McGladrey to Partner With NetSuite for Cloud-Based ERP Solution

Leading Professional Services Firm RSM McGladrey Expands Cloud ERP Practice Based on NetSuite

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May 11, 2011, 09:00 ET

SAN FRANCISCO, May 11, 2011 /PRNewswire/ -- NetSuite SuiteWorld 2011 -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, and RSM McGladrey, one of the nation's leading professional services firms providing tax and consulting services, today announced they will partner to offer enterprise-grade cloud computing solutions and services. RSM McGladrey selected NetSuite as a strategic cloud ERP partner following a thorough investigation that considered dozens of factors, including solution maturity, infrastructure, vertical functionality and client awareness. RSM McGladrey has reached an agreement in principle to become a NetSuite reseller and Solution Provider, with its Technology Services practice offering the full spectrum of NetSuite cloud solutions, including ERP, Ecommerce and Professional Services Automation (PSA) through its 90 US offices and more than 90 McGladrey Alliance member firms.

One of the top providers of ERP solutions to the mid-market, RSM McGladrey has seen a surge in demand for cloud solutions from clients who desire the efficiencies, flexibility and cost benefits of the cloud. The firm turned to NetSuite to find a complementary cloud ERP solution to its other technology services practice areas. RSM McGladrey's consultants can combine their technical expertise and business savvy with NetSuite's click-not-code customization capabilities to quickly implement recommendations to clients, enhancing efficiency and profitability.

"As we worked with our clients to understand their business requirements, we recognized the need for a robust cloud-based ERP solution and began a diligent analysis of the available solutions," said Jon Caforio, RSM McGladrey National Leader, Technology Services. "We quickly realized the depth of NetSuite's solution combined with its development platform, configurability, and industry-specific functionality was clearly an excellent option for our clients as they work with RSM McGladrey consultants to grow their businesses, manage technology and mitigate risk."

"NetSuite is an ideal fit for RSM McGladrey's technology services strategy of enabling customers to focus on their core business, rather than worrying about patching and maintaining IT systems," said Jim McGeever, COO at NetSuite. "RSM McGladrey consultants, using NetSuite, can work collaboratively with clients to create new business opportunities rather than being distracted by the nuts and bolts of IT, which is increasingly becoming a commoditized service. We are excited to support RSM McGladrey's aggressive expansion into cloud computing."

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For more information about NetSuite, please visit www.netsuite.com.

About RSM McGladrey Technology Solutions

We understand how people, processes and technology interact to ensure organizational effectiveness. By combining technical expertise and business savvy with a full scope of IT services, we can assess complex situations, and devise and implement effective solutions quickly and cost effectively. For more information, join the RSM McGladrey Technology Services Facebook fan page, follow @McGladreyERP on Twitter and/or visit www.mcgladrey.com/technology.

About McGladrey

McGladrey is the brand under which RSM McGladrey, Inc. and McGladrey & Pullen, LLP serve clients' business needs. Together, they rank as the fifth largest U.S. provider of assurance, tax and consulting services, with 7,000 professionals and associates in nearly 90 offices. The two firms operate as separate legal entities in an alternative practice structure. McGladrey & Pullen is a licensed CPA firm that provides assurance services. RSM McGladrey is a leading professional services firm providing tax and consulting services. Both firms are members of RSM International, the sixth largest global network of independent accounting, tax and consulting firms. For more information, visit the McGladrey website at www.mcgladrey.com, join our Facebook fan page at McGladrey News and/or follow us on Twitter @McGladrey.

About McGladrey Alliance

McGladrey Alliance (www.mcgladrey.com/alliance) is a premier affiliation of independent accounting and consulting firms in the United States, with more than 90 members in 42 states and Puerto Rico. McGladrey Alliance member firms maintain their respective names, autonomy and independence and are responsible for their own client fee arrangements, delivery of services and maintenance of client relationships. McGladrey Alliance is a business of RSM McGladrey, Inc., a leading professional services firm providing tax and consulting services. For more information, call toll free 800-537-7163 or visit www.mcgladrey.com.

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 planned partnership between NetSuite and McGladrey. These forward-looking statements are based upon the current expectations and beliefs of NetSuite's management as of the date of this release, 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, the risk that NetSuite and McGladrey do not reach a final agreement regarding the proposed partnership or that either party decides not to move forward with the proposed partnership. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and NetSuite disclaims any obligation to update these forward-looking statements.

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SOURCE NetSuite Inc.