NetSuite, one of the handful of companies to build a big company out of the early 2000s software-as-a-service funding frenzy, is now making a push into cloud based enterprise software, according to several announcements being made this morning by CEO Zach Nelson at SuiteWorld, the company’s user conference being held in San Francisco.
As with most of these user conference announcements, there… → Read More
NetSuite, a company that provides cloud-based business management software suites, is furthering its mobile strategy by launching a free iPhone app to compliment its web-based products. The iPhone app gives NetSuite users on-the-go access to the company’s on-demand SaaS offerings, which include real-time dashboards with financial and customer data from CRMs and other applications.
A competitor to… → Read More
NetSuite, a company that touts itself as a provider of solutions that can help companies run almost every aspect of their business, announced Friday that it will be the first business application provider to provide native support for Google Chrome.
According to the company, Chrome’s browser is an ideal candidate for NetSuite products. Because the browser is optimized for Web 2.0, the company’s… → Read More
NetSuite added to its online CRM and accounting applications today by acquiring OpenAir for $26 million, including the assumption of $5 million of restricted stock that will continue to vest through 2010. Boston-based OpenAir sells Web-based software aimed at professional services firms, including timesheets, expense reports and project management. The acquisition isn’t a huge win for… → Read More
So NetSuite’s IPO process is basically complete. They priced the stock today at $26, and barring any major market disruptions the company will begin trading Thursday morning under the symbol “N” on the New York Stock Exchange. A total of 6.2 – 7.1 million shares will be sold, raising the company around $165 million. And if the stock price holds, they’ll be worth well… → Read More
Here’s a story that we’ve been tracking since last year – Salesforce and SAP competitor NetSuite just filed its S1 registration statement with the SEC, the first formal step in the IPO process. We previously reported that NetSuite had selected Credit Suisse as their sole banker on the IPO. It turns out they’ve added WR Hambrecht to the deal as well. We had an indication… → Read More
NetSuite, the fraternal twin of SalesForce (both companies CEOs came out of Oracle and have similar business models), is preparing to go public next year based on 2006 revenues of about $70 million. The good news is that this could crack open the IPO window for startups again, which was firmly shut in the wake of GoDaddy’s abrupt withdrawl of its registration statement in August. Investment… → Read More