Research Calculations Show NetSuite

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Is the Fastest Growing Top 10 Financial Management System Globally

SAN MATEO, Calif.—April 28, 2014—NetSuite Inc. (NYSE: N), the industry’s leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that it is the fastest growing financial management system (FMS) vendor on a global basis in 2013, according to calculations performed by NetSuite with data from the Gartner report, “Market Share: All Software Markets, Worldwide, 2013,” published on March 28, 2014. According to the report data calculations, NetSuite is the fastest growing FMS within the top 10 by market share and the only pure cloud software provider among the top 20 FMS vendors on a global basis.
NetSuite demonstrated significant market share gains on many metrics, according to Gartner’s latest market share research on Financial Management Systems in 2013. They include:

On a global basis — NetSuite’s market share growth rate of 41.6 percent was nearly four times the rates of its closest competitor within the top 10 by market share.
In the mature APAC region, defined as Australia, New Zealand, Japan and Singapore, NetSuite was named the fastest-growing FMS vendor within the top 10 and the only pure cloud-based FMS in the top 20.
NetSuite was the fastest growing and only pure cloud FMS vendor in the top 20 in EMEA.
In North America, NetSuite was the fastest growing FMS vendor, the seventh ranked FMS vendor and the only pure cloud vendor in the top 10.

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