Oracle NetSuite Corporate Communications
Joint Initiative Creates a Social Fabric Unifying Enterprise Systems of Record and Enterprise Systems of Engagement
NetSuite SuiteWorld 2011, SAN FRANCISCO, May 10, 2011—During the keynote address at SuiteWorld 2011, Zach Nelson, CEO of NetSuite (NYSE: N)—the leader in cloud computing business management software - and David Sacks, CEO of Yammer—the leader in enterprise social networking—announced a new integration between Yammer and NetSuite that allows mission-critical data to be socialized within the enterprise. The new joint product demonstration showed how activities taking place in a system of record such as NetSuite—finance users generating invoices, product shipment fulfilment, and sales reps placing orders can be "socialized" and transmitted as an "activity stream" to Yammer's enterprise social networking platform. This integration marks the debut of Yammer Activity Streams, which are intended to aggregate activity stories across a wide variety of enterprise applications. By importing content from NetSuite, Yammer Activity Streams can provide users with an instant snapshot of NetSuite activity inside Yammer, where they can easily share and discuss with colleagues.
The new offering brings together two technology advances. In NetSuite, a new SuiteApp called SuiteSocial allows users to automatically 'socialize' business data for use with social networking and collaboration applications. With SuiteSocial, users can follow records of interest in NetSuite, and as important activities and updates occur, SuiteSocial content is automatically generated which may then be syndicated to an external social stream or feed. The NetSuite SuiteSocial content is integrated and presented to Yammer users as activity stories in Yammer's new Activity Streams. Activity Streams are currently displayed as a separate feed in Yammer and in the future, the most relevant stories will be elevated into the user's primary feed.
"Yammer is a secure social layer that can make all enterprise applications more collaborative and engaging," said David Sacks, founder and CEO, Yammer. "With the NetSuite integration, we'll be able to import highly relevant content from NetSuite and drive real-time collaboration around it."
"Yammer and NetSuite share a common vision where systems of record such as NetSuite can communicate through systems of engagement such as Yammer to make enterprise collaboration and communication more efficient," said Zach Nelson, President and Chief Executive Officer, NetSuite. "The new combination of NetSuite and Yammer is an important advancement for NetSuite customers to enable easy communication and collaboration around activity taking place within NetSuite—in a private and social Yammer environment."
Yammer Activity Streams are expected to launch in Q2 followed by the NetSuite integration in early Q3. The Yammer Activity Stories API are expected to be made available to all third-party developers in Q3.
About Yammer, Inc.
Yammer (www.yammer.com) is the leader in enterprise social networking, providing a secure way for employees to communicate, collaborate, and share information. The basic version of Yammer is free, and customers can pay to upgrade their network to receive additional administrative and security controls, priority customer service and a dedicated customer success manager. Companies and organisations across the globe, including more than 80 percent of the Fortune 500, are using our award-winning Software-as-a-Service (SaaS) solution to improve employee productivity and engagement. Visit our blog to see how our customers are benefiting from Yammer.
NetSuite Inc. is the industry's leading provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites. In addition to financials/ERP software suites, NetSuite offers a broad suite of applications, including accounting, Customer Relationship Management (CRM), Professional Services Automation (PSA) and Ecommerce that enables companies to manage most of their core business operations in its single integrated suite. 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.au. Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuiteAPAC Twitter handle for real-time updates. To join the 'Yammer and NetSuite Socialize Business Data and Activity" conversation on Twitter, use #NetSuite.
NOTE: NetSuite and the NetSuite logo and where business is going are 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 future availability and functionality of the NetSuite Yammer integration. These forward-looking statements are based upon the current expectations and beliefs and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including, without limitation, risks associated with material defects or errors in NetSuite's or Yammer's software or difficulties encountered in connection with proposed integration. Customers who purchase services should make sure the decisions are based on features that are currently available. Please be advised that any unreleased services or features that are not currently available may not be delivered on time or at all.