NetSuite and CRN Present Roadmap to Cloud Opportunities for Solution Providers

SAN MATEO, Calif., Sept. 23, 2011 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the details of a special Web event to help high-tech solution providers understand the ongoing seismic shift, cloud opportunities and new revenue models in enterprise technology. The ChannelCast webinar, "Roadmap to Cloud ROI for VARs: How SaaS is Fueling the Most Successful Cloud VARs" will feature Andrew Hickey, Senior Editor at CRN, and Craig West, Vice President, Americas Channel at NetSuite. This ChannelCast will look at the available market for SaaS and cloud computing, dig into some of the predictions of where these markets are heading and examine how solution providers can best stake their claim in this fast-paced, evolving ecosystem. With established technologies like SaaS, and emerging application opportunities, solution providers stand on the precipice of cloud domination and massive success. The event will be held September 27th at 11:00 a.m. PDT (2:00 p.m. EDT). Register now for the event at http://bit.ly/everythingchannel_NS.

Today's enterprise computing market presents significant challenges to the traditional VAR business model. The channel's share of IT expenditures is shrinking and so is the number of solution providers. Solution providers want to be able to cut through the noise and clutter, and attract more customers and clients, with a business model that can support both present and future growth. With capital expenditures falling and cloud computing spending expected to reach $2 billion in 2012, as according to Gartner, Inc., the time to embrace the cloud is now.

"We know that VARs are keenly interested in the opportunities awaiting them in the cloud, but we also know that there is an abundance of companies claiming to be part of the cloud market, creating a great deal of confusion," said West. "NetSuite presents an opportunity, proven in over 10,000 companies and subsidiaries worldwide, for VARs to become part of a vibrant, active, and growing cloud computing channel today."

During this one-hour webinar, attendees will:

• Examine solution provider market opportunities in cloud computing, specifically SaaS
• Present predictions for cloud computing markets
• Explain how solution providers with a vintage business model can evolve towards progressive and transformative cloud VARs
• Demonstrate proven and lucrative strategies for solution providers to migrate to cloud offerings

Join NetSuite and CRN on September 27th to learn about end-to-end business opportunities in the cloud for VARs, system integrators, and developers.

Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

For more information about NetSuite, please visit www.netsuite.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 future growth of the cloud computing market. 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 of continued adverse and unpredictable macro-economic conditions or reduced investments in on-demand applications and information technology spending. 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.