NetSuite Files for IPO

NetSuite got off to a slow start, but it is finally on a growth path.

The software-as-a-service maker, founded in 1998, filed its first registration statement Monday with the Securites and Exchange Commission for its initial public offering. It expects to issue a small stake to the public, of up to $75 million in shares, through a Dutch auction.

The San Mateo, Calif.-based maker of customer-relationship-management software had revenue of $67.2 million in 2006 and is a smaller competitor to Salesforce.com(CRM Quote), which was founded in 1999 by former Oracle(ORCL Quote) executive Marc Benioff. ...