NetSuite Targets UK VARs With Ground-Breaking Program Offering Leading ERP Cloud Software and 100% Margins

NetSuite UK SP100 Programme Offers Rich Margins, Recurring Revenue, Free Training, and Marketing Support

LONDON, March 28, 2011 - NetSuite Inc. (NYSE: N), a leading vendor of cloud-based financials / ERP
software suites, today announced the NetSuite UK SP100, a new channel sales
programme targeting UK channel partners. The new program is designed to help
channel businesses meet customer demand for modern cloud-based solutions
while migrating away from their current reliance on on-premise business
models. The UK SP100 Programme includes a 100 percent margin payment offer on
first year license subscriptions, and incorporates the new "NetSuite
SuiteStart Service," which includes programme fee waivers, free training, and
comprehensive marketing support. Following its successful roll out in the US
over the past year, this UK version of SP100 brings together all the
components solution providers in the UK need to reinvigorate their
businesses.

With UK resellers still facing a challenging economic environment and
factors such as the increase in the rate of VAT, the SP100 Programme is an
ideal solution to allay reseller frustration over declining revenue streams
and sagging demand for legacy on-premise systems. The SP100 Programme and
SuiteStart Service give UK channel leaders the perfect opportunity to take
advantage of cloud-based business applications that are rapidly growing in
popularity among organisations of all sizes. The programme's upfront 100
percent margin offer gives UK resellers the revenue to cover their initial
investment in up-skilling to sell cloud computing services, helping them to
break-even more quickly and build recurring revenue streams for the future.
For more information about the NetSuite UK SP100 Programme, please visit
www.netsuite.com/portal/uk/landing/sp100/main.shtml.

The NetSuite UK SP100 Programme breaks the mould of traditional
on-premise revenue sharing. For qualified new customer transactions of 24
months or more, NetSuite UK SP100 partners realise the entire year-one
software subscription revenue, enabling them to quickly recoup costs of sale
and make a return on their initial equity outlay. The programme should be
particularly attractive to Sage and Microsoft VARs in the UK who have not had
an on-ramp to Cloud ERP, missing out on the most significant and disruptive
shift in business computing since the advent of client server. Under the
NetSuite UK SP100 Programme, partners will then enjoy 10 percent margin on
all subsequent renewals, establishing a lucrative recurring revenue stream as
the partners' NetSuite business grows. Based on a channel survey conducted by
NetSuite in 2010, the solution provider community emphasised the importance
of channel enablement as a criterion when selecting new vendors. The
SuiteStart Service was created with this feedback in mind.

"The success of the SP100 Programme in the US has shown that resellers
are ready to get into the cloud, but have found that many traditional
software vendors have been slow in developing applications that take
advantage of cloud economics," said Merrill Kindred, EMEA Channel Director,
NetSuite. "The business landscape is changing rapidly and VARs can't ignore
that more critical business processes are being transferred to the cloud.
With this new programme, UK resellers can safely cover their investment in
cloud technology and reinvigorate their business. It's the perfect
opportunity to add cloud computing to their portfolio with minimum effort and
risk."

The NetSuite UK SP100 Programme includes many of the key advantages
previously available to channel partners, including commissions paid on
customer collections. Most NetSuite customers prepay for service anywhere
from one to three years in advance, meaning the revenue split for the entire
period is available to partners as soon as it is paid. In addition NetSuite
remains the only top-tier cloud computing ERP suite provider who pays channel
partners for customer renewals, not just new sales. The key components of the
NetSuite SP100 Programme include:

    - The option to realise 100 percent of a new customer's
      first-year revenue and 10 percent of renewals in future years. New
      partners may also choose NetSuite's conventional revenue-sharing
      agreements while enjoying the other benefits of the SP100 Programme;
    - The NetSuite SuiteStart Service, designed to give partners
      immediate mastery of the cloud, and a shorter horizon to initial
      customer wins;
    - Waivers of first-year programme enrolment fees for new channel
      partners (an immediate 2,750 pounds Sterling value);
    - Free first-year training in the NetSuite sales training and
      methodology courses for up to three sales reps;
    - Comprehensive go-to-market support, including marketing
      templates, start-up leads, and access to on-going leads for
      top-performing partners;
    - A free NetSuite license for partners, in good standing, to use to
      operate their own business.

"The NetSuite SP100 Programme has provided us with a great platform in
which to introduce ourselves to the cloud computing space," said Murali
Reddy, Managing Director at Suprasoft. "The programme offerings gave us the
opportunity to start reaping rewards straight away, whilst having the support
and resources of NetSuite behind us."

"We have been a NetSuite partner for over six years, and during this time
there have been significant developments in the focus of the channel and the
support in place for partners, especially over the last couple of years,"
said Mike Risley, Commercial Director at Nolan Business Solutions. "The
support and various benefits NetSuite provides to its partners have enabled
us to take advantage of the cloud computing opportunity, whilst also
attracting new partners to the cloud and helping to grow their business."

To join the NetSuite UK Channel conversation on Twitter, follow
@NetSuiteUK.

For more information about NetSuite Inc., please visit
www.netsuite.co.uk.

NOTE: NetSuite and the NetSuite logo are registered service marks of
NetSuite Inc.

(Logo: photos.prnewswire.com/prnh/20090924/SF81218LOGO-b)

Mei Li of NetSuite Inc., +1-650-627-1063, meili at netsuite.com