NetSuite and Grant Thornton LLP Join Forces to Bring NetSuite Cloud to Fast-growing Mid-market Enterprises

SAN FRANCISCO, May 17, 2012­ /PRNewswire/ -- NetSuite SuiteWorld 2012 - NetSuite Inc., (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, announced today that Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, has become a NetSuite System Integrator. Under the new agreement, Grant Thornton will leverage the company's deep business process, technology and industry-specific expertise to implement NetSuite's cloud business management suites for dynamic companies across a range of industries.

With more than 5,000 employees in nearly 60 cities in the U.S., Grant Thornton provides a range of advisory services designed to help clients solve problems, manage risk and unlock their potential for growth, which includes implementing the right IT solutions to address an organization's unique needs. The new NetSuite relationship meets growing demand among Grant Thornton's clients for cloud business management solutions that streamline foundational processes such as ERP / financials and provides the flexibility to realize business value in the emerging areas of CRM 2.0, mobile computing and social media.

"We see increasing interest from our clients in taking greater advantage of cloud business solutions that are reliable, scalable, agile and customizable. These solutions are being adopted to improve the performance of mature processes, such as financial management. More importantly, cloud solutions are driving new ways of doing business – through mobile and social technologies – that will help organizations gain a competitive advantage over traditional business models," said Paul Kanneman, Grant Thornton's Business Advisory Services National Managing Principal. "NetSuite is a leader in cloud business management and is a good fit for many of the dynamic companies we work with."

"Our partnership with Grant Thornton is further evidence that cloud computing is the future of business," said NetSuite CEO Zach Nelson. "As a market leader in serving dynamic growth organizations, Grant Thornton is in an ideal position to evangelize the transformational benefits that the NetSuite cloud is already delivering to more than 12,000 companies and subsidiaries."

About Grant Thornton LLP
Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd. Grant Thornton International Ltd and its member firms are not a worldwide partnership, as each member firm is a separate and distinct legal entity. In the U.S., visit Grant Thornton LLP at www.GrantThornton.com/NetSuite.

Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

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

NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a legal partnership relationship between NetSuite and any other company.

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to the strategic partnership between Grant Thornton and NetSuite and the plans for Grant Thornton to implement the NetSuite application with customers from a broad range of industries. These forward-looking statements are based upon the current expectations and beliefs of both companies' management teams 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.  These risks include, without limitation, the risk that the either party decides not to move forward with the strategic partnership, that the partnership is less successful than currently anticipated, or that difficulties are encountered when Grant Thornton provides the implementation services with respect to the NetSuite application for certain customers.  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.

(Logo: http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b)

SOURCE NetSuite Inc.