29. ^ "New Dumbarnie Links course on Scottish coast gets green light". Golf, Latest News, Courses, Technology | GolfCourseArchitecture.net. Retrieved April 19, 2020.
  30. ^ Clancy, Heather (September 24, 2013). "Disruptor: Zach Nelson, CEO, NetSuite". ZDNet. Retrieved January 19, 2016.
  31. ^ Williams, Alex (December 4, 2005). "Wheels and Deals in Silicon Valley". The New York Times. Retrieved January 21, 2012.
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