NetSuite Wins Two SIIA Software CODiE Awards

SAN MATEO, Calif., May 24, 2013 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced that it has won two 2013 SIIA CODiE Awards–NetSuite SuiteCloud for Best Cloud Infrastructure and NetSuite OneWorld, the world's most-deployed cloud ERP suite for global businesses, for Best Financial Management Solution. This is the second time NetSuite has won the CODiE Award for Best Financial Management Solution.

The Software & Information Industry Association (SIIA), the principal trade association for the software and digital content industries, announced NetSuite's wins as one of 27 CODiE Award winners in the software categories. An SIIA CODiE Award win for software companies is an especially prestigious honor, as each award winner was first reviewed by a field of software industry executives, whose evaluations determined 100 finalists. SIIA members then reviewed these finalists and voted to select 27 CODiE Awards Winners. For more information about NetSuite's awards, please visit www.netsuite.com/awards.

Winning the accolades of Best Financial Management Solution and Best Cloud Infrastructure demonstrates NetSuite's innovation and commitment to excellence and customer success. The process required detailed scrutiny by seasoned judges pulled from the ranks of industry executives and analysts, representatives of media outlets, bloggers and investors. The rigorous process included evaluation across specific criteria, together with comprehensive peer recognition.

"These awards validate the hard work that NetSuite has put into delivering advanced, innovative solutions that stand above its peers in the industry," said Zach Nelson, NetSuite CEO. "We plan to continue to deliver market-leading technology to our customers."

"SIIA's 2013 Software CODiE Award winners show that innovation and growth is alive in many areas of the software industry," said SIIA Vice President for the Software Division Rhianna Collier. "Among the 27 winners, you'll find many of the most exciting software products and services on the market today."

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

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 different currencies, taxation rules, and reporting requirements at a fraction of the cost of traditional on-premise ERP solutions.

About SuiteCloud

NetSuite's SuiteCloud is a comprehensive offering of cloud-based products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry's leading provider of cloud-based financials / ERP software suites, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built on top of mature and proven business processes. The complete SuiteCloud offering includes NetSuite's multi-tenant, always-on SaaS infrastructure; the NetSuite Business Suite of applications (Accounting/ERP, CRM and ecommerce); and the NS-BOS Development Platform.

The SuiteCloud Developer Network (SDN) is a comprehensive developer program for Independent Software Vendors (ISVs) who build apps for SuiteCloud. All available SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit: http://www.netsuite.com/developers.

About NetSuite

Today, more than 16,000 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 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 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.

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.

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

SOURCE NetSuite Inc.