13 Facts About NetSuite

NetSuite Inc is an American cloud-based enterprise software company that provides products and services tailored for small and medium-sized businesses including enterprise resource planning, customer relationship management, accounts payable software, and inventory management software.

NetSuite was founded in 1998 with headquarters in Austin, Texas.

NetSuite is widely seen as the first cloud computing software company, with its founding pre-dating that of Salesforce.

NetSuite was founded in 1998 by Evan Goldberg under the original name NetLedger, which offered web-hosted accounting software.

NetSuite was seeded with both start-up money from Oracle CEO Larry Ellison as well as a host of key staff previously employed at Oracle.

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At one time the NetSuite solution was licensed by Oracle, branded The Oracle Small Business Suite; however, that experience was short-lived, and the program was cancelled.

NetSuite led the company from about $1 million in revenue to a billion-dollar run-rate prior to its acquisition by Oracle Corp.

NetSuite became a publicly traded company after its initial public offering of 6.

NetSuite has additional offices in Denver, Colorado; Santa Monica and Redwood City, California; Durham, North Carolina; Chicago, Illinois; Atlanta, Georgia; New York City, New York; Boston, Massachusetts; Toronto, Canada; the United Kingdom; Spain; the Czech Republic; Hong Kong; Singapore; Australia; and Uruguay.

The NetSuite software relies on database software licensed from Oracle.

NetSuite offers a modular suite of cloud-based business management applications.

The cost of a NetSuite subscription is not fixed, it depends on the modules selected and the size of the company.

NetSuite offers analytics and reporting, which use the centralized data to provide real-time visibility into client company operational and financial performance.