NetSuite Expands Footprint In Asia To Accelerate Regional Growth

SINGAPORE, Feb. 11, 2015 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced three significant initiatives to expand its already strong presence in Asia in order to accommodate the ongoing surge in customer demand for NetSuite's cloud-based business management suite. NetSuite is expanding its regional executive leadership team, opening new, larger Asia headquarters in Singapore and adding channel partners from across the region, all to better serve the needs of local, regional and multinational companies doing business in Asia and seeking to benefit from the transformational capabilities of NetSuite's single unified cloud software platform.

NetSuite Strengthens Regional Executive Leadership Team

NetSuite announced today that it has appointed Lee Thompson as its Senior Vice President and General Manager, Asia Pacific & Japan to lead NetSuite's sales operations and to accelerate growth across the entire region by building a world-class sales organisation. The former Salesforce.com and Oracle executive brings more than 20 years of sales leadership experience to NetSuite, much of it spent working in Australia and Singapore. Before joining NetSuite, Thompson was Operating Officer at TechnologyOne. Prior to TechnologyOne, he was Senior Vice President of Corporate Sales at Salesforce Asia Pacific, where he was responsible for delivering a regional compound annual growth rate in sales in excess of 30 percent year-over-year during his tenure at the company. Before that, Thompson spent 12 years at Oracle, building the vendor's commercial sales business in Asia Pacific.

Please see separate release 'NetSuite Appoints Lee Thompson as SVP and GM, Asia Pacific & Japan' here for in-depth coverage of today's executive appointment announcement.

NetSuite Expands Footprint in Asia with Opening of New Larger Headquarters

NetSuite announced today the formal opening of its new, larger Asia headquarters, which is able to accommodate sales, professional services and support employees and host events for existing and prospective customers and partners. The new Asia headquarters will help build on the more than 1,000 NetSuite employees already in the region. The new NetSuite Asia headquarters are located in the Straits Trading Building, 9 Battery Rd, Singapore 049910, in the heart of Singapore's downtown Raffles Place business district.

NetSuite Asia is headed up by long-time finance and commerce executive Reginald Singh. He joined NetSuite in January 2014 as Vice President and General Manager, NetSuite Asia. Singh was previously Global Chief Financial Officer of Knowledge Universe, a worldwide global education company, where he was responsible for all financial, administrative and risk management operations of the organisation. While at Knowledge Universe, Singh oversaw the successful deployment of NetSuite OneWorld, which saw the organisation reduce ongoing systems cost by 70 percent. Prior to Knowledge Universe, Singh, a New Zealand qualified CPA, held strategic financial management roles at Procter & Gamble and The Gillette Company.

"I'm so delighted with our new larger NetSuite Asia headquarters and its prime location where we can best serve the needs of local and regional customers and partners," said Singh. "Asia is growing fast and we are making significant investments in the region in terms of additional headcount and expanded locations to meet the needs of our growing number of customers and partners."

NetSuite Accelerates the Continued Growth of Its Partner Network across Asia

NetSuite works in close collaboration with its channel partners in Asia to combine strong skillsets in cloud computing, end-to-end business processes, local, regional, global, and industry knowledge. NetSuite continues to make significant investments in its existing partners and to recruit additional partners to meet the growing demand for its cloud-based business management solutions from companies across the region.

"Continuing to build out a robust channel ecosystem across Asia is vital to ensure the success of our customers, our partners and ourselves," said NetSuite's Singh. "When NetSuite and its partners collaborate, we can provide our customers with a wealth of expertise and best practices whatever industry or industries they serve or countries or regions they operate their businesses in."

Among the partners NetSuite Asia has newly announced are:

TurnOnTechAsia (www.turnontech.asia), with headquarters in Bangkok, Thailand, is solely focused on referring sales and implementing NetSuite solutions and developing add-ons to NetSuite. TurnOnTechAsia was the top performing NetSuite partner in Thailand in 2014. A NetSuite Solution Provider partner since 2004, TurnOnTechAsia refers sales and supports NetSuite, NetSuite CRM+, NetSuite OneWorld, NetSuite OpenAir, NetSuite SuiteCommerce and NetSuite SRP.

"We have seen strong customer interest in NetSuite solutions and demand continually increases year after year," said Aphissada "Demi" Demikul, CEO at TurnOnTechAsia. "We're proud to be the first NetSuite partner in Thailand to sell NetSuite OneWorld and to gain Thai tax certification."

Consulting Research Services (CRS) (www.consulting-research.com), with headquarters in Singapore, is a professional consulting and implementation services provider specializing in cloud solutions. As a NetSuite Solution Provider partner, CRS focuses on mid-size to large enterprise companies and helps customers anchor their financial systems, providing them a platform that supports business expansion and growth. With the belief that cloud deployment must be swift and friendly, CRS is geared to provide cloud consulting, advisory, implementation and support services to help enterprises take advantage of cloud solutions to advance their organisations. CRS believes NetSuite is the platform of choice for enterprises looking to unleash themselves from the shackles of legacy technology. Other solutions and platforms that CRS leverages are Salesforce.com, Anaplan, APX-Labs, Amazon Web Services (AWS), DocuSign and GoCloudz. 

"We are extremely positive about NetSuite and its ability to assist companies to transition and transform their businesses, moving them into the cloud swiftly without incurring excessive financial costs and impacting day-to-day business operations," said Rick Koh, Managing Director at CRS. "Organisations look forward to reaping the benefits of lower costs and real-time visibility into their operations from a NetSuite implementation."

NetSuite held its Suite Engage partner forum today in Singapore at its newly opened Asia headquarters celebrating the strong, lasting and mutually beneficial relationships NetSuite enjoys with its channel partners across the region.

Today, approximately 24,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP, CRM and omnichannel suites for mid-sized organisations, large enterprises and divisions of large enterprises seeking to upgrade their antiquated client/server ERP and other systems. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.

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

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NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

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SOURCE NetSuite Inc.

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