Contact:
Mei Li
Senior VP, Corporate Communications
Phone: 650.627.1063
E-mail: meili@netsuite.com
NetSuite, Inc.

NetLedger, the Pacesetter ASP for Small Business, Celebrates Milestone Year
Strategic partnerships, breakthrough technology and a rapidly-growing customer base firmly establish NetLedger as a market leader.

San Mateo, CA. - November 30, 2000. NetLedger's addition of e-commerce features in its 5.0 version marks the latest of many milestone achievements the company has reached since its launch in August of 1999.

In just over a year, NetLedger has established a rapidly-growing customer base, released five major upgrades of the NetLedger ™ service, expanded internationally with NetLedger™ Canada, and implemented significant alliances with partners such as Yahoo!, ADP, Oracle, and OfficeMax. NetLedger's track record of delivering an updated version every 10-12 weeks has allowed the company to continuously provide its customers breakthrough functionality. Starting with Web-based accounting as a core, NetLedger turns the small business accounting system into a powerful e-business tool. This tool delivers capabilities including online commerce, expense reporting, online customer ordering, online credit card processing, payroll, and employee, customer and supplier remote access.

"NetLedger has had a consistent vision from its founding in 1998: provide an integrated, powerful, easy-to-use system to run a small business, giving it the tools it needs to succeed in the Internet economy" said Evan Goldberg, founder and chief executive officer of NetLedger, Inc. "The addition of online commerce capabilities is a major step towards a complete solution, and it will be followed quickly by other major enhancements. These new capabilities along with our open platform and extensive technology partnerships allow a small business to grow faster, streamline its operations, and communicate in real time among its customers, employees, and suppliers."

In addition to major extensions to its service, NetLedger has also announced several important alliances in the past year, including Yahoo! Inc., who integrated NetLedger's anytime, anywhere online business services into the Yahoo!® Store, and ADP, who integrated NetLedger's accounting solution with EasyPayNet SM, an online payroll solution. NetLedger has signed an agreement with Oracle to become the first small business solution on the Oracle Internet platform. Companies such as Paytrust, OfficeMax , OneCore.com, and Stamps.com are just a few of the many other companies to integrate NetLedger with their services, providing their customers with additional benefits. NetLedger has also secured several dozen co-branding and distribution partnerships in the past year. Most recently, NetLedger has partnered with broadband-application service provider, C3Communications to bring high speed Internet connection to ASP users.

In keeping with the fast pace of technology, NetLedger also pioneered the first XML standard designed specifically for the small to medium business community: SMBXML™. This new standard has enabled NetLedger and other ASPs to integrate, thus delivering enhanced business solutions.

As part of a fast and reliable Internet business service, NetLedger launched a consolidated data center backed by breakthrough technologies from Oracle, VA Linux and Network Appliance. The data center has established NetLedger as one of the world's largest Oracle deployment on Linux. The launch of the data center attests to NetLedger's commitment to delivering the ultimate small business solution with the security, reliability, scalability and capacity ever made available in today's marketplace.

NetLedger secured $20 million dollars in its last round of financing from StarVest Partners L.P. Automatic Data Processing Atlantic Inc. (ADP), and PaineWebber Group Inc. Larry Ellison continued his support for NetLedger in this round.

Over the next year NetLedger will remain focused on its key priorities: round out the ultimate small business system, accelerate customer acquisition, deliver fast and reliable services, provide more value to each customer, and grow a great company that's firing on all cylinders.

For more information about NetSuite please visit our Web site at www.netsuite.com.

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