NetSuite OneWorld Is the First Production SaaS Business Suite to Earn Financial Certification...

NetSuite OneWorld Is the First Production SaaS Business Suite to Earn
Financial Certification in Germany

NetSuite OneWorld Offers Multinational Companies Unique Tax and Audit Trail
Features for Financial Management in Germany

NetSuite Brings Cloud Computing to German Companies and Subsidiaries

SAN MATEO, Calif., June 29 /PRNewswire-FirstCall/ -- NetSuite Inc. (NYSE: N),
a leading vendor of cloud computing and integrated business software suites,
today announced that NetSuite and NetSuite OneWorld have become the first
generally available Software as a Service (SaaS) business management suites to
be certified by the German Institute of Auditors (Institut der
Wirtchaftsprufer in Deutschland e.V.). The certification validates NetSuite
suitability for use in regional divisions of multinational companies with
operations in Germany, or for use by companies headquartered in Germany.
NetSuite OneWorld is a complete business application with capabilities that
span business functions across the enterprise from Customer Relationship
Management (CRM) to Enterprise Resource Planning (ERP) and Ecommerce, and
offers businesses the opportunity to lower operating costs and eliminate
capital expenditures associated with on-premise systems by moving key business
processes to the Cloud. For more details on NetSuite for German businesses,
visit www.netsuite.com/de/.

The certification of NetSuite and NetSuite OneWorld for Germany is based on
the German Auditing Standard 880, "Issue and Use of Software Attestation
Reports" (IDW PS 880) issued by the Institute of Public Auditors in Germany
(IDW), ensuring compliance with Commercial Code (Handelsgesetzbuch), tax
regulations defined in the Fiscal Code (Abgabenordnung), IDW Accounting
Principles and generally accepted EDP-supported accounting and bookkeeping
systems (GoBS). In principle, the Standard requires systems to provide
controls, audit trail and reporting capabilities sufficient for a business to
deploy Sarbanes-Oxley-like policies and procedures. The audit also covered the
extraction of defined master data and transactional data from the system
database into external files, allowing data relevant for taxation to be
analyzed outside of NetSuite with standardized audit software routinely used
by the German tax authority.

Software certification audits in Germany can only be carried out by certified
public accountants or auditing firms (known locally as
"Wirtschaftsprufungsgesellschaft"). The law requires these firms to have
formal approval from Germany's National Chamber of Accountants
("Wirtschaftspruferkammer") and be majority owned by a firm of chartered
accountants. NetSuite's certification was carried out by IT AUDIT, a qualified
chartered accountants firm that specializes on controls in IT Systems and
Processes. Its engagement by NetSuite is governed by the General Engagement
Terms by which all audit firms must abide.

"NetSuite performed very well against all of our evaluation criteria, based on
the legal requirements, and we're happy to certify it for use in Germany,"
said Heiko Jacob, Partner at IT AUDIT GmbH.

"The rigorous audit certification represents an important, independent test of
NetSuite OneWorld and further establishes NetSuite as the leading choice for
companies seeking a complete cloud-based business suite for their companies in
Germany and across Europe," said Zach Nelson, CEO of NetSuite.

More than 40 NetSuite customers, either with headquarters located in Germany
or whose subsidiaries are based in Germany, are already enjoying the benefits
of NetSuite and NetSuite OneWorld.

YouGov plc (www.yougov.com) is a professional research and consulting
organization, pioneering the use of the Internet and information technology to
collect high quality, in-depth data for market research and stakeholder
consultation; providing companies with a rounded view of their staff,
customers, brands and investors, as well as assessing opinion amongst the
general public and the media. Psychonomics GmbH is its German subsidiary, and
YouGov has a number of other subsidiaries around the world. With NetSuite
OneWorld, the company is able to manage end-to-end business processes across
its global subsidiaries with a single consolidated view in real-time.

Alan Newman, Chief Financial Officer at YouGov plc, parent company of
Psychonomics GmbH said, "We are delighted that NetSuite has achieved
certification in Germany. A significant benefit is that it will enable us to
consolidate our German financial reporting into the overall global YouGov
operations. We will be able to take full advantage of NetSuite OneWorld's
multi-country, multi-currency functionality."

Warmup plc (www.warmup.co.uk) is the UK's leading manufacturer of electric
underfloor heating products. Founded in 1994, Warmup plc provides underfloor
heating to thousands of homes and businesses in Europe and the US. Warmup(R)
Underfloor Heaters have been designed with simplicity in mind, using the
latest technology to deliver a quality product at exceptional value. As a
global company, Warmup plc utilizes NetSuite OneWorld to manage end-to-end
business processes of its global operations for accounting and financial
management, light manufacturing, advanced shipping/receiving, multi-location
inventory, quotes, partner relationship management, and email marketing.

"As a Worldwide Supplier of underfloor heating, Warmup is no stranger to the
challenge of ensuring compliance with local regulation," said Damon Read,
Finance Director, Warmup Plc. "Each territory has its own particular
requirements and Germany is no exception. With NetSuite's new German
Certification we should now be able to maintain accounting and tax compliance
internally, thus reducing our requirement for costly external advisors. This
is good news for us and other NetSuite users who operate in Germany."

For more information about NetSuite, please visit www.netsuite.com.

NOTE: NetSuite and the NetSuite logo are registered service-marks of NetSuite
Inc.

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SOURCE NetSuite Inc.

Mei Li, NetSuite Inc., +1-650-627-1063, meili@netsuite.com