SAN MATEO, Calif.
June 13, 2013
/PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of
suites, today announced that the San Francisco Business Times has named NetSuite CFO
the Bay Area CFO of the Year for public companies with revenue up to
. The award recognizes a CFO who has made an outstanding contribution to his/her company's performance as well as to the greater Bay Area business community over the past year. Ron is one of the key drivers that led NetSuite to a record
in revenue for 2012, a 31 percent increase over the prior year. Ron plays a very important role in translating the company's vision—to transform how businesses operate so they can achieve their business vision—into execution and delivery.
Ron's efforts and focus have been key to NetSuite's business growth and it becoming the top performing public software company over the past three years. According to Morgan Stanley's Software Comparable Metrics report (
June 7, 2013
), NetSuite's 3-year stock price performance has outpaced all the other companies in their 31 stock universe, and is up over 540 percent over this 3-year period. Since 2010, NetSuite has also more than doubled its revenue and number of employees.
NetSuite was recently named one of America's 100 Most Trustworthy Companies based on
(GMI), and published by Forbes Magazine. Today, more than 16,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
Under the CFO of the Year program, a selection panel of business and academic leaders select from nominated CFOs based on six different categories incorporating a wide range of criteria, including individuals who have: managed rapid growth, achieved operational efficiency, improved and innovated risk management, steered a strategic acquisition or divestiture, created strategic partnership and implemented best practices in finance.