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TheStreet Open House

NetSuite Launches Next-Generation Cloud Manufacturing Solution

A host of market data reinforces the shift in the cloud from legacy on-premise systems to modern cloud applications:

In a May 8, 2013 report by Investment Banking Firm Barclays, SAP's "core" business (defined by Barclays as license sales excluding Hana and Mobility) shrank by 9.2% in 1Q13, and shrank by .4% over a rolling 4 quarters[1].  On the other hand, NetSuite's continued investment in manufacturing functionality and manufacturing capabilities has resulted in more than 60% growth in 2012 total manufacturing bookings over the prior fiscal year.

"While SAP is busy talking about database technologies that are irrelevant to manufacturers, NetSuite is investing in next-generation cloud application solutions and partnerships that transform manufacturers' capabilities.  And NetSuite's fast-growing customer base of manufacturers testifies to the appetite of global manufacturers for the transformational capacity of cloud solutions," said Zach Nelson, NetSuite CEO.

A survey of manufacturers by the research and advisory firm Mint Jutras, found that interest in cloud ERP for manufacturing rose to a record high of 51 percent in 2012, up from 42 percent in 2011.

"According to my latest ERP survey, world-class manufacturers are willing to consider cloud-ERP over on-premise by more than a 2 to 1 margin," said Cindy Jutras, Analyst at Mint Jutras. "This could have a very significant impact on ERP selection in the future.  NetSuite is well-positioned to take advantage of this trend with their continued investment in functionality to run an entire manufacturing business."

Gartner, meanwhile, has predicted that 47 percent of manufacturers worldwide will be using or piloting Software as a Service (SaaS) applications by 2015, up from just 2 percent in 2010[2].

Manufacturing customers like Anisa International, Flogistix, PrimaLoft™, EndoChoice, Memjet, and Jawbone have helped to drive NetSuite's success in the market. This year, Better Energy Systems became the fourth NetSuite customer in a row to receive an annual ML100 award. It joined Malcolite Corporation (2010), Laguna Tools (2011), and GoPro (2012) as recipients of the prestigious industry award for manufacturing leadership. NetSuite's agility and manufacturing functionality has been a game changer for these businesses, helping them transform their business operations.

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