NetSuite Wins Three SIIA Software CODiE Awards

SAN MATEO, Calif., June 10, 2014 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that it has won three 2014 SIIA CODiE Awards—NetSuite SuiteCommerce for Best Commerce Solution, NetSuite PSA for Best Project Management Solution, and NetSuite OneWorld for Best Financial Management Solution—the fourth CODiE received for NetSuite OneWorld. This year, NetSuite is the only company that has won three CODiE Awards in the SIIA's software awards category.

"It's extremely gratifying to have won three awards in the important categories of financial management, commerce and PSA," said Zach Nelson, NetSuite CEO. "This is a validation of NetSuite's commitment to continuing product innovations that excel in ease of use, functional scope, customizability and extensibility, and business impact."

The Software & Information Industry Association (SIIA), the principal trade association for the software and digital content industries, announced NetSuite's three wins for the 2014 CODiE Awards at an awards gala on Wednesday, May 21 at SIIA's Maximize in San Francisco, Calif.

An SIIA CODiE Awards win is an especially prestigious honor, as each entrant was required to be evaluated by a field of industry experts whose results determined the 125 finalists. The SIIA's rigorous CODiE Awards selection process involves evaluation across specific criteria by seasoned judges from the ranks of industry analysts and executives, representatives of media outlets, bloggers and investors. Click here for more information about NetSuite's awards.

"SIIA's 2014 Software CODiE Awards winners have some of the most innovative, high-impact software products and services in the market," said SIIA Vice President for the Software Division, Rhianna Collier. "We congratulate all of this year's CODiE Awards winners and thank them for the contributions that they have made to the software and services industry."

For more information about the CODiE Awards, please visit www.siia.net/codies.

Today, more than 20,000 companies, organizations 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 suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. 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.

About NetSuite OneWorld
NetSuite OneWorld is the first cloud software solution to deliver real-time global business management and financial consolidation to enterprise companies with multi-national and multi-subsidiary operations and divisions of large enterprises. It enables organizations to automate complex, mission-critical business processes in the cloud from ERP to CRM to ecommerce. NetSuite OneWorld readily handles multi-currency transactions, taxation rules and reporting requirements at a fraction of the cost of traditional on-premise ERP solutions.

About SuiteCommerce
NetSuite SuiteCommerce enables B2C and B2B merchants, manufacturers and distributors to seamlessly connect every step of a multi-channel, multi-location business—from ecommerce, POS and order management to merchandising, marketing, inventory, financials and customer support. Featuring an advanced web store that allows the creation of uniquely branded and personalized shopping experiences optimized for multiple devices, SuiteCommerce empowers businesses to run across multiple touchpoints—web, brick-and-mortar stores, mobile—all from a single, unified cloud-based commerce platform that provides unprecedented visibility into your business and customers. Please visit www.suitecommerce.com for more information.

About NetSuite PSA
NetSuite PSA (professional services automation) gives project-based businesses and embedded services teams a complete solution covering project management, resource optimization, project accounting, time and expense management, and billing and revenue recognition. Delivering end-to-end automation and visibility, NetSuite PSA helps organizations in IT and management consulting, advertising and marketing, and the software industry increase project profitability, maximize billable resource utilization and make informed, data-driven decisions. A recent study by the research firm Service Performance Insight found that NetSuite PSA is used by more than half of professional services organizations it identified as "Best of the Best," averaging net profit of 30.2 percent compared to 9.8 percent for all others.

About SIIA
The Software & Information Industry Association (SIIA) is the principal trade association for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education, and intellectual property protection to more than 700 leading software and information companies.

The SIIA Software Division provides a forum for companies developing the applications, services, infrastructure and tools that are driving the software and services industry forward. For further information, visit www.siia.net/software

About the SIIA CODiE™ Awards
The SIIA CODiE™ Awards, originally called the Excellence in Software Awards, were established in 1986 by the Software Publishers Association (SPA), now the Software & Information Industry Association (SIIA), so that pioneers of the then-nascent software industry could evaluate and honor each other's work. Since then, the CODiE Awards program has carried out the same purpose – to showcase the software and information industry's finest products and services and to honor excellence in corporate achievement.

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

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SOURCE NetSuite Inc.