NetSuite Opens First Dedicated Cloud ERP Business Suite Development Center in Europe

BRNO, Czech Republic and SAN MATEO, Calif., Nov. 3, 2010 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the opening of Europe's first dedicated center focused on the development of cloud ERP-based business management software suites.  The new cloud development center, headquartered in Brno, Czech Republic, is expected to focus on extending NetSuite's industry leading offerings to meet the needs of global companies.  Over the next year, NetSuite hopes to add more than 100 new employees in Brno, focusing on software engineering and development across NetSuite's broad product offering, with particular focus in ERP, Ecommerce, CRM, and mobile capabilities.

NetSuite CEO Zach Nelson was present for the launch of the new Brno office, taking the opportunity to meet with existing NetSuite users in the area, as well as potential customers, partners and local government officials. NetSuite's European Cloud Development Center will be managed by Zain Nemazie, NetSuite Vice President of Engineering.

"NetSuite's global market opportunity is enormous, and the establishment today of the first major dedicated Cloud ERP development center in Europe allows us to accelerate the functionality required by enterprises large and small operating around the world," said Zach Nelson, NetSuite CEO.  "After much research we chose to locate the NetSuite European Cloud Development Center in Brno, Czech Republic. The city's strong universities, rich history, and deep roster of other international IT leaders make Brno uniquely suited to meet our requirements for world-class engineering talent."

Brno is the Czech Republic's second-largest city and has become a key destination for high-tech companies seeking qualified talent and a friendly, inviting atmosphere in Central Europe. NetSuite's initial office will be established at The South Moravian Innovation Center.

The South Moravian Innovation Center (JIC) aims to promote innovative entrepreneurship and commercialization of research and development in the Czech Republic's South Moravian Region. JIC offers in-house business support, finance, legal, and business development experts, access to networking and funding, and comprehensive incubator and academic cooperation programs. "We are excited to work with NetSuite to bring the leading Cloud technologies to the South Moravian region," said Milos Sochor, Chief Consultant of JIC. "We expect our relationship with NetSuite to serve as a model of future success for other established high-tech companies looking to expand into Central Europe."

Czech Companies and Technology Partners Embrace the NetSuite Cloud

Roughly 20% of NetSuite's revenue is generated outside North America today, and NetSuite has customers and partners throughout Europe. Customers and enterprise technology partners in the Czech Republic have already embraced the NetSuite cloud, including:

Perficio Consulting (www.perficioconsulting.com), an ERP and CRM solution provider, is the leading NetSuite Solution Provider in Central Europe. Perficio's local consultants specialize in services that cover the full lifecycle of NetSuite, ERP & CRM implementations. Clients include ING Bank, Bausch & Lomb, London 2012 Olympics, and KIT digital. With years of experience implementing solutions across Europe, Perficio Consulting has the local statutory knowledge and understanding needed for Czech businesses. "NetSuite has been the ideal partner to build our enterprise services around," said Babz Amusan, Managing Director at Perficio. "Now that both NetSuite and Perficio will have such a significant presence together in Brno, we expect an even tighter collaboration."

KIT digital (www.kitd.com, Nasdaq: KITD) is a leading global provider of video asset management solutions (VAMs) for multi-screen IP-based delivery. With more than 30 offices across five continents and headquarters in Prague, Czech Republic, KIT digital employs over 750 people. KIT digital chose NetSuite OneWorld for real-time global business management and financial consolidation across its multi-national and multi-subsidiary operations. "NetSuite has developed an outstanding solution for multinational businesses like ours, and we are excited that they will be developing the new features and functionalities for NetSuite solutions in our home country," said Adam Hynes, Director of Financial Planning & Analysis at KIT digital.

ESET (www.eset.com) develops software solutions that deliver instant, comprehensive protection against evolving computer security threats. The company pioneered and continue to lead the industry in proactive threat detection. ESET NOD32 Antivirus consistently achieves the highest accolades in all types of comparative testing. ESET has global headquarters in Bratislava, Slovakia, with distribution headquarters for the Americas located in San Diego, California. ESET also has offices in Buenos Aires, Prague, Krakow and Singapore and is represented by an extensive global partner network in more than 180 countries. NetSuite enables ESET to run a global sales organization, through direct Ecommerce as well as partner and retail channels, while reducing demands on internal IT. NetSuite gives ESET access to a scalable global enterprise solution at a fraction of the price of conventional on-premise ERP. "We have been able to customize NetSuite to meet all of our needs, faster and at a lower price than we would have with any other system," said Palo Luka, CIO at ESET.

About NetSuite

NetSuite Inc. is the industry's leading provider of Cloud-based financials/ERP software suites. NetSuite enables companies to manage core key business operations in a single system, which includes Enterprise Resource Planning (ERP), Accounting, Customer Relationship Management (CRM), and Ecommerce. NetSuite's "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information. For more information about NetSuite Inc., please visit www.netsuite.com.

For more information about careers at NetSuite, please visit www.netsuite.com/czechcareers.

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 expectations relating to NetSuite's future hiring plans. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the market for on-demand services may develop more slowly than expected; and NetSuite may not be able to identify and hire qualified candidates as quickly as planned or at all. 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 most recently filed Form 10-Q and 10-K available at the Company's website or from the SEC.  

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SOURCE NetSuite Inc.