Channels - Technology Channels

NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced the launch of the NetSuite Channel Program, a major new channel program tailored for the Asia Pacific region. The new NetSuite Channel Program will enable solution providers across a variety of industries to tap into the power and flexibility of NetSuite's leading cloud-based business management applications for firms of all sizes. For more information about NetSuite's Asia Pacific (APAC) channel program, visit www.netsuite.com/au-partners.

According to industry analyst firm Springboard Research, enterprise spending on Software as a Service (SaaS) in the Asia Pacific (excluding Japan) region is expected to grow at 46 percent between 2008 and 2012, pushing the market to $2.25 billion by 2012. NetSuite, already the world's number one cloud computing business software suite and a Top Ten ERP provider by revenue in North America, according to Gartner Dataquest, is deepening its commitment to the fastest growing region in the world by implementing a formal APAC channel program. Accordingly, NetSuite is looking to recruit a small number of the very best partners throughout APAC to form strong, long term partnerships that deliver unprecedented mutual benefits, including recurring revenue on subscription services, Solution providers will also benefit from the unique renewal margin based on annual renewal revenue, which is designed to reward them for successfully retaining their clients.

The three-tiered program provides a comprehensive partner enablement program using both classroom and e-learning environments, knowledge transfer sessions, and increasing margins on new business and renewals which reward top performers. Subsidised live accounts and demo seats are available to help partner organisations better learn and support the NetSuite environment, including advanced features such as SuiteCloud Connect, which provides instant integration with legacy ERP solutions such as SAP and Oracle. Top tier partners are able to offer NetSuite OneWorld, the world's first seamlessly integrated cloud computing solution for multinational organisations.

The NetSuite Channel Program provides the Advanced Partner Center, an always-available portal, with critical resources to attract and retain customers and stay ahead of competitors. The Advanced Partner Center provides access to lead registration and opportunity protection, marketing collateral, services tools, process and productivity tools. Named channel managers work with NetSuite partners to establish a joint business plan and quickly nurture a joint pipeline to get revenues flowing as quickly as possible.

“Our unique proposition is that we defy the norm in the market – we offer up renewal margin based on annual renewal revenue and reward the partner for their role in successfully retaining the customer. This recurring revenue model, unique in the software market, provides that level of predictability for the entire customer lifespan,” says Chris Schafer, Managing Director, APAC, for NetSuite.

Ken Bartlett Appointed as NetSuite Channel Director for APAC

The NetSuite APAC Channel Program is led by Ken Bartlett, Channel Director. A recognised leader in the provision of ICT products and services to Fortune 500 companies, Bartlett joins NetSuite after a diverse career in engineering, business development and general management with firms such as Boeing Australia, Fujitsu Australia and Silicon Valley startups. Bartlett has served as a trusted supplier to some of Australia's largest companies and developed numerous reseller programs and has personally overseen triple-digit growth in previous General Management and Sales roles.

S & I Systems NetSuite’s Key Channel Partner in APAC

Singapore-based S & I Systems is one of the standard-bearers of NetSuite's new APAC Channel Program. With market presence in China, Malaysia and Thailand, S & I Systems is playing a key role in expanding NetSuite's reach in these 100 percent partner-driven territories. "We are proud to be a NetSuite partner and to add the world's leading cloud computing business suite to our offerings," says Eric Sng, CEO of S & I Systems. "We expect that many of the over 500 customers spanning a broad spectrum of industries we serve will become part of the NetSuite cloud."

"We hope that our new partners in Asia Pacific will play a crucial role expanding the NetSuite cloud computing revolution to more of our key constituents in the technology, wholesale and distribution, manufacturing, and Ecommerce industries," said Schafer. "We believe that adopting a channel-centric model in the APAC region can accelerate the new reality – that cloud computing is the technology platform of choice for 21^st Century enterprises."

For more information about NetSuite Inc., please visit www.netsuite.com.au .

NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains forward-looking statements relating to expectations, plans, and prospects including, without limitation, expectations relating to the growth of enterprise spending on Software-as-a-Service (SaaS) in the Asia Pacific region. These forward-looking statements are based upon the current expectations and beliefs of NetSuite's management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and NetSuite disclaims any obligation to update these forward-looking statements.

In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: continued adverse and unpredictable macro-economic conditions or reduced investments in on-demand applications and information technology spending. For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to the Company's Quarterly Report on Form 10-Q for the period ending September 30, 2009, and any subsequently filed reports on Forms 10-K, 10-Q and 8-K. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system ("EDGAR") at www.sec.gov or NetSuite's Web site at www.netsuite.com .

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For further information please contact:

Dawn D’Cotta NetSuite Australia 02 9464 6155

Shuna Boyd BoydPR 02 9418 8100

For more information:

• www.netsuite.com.au/

<a href="http://www.whatech.com.au/component/content/article/930-netsuite-announces-apac-channel-sales-program">NetSuite Announces APAC Channel Sales Program</a>

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