NEC Partners With NetSuite to Offer Leading Cloud ERP Solution Worldwide

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 NEC (NEC Corporation (NEC; TSE: 6701), a leader in the integration of IT and network technologies that benefit businesses and people around the world, today announced a strategic global partnership to expand the reach of cloud ERP solutions to worldwide enterprises. The partnership pairs NetSuite's world-class technology for ERP, CRM, Ecommerce and professional services automation (PSA) with NEC's unparalleled expertise in delivering customized, integrated solutions and best practices to large enterprises. The two companies together can provide sales, customization, integration and support to the worldwide market.

An important aspect of the NetSuite-NEC partnership is the Enterprise Gateway for NetSuite, new integration software from NEC designed to speed adoption of NetSuite's cloud capabilities by global corporations. The new software seamlessly integrates NetSuite's cloud platform with existing systems such as SAP and Oracle, and enables organizations to leverage data from established systems in real-time, enhancing business processes with the benefits of fast, flexible and scalable cloud capabilities. For more information about NEC Enterprise Gateway for NetSuite, please visit http://www.nec.com/enterprisegateway/.

"The NetSuite / NEC partnership brings together two industry leaders to focus on a major new business opportunity -- bringing best-in-class cloud ERP solutions to the enterprise," said Zach Nelson, NetSuite CEO. "Our combined efforts around two-tier ERP can enable organizations to standardize on the latest cloud computing technology, while retaining the power and value of their existing systems, and at a fraction of the implementation cost and time of a complete IT overhaul."

"Combining the core strengths of NEC and NetSuite establishes a solid foundation of technology, services and solutions expertise that can really deliver the strong benefits of two-tier ERP for large organizations," said Mr. Nobuyuki Nihira, General Manager of IT Software Support Division, NEC Corporation.  "The Enterprise Gateway for NetSuite provides a smoother and easier integration with the two-tier ERP model, enabling companies to meet their global strategies more efficiently. NEC is firmly behind the cloud service strategic solution for enterprises, enhancing the partnership with NetSuite in Japan and globally, including North America and Asia."

Enterprise Gateway for NetSuite, combined with the power of NetSuite OneWorld, the world's first and only fully integrated cloud business management platform for multinational and multi-subsidiary companies, empowers organizations to extend and expand to new markets quickly and easily, without the high costs and long deployment times associated with traditional on-premise ERP. NetSuite and NEC plan to deliver fast results to organizations seeking to employ a two-tier ERP strategy, maintaining existing enterprise solutions at the headquarters level while leveraging the benefits of rapid deployment and ease of use from NetSuite OneWorld at the subsidiary level. With the benefits of NetSuite's solutions, NEC expects to actively support its Japanese customer base in moving their business operations into the 21st Century, while simultaneously expanding into its global customer business.  

Through their joint efforts under the partnership, NEC and NetSuite plan to work together to sell hundreds of thousands of user subscriptions and licenses over the next three years.

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

About NEC Corporation

NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society.  For more information about the Enterprise Gateway, visit http://www.nec.com/enterprisegateway/. For more information, visit NEC at http://www.nec.com.  

NOTE: NEC is a registered trademark of NEC Corporation. All Rights Reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. ©2011 NEC Corporation

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SOURCE NetSuite Inc.