Rapid Growth Fuels Expansion
SAN MATEO, CA.—January 15, 2004—NetSuite, Inc., today announced the most rapid expansion the company has ever seen since its founding in 1998. To accommodate a growing demand for its award-winning product offerings including NetSuite and Oracle Small Business Suite, the company will more than double its workforce worldwide in 2004. With thousands of customers globally in the US, Europe and Asia, NetSuite is the leading provider of integrated online CRM/ERP application software for small and mid-sized businesses. The Oracle Small Business Suite name is used under license from Oracle Corporation (NASDAQ: ORCL).
In 2003, NetSuite grew its sales by more than 300%, making it the fastest growing major application service provider in the world. In 2004, the company will substantially augment its service, sales and development organisations to continue to meet the demands of enterprises large and small. The company will also expand its presence outside the United States, adding to it European and Asian operations in 2004.
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