New Release of NetSuite OneWorld Makes it Even Easier for Global Enterprises to Manage Business Processes in the Cloud

Worldwide Leader in Cloud-Based ERP Introduces More Multi-Company Functionality to Power Modern Global Businesses

SAN MATEO, California, September 30, 2010 - NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based
financials / ERP software suites, today unveiled the newest version of
NetSuite OneWorld, the world's first and most powerful cloud ERP solution for
complex, multi-national companies. NetSuite OneWorld 2010 now makes it even
easier for global enterprises to manage complex processes in the cloud,
further raising the bar for global ERP solutions with deeper functionality
and advanced ease-of-use. New features include complex multi-subsidiary
inventory management, deeper support for country- and local-specific tax
codes, expanded certification for the European market, greater control of
foreign currency amortization and revaluation, an advanced user interface,
and Google Apps integration. For more information about NetSuite OneWorld
2010, please visit www.netsuite.com/oneworld.

The unique power of NetSuite OneWorld is fueling NetSuite's global
growth. According to a market share report published in April 2010 by
Gartner, NetSuite grew market share faster than any other ERP vendor, amongst
top 10 financial management solutions across North America, and key markets
in Europe and APAC. Between 2007 and 2009, NetSuite grew market share by more
than 80% in North America, more than 88% in the UK and more than 83% in
Australia. By comparison, in the same period, in each of these countries, SAP
was stricken by declining market share.

"NetSuite OneWorld has shattered the myth that complex processes can't be
run in the cloud. Companies are using OneWorld to run their most complex
processes around the world with an ease that has to be seen to be believed,"
said Zach Nelson, CEO of NetSuite. "And not only is it easy to run a global
company with OneWorld, the solution is fast and easy to deploy. Most of our
customers are live in three to six months, as contrasted with the years that
it takes to roll-out traditional non-cloud software offerings."

"We have been able to switch several full-time employees to a true
analyst role," said Nestor Zwyhun, chief technology officer at TradeCard
(www.tradecard.com), an international supply chain collaboration
platform for brands, retailers and their trading partners, and based in New
York, NY. "NetSuite OneWorld seamlessly integrates the general ledgers of our
five international subsidiaries, each with its own currency. It is a huge
improvement in visibility and SOX compliance to have our books on a single
system now."

This latest version of NetSuite OneWorld incorporates a number of leading
features, including:

    -- Enhanced Global Inventory Management Eases Fulfillment -- NetSuite
       OneWorld 2010 introduces sophisticated inventory management for
       businesses with the most complex subsidiary structures, making it easy
       to transfer inventory between any subsidiary anytime, anywhere -
       through just a web browser. It introduces a new easy to use multi-step
       inventory fulfillment approach for moving items between subsidiaries,
       and enables global businesses to easily track the price of products
       moved between across subsidiaries.
    -- Simplified Tax Reporting in More Countries Than Ever -- Businesses
       with local operations that straddle multiple tax boundaries gain even
       more comprehensive automated country specific tax reporting and
       automated tax calculation with NetSuite OneWorld 2010 and deeper
       support for German, Netherlands, New Zealand, Canadian, and Philippine
       Taxes. Canadian operations can now submit their GST/HST tax file
       directly using GST/HST Internet File Transfer (GIFT). NetSuite is the
       first software company to receive CRA approval for GIFT.
    -- Multi-National Accounting Standards Compliance in Europe -- Global
       cloud computing momentum and adoption increases the importance of
       compliance with global accounting standards, and NetSuite OneWorld
       2010 rises to the challenge. NetSuite OneWorld is now certified for
       Austria and Switzerland accounting standards, after passing a
       stringent audit process conducted by IT Audit, independent software
       auditors. Certification against Austrian and Swiss accounting
       standards complements NetSuite's existing certifications against
       German accounting standards (German Auditing Standard PS 880),
       accreditation in the UK by the Institute of Chartered Accountants in
       England and Wales, and support for Japanese accounting standards.
    -- Expanded Global Currency Options -- NetSuite OneWorld Version 2010
       provides even deeper support for multiple currencies than ever before,
       with flexible foreign currency amortization, enabling greater control
       over the revaluation of amortized foreign denominated balances.
    -- Integration with Google's Cloud Productivity Suite -- NetSuite
       OneWorld now integrates with the world's #1 cloud productivity
       suite-Google Apps. This presents businesses the tantalizing
       opportunity to take their entire business to the cloud, offering
       tremendous savings and usability advantages, particularly for remote
       subsidiaries. NetSuite incorporates Google OpenID's trusted
       authentication system, and NetSuite administrators can control OpenID
       access via role-based permissions. Complimentary partner applications
       extend this native cloud-to-cloud integration to provide deep
       integration between NetSuite and Google Calendar, Gmail and other
       components of Google Apps.
    -- Advanced User Interface -- NetSuite OneWorld Version 2010
       introduces a cutting edge streamlined user experience, enabling users
       to become productive more quickly. The new, streamlined look and feel
       and simplified navigation make common tasks easy and require fewer
       clicks. It starkly contrasts with legacy ERP systems which employ
       aging interfaces from the pre-Internet era. The ease of use advantages
       of NetSuite OneWorld 2010 translates to a substantial productivity
       competitive advantage for global businesses.

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

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

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