Leading Universities Take Higher Education To The Cloud With NetSuite

Thirteen Leading University Accounting Programs in North America OptedOut of On-Premise Software to Teach NetSuite. Thousands of Students Learn Real-World Business Operation Skills onNetSuite Cloud

SAN MATEO, Calif.— Sept. 13, 2011 — NetSuite Inc. (NYSE: N), theindustry’s leading provider of cloud-based financials / ERP software suites, todayannounced that thirteen North American university accounting programs havemade the move to the cloud by adopting NetSuite as a key component of theirdegree curricula. Purdue University; University of California, Los Angeles;University of Toronto; Arizona State University; Indiana University; MariettaCollege; University of Hawaii at Manoa; University of Nevada, Las Vegas; SantaBarbara City College; The Citadel; Bellevue University; Richard StocktonCollege of New Jersey and North Georgia College & State University are amongthe institutions that have embraced NetSuite for many of the same reasonsthousands of companies worldwide have switched from on-premise software to theNetSuite cloud—to keep pace with 21st century business and computingtrends, avoid integration hassles, and escape the vicious cycle of softwareupgrade and maintenance costs caused by on-premise software such as SAP, Microsoft Dynamics Great Plainsand QuickBooks. The NetSuite cloud business solution is predominantlyintroduced in the third and fourth year of degree programs, meaning that thenext generation of managers, entrepreneurs, and business professionals can cometo the job market with a stronger understanding of business operations and aclear understanding of the power of cloud computing.

Higher education accounting programsare increasingly recognizing that the same trends affecting the global businesscommunity are reflected in the classroom environment. As the demand forcloud-based business management solutions grows, tomorrow's business leadersmust be ready to hit the ground running with an understanding of the cloudcomputing revolution. "Cloud-based business systems like NetSuite are thefuture of business, and we are excited that so many universities interested inpreparing their students for a modern workplace have moved their curriculum toNetSuite,” said Marty Réaume, NetSuite Chief People Officer. "Equallyimportant, universities can also reduce their cost of educating students, asNetSuite removes the enormous costs of managing, upgrading and refreshing theon-premise systems used in the past.”

Feedback from universities thathave already included NetSuite in coursework indicates that the world's leadingcloud business solution has enhanced the learning experience for students byproviding more practical experience and a better understanding of process flowsand revenue cycles throughout an entire organization. Because NetSuite isdelivered through the cloud, it can be accessed from anywhere on campus, ratherthan tied to a crowded computer lab which requires special IT attention.

"There is no substitute forhands-on experience. NetSuite is a great software service. Utilizing it forsharing with the higher education community provides a great opportunity foreffective teaching and student learning,” said Professor Robert Sorensen,Purdue University. “My students can now go to job interviews and say they haveexperience using NetSuite.”

“The NetSuite service providesstudents hands-on experience with an ERP system they can access outside theclass lab. The cloud-based service allows students to work on NetSuite as muchor as little as they choose, at times convenient for them, rather than beingconstrained by lab availability,” said Professor Jerald M. Savin, FIMC, CMC,CPA, University of California, Los Angeles. With these recent adoptions,thousands of university students now learn NetSuite skills as part of theircollege curriculum.

Today, more than 10,000 companiesand subsidiaries depend on NetSuite to run complex, mission-critical businessprocesses globally in the cloud. Since its inception in 1998, NetSuite hasestablished itself as the leading provider of enterprise-class cloud ERPsolutions for divisions of large enterprises and mid-sized organizationsseeking to upgrade their antiquated client/server ERP systems. As the leadingprovider of cloud-based solutions, NetSuite excels at streamlining businessoperations. As demonstrated by the 2011 CODiE Award for Best FinancialManagement Solution, as well as a recent Gartner study naming NetSuite as thefastest growing financial management systems vendor in the world, NetSuite hascontinued its success in delivering the best cloud business solutions tobusinesses around the world, enabling them to lower IT costs significantlywhile increasing productivity, as the global adoption of the cloud isaccelerating.

Follow NetSuite's Cloudblog, NetSuite's Facebook page and @NetSuiteTwitter handle for real-time updates.

For more information aboutNetSuite, please visit www.netsuite.com. For information on how to include NetSuite inyour educational programs, please contact Mark Bidwell atmbidwell@netsuite.com.

NOTE: NetSuite and the NetSuite logo are registered servicemarks

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