, its direct sales organization focuses on selling to medium-sized businesses and divisions of large companies. Indirect sales are generated through its relationships with channel partners in North America, Latin America, Europe, and the Asia-Pacific region. Business Strategy The major elements of the company’s strategy include expanding its leadership in cloud-based, integrated business suites; further penetrating global enterprises; tailoring its offering to customers' specific industries; improving its customer base and expanding use of its service within existing accounts; fostering the continued development of the NetSuite partner network; addressing the multinational business requirements of its clients; and enabling its clients to deliver an omni-channel customer experience. Product Development The company’s product development expenses were $78.3 million during the year ended December 31, 2013. Signiifcant Events NetSuite Inc. and SPS Commerce, Inc. announced that both companies are transforming the retail ecosystem to keep pace with the needs of the omnichannel consumer with a consistent experience across any touchpoint, any channel, anytime, anywhere. In May 2014, NetSuite Inc., the industry's provider of cloud-based financials/ERP and omnichannel commerce software suites, announced a next-generation user interface that extends its leadership and innovation in creating business management software suites in the cloud. In May 2014, Wipro Ltd., and NetSuite, have launched Finance and Accounting Business-Process-as-a-Service, or F&A BPaaS, solution for enterprises. In September 2014, NetSuite Inc. has announced a strategic partnership with Maxwell Health that combines Maxwell's cloud solution for employee healthcare and benefits administration with the NetSuite TribeHR human capital management, or HCM, platform. Competition The company’s principal competitors include Epicor Software Corporation; Intuit Inc.; Microsoft Corporation; Oracle Corporation; SAP AG; The Sage Group plc; and salesforce.com, inc. History NetSuite Inc. was founded in 1998.
netsuite inc (N:New York)
2955 Campus Drive
San Mateo, CA 94403
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