Just a quick congratulations to NetSuite on their successful IPO this week! The 20:1 reverse split certaintly didn't help my personal cause, but I'm happy to see a company I worked for enjoy some success! Congratulations to everyone!
How about Larry Ellison, eh? Love him or hate him, you have to respect him. He certainly is on a roll right now. Oracle is doing extremely well, his much criticized acquisition strategy is really paying off, and he hits a home run with NetSuite (approx. $1B to Larry's worth after the IPO).
I'm not surprised to see NetSuite succeed as I always thought it was a brilliant idea! It has taken longer for the concept to gain acceptance and proliferate, but as people become more comfortable with their critical data being housed outside their own walls, they should continue to accelerate their growth.
NetSuite truly fills an open market segment between Intuit's QuickBooks and "enterprise" software from Oracle, SAP, etc. Where else can a small, growing company turn for a complete business software solution?
The added benefits to NetSuite's offering is that the customer's don't have to invest or manage the computing infrastructure. For a small company, this can really help take a lot of cost out of supporting the business. Not to mention doing a tech refresh every couple of years to "keep up" with technology advancements. All the upgrades are on NetSuite to manage, the customer just pays their subscription fees. And no more messy, complicated software upgrades. Done for you. Brilliant!
Some ideas take a while to mature, and NetSuite is the right company with the right idea, so their much anticipated success is well deserved.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment