NetSuite Speaks Swedish

SAN MATEO, Calif. and STOCKHOLM, Dec. 3, 2010 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the availability of Swedish language support in the user interface of its NetSuite and NetSuite OneWorld product offerings. In addition, NetSuite today announced that Alterview, a leading Swedish technology implementation company with decades of combined experience implementing enterprise applications in the Nordic region, has joined NetSuite's Solution Provider program. The partnership expands NetSuite's reach into Northern Europe, relying on the experienced team at Alterview to sell, implement and support NetSuite's cloud computing business management suites in Sweden and neighbouring countries.

Northern Europe is embracing cloud computing at a blistering pace. According to Gartner's "Forecast Analysis: Software as a Service, Worldwide, 2009-2014, Update," published on November 11, 2010, the region will adopt cloud computing solutions at a compounded annual growth rate of 15.8 percent—three times the rate of growth of the broader enterprise application market. This surging growth rate mirrors the explosive phenomenon cloud computing has become in North America. With the addition of Swedish to the 14 languages already available in NetSuite's products, along with flexible VAT and Financial Reporting configuration capabilities, NetSuite and Alterview are together poised to take advantage of the growing opportunity for cloud-based business management solutions in the region.

Alterview was founded in 1998 by five ex-Oracle employees and since then has built up an impressive portfolio of customers, including global media, technology, research, events and infrastructure companies. Alterview's experience, combined with the strong technical and functional capabilities of its consultants, makes it an ideal NetSuite partner for the Nordic region.

Through its partnership with NetSuite, Alterview gains an immediate presence in the cloud computing industry, which is rapidly expanding as more businesses become aware of the increased productivity and cost saving benefits that web-based software can offer in comparison to on-premise alternatives. Alterview also gains a superior line-up of cloud business management solutions, including NetSuite's core integrated suite that combines ERP / Financials, customer relationship management (CRM) and Ecommerce software, and NetSuite OneWorld, a cloud computing solution which enables multinational and multi-subsidiary companies to manage their global financial consolidation and business operations in real-time.

Since it began working with NetSuite, Alterview has collaborated on the delivery of the Swedish language user interface and has already sold and implemented complex, industry and company-specific solutions to 12 clients in Sweden. Those enjoying success with NetSuite include:

IDG (www.idg.se) is the world's leading technology media, research and event company. Its publications, products and services reach more than 140 million technology buyers in 90 countries, representing 95 percent of worldwide IT spending. 100 employees in IDG's Swedish operations now use NetSuite for CRM, replacing a proprietary system that lacked key integrations, required several spreadsheets and manual processes, and could not generate digital invoices. Alterview managed a smooth transition to NetSuite, giving IDG's financial and sales executives transparent insights into the entire scope of the media business spanning over two dozen brands in Sweden alone. "Now we have a platform that supports an unbroken chain of events from the prospectus to invoice," said Anders Huldt, CFO of IDG. "Anyone with the right access can obtain information about the customer and our ongoing business."

Mediekompaniet (www.mediekompaniet.com) is a media planning and advertising company that is jointly owned by 74 Swedish newspapers and publications. Mediekompaniet's deployment of NetSuite managed accounts receivable for its euro 80 million turnover business utilizing a highly-customized order entry and billing capability developed specifically for media advertising sales for more than 50 users throughout Sweden.

Handheld Group (www.handheldgroup.com) is a worldwide supplier of rugged PDAs and mobile computers, with customers in a variety of industries including logistics, forestry, public transportation, construction, military and security. The Handheld Group uses NetSuite OneWorld to manage all aspects of its multi-subsidiary business operations.

"Alterview's heritage and experience selling web-based software makes it the perfect choice for NetSuite's first channel partnership in Sweden," said Merrill Kindred, EMEA Channel Director, NetSuite. "We are excited about the opportunities in Sweden and Northern Europe and look forward to working together with Alterview to empower businesses in the region and further our leadership in the cloud ERP market."

Rikard Burman-Holmgren, Marketing Manager, Alterview, said: "We're delighted to begin this partnership with NetSuite. Businesses in Sweden and across Europe are realizing the huge advantages that can be gained by switching applications from on-premise to the cloud. With NetSuite, we can help them transfer their operations quickly and efficiently, enabling them to enjoy the benefits of increased productivity and lower cost."

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 accounting/ERP, 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, please visit www.netsuite.com.

About Alterview

Alterview is a leading IT systems integrator providing Swedish and multinational companies with business systems and services to run more efficiently and successfully. Comprised of two companies, Alterview Net Solutions AB is focused on NetSuite solutions, while Alterview Solutions AB concentrates on Oracle E-Business Suite. In 2007, Alterview adopted NetSuite as a complement to its Oracle E-Business Suite practice. Staffed with experienced consultants and employees that possess both technical and functional competence, Alterview can offer system solutions to companies of all sizes. For more information, visit www.alterview.se.

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 the expected future growth of the cloud computing market in Northern Europe. 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; 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 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.