NetSuite

NetSuite Inc. is an American software company based in San Mateo, California, that sells an eponymous group of software services used to manage a business's operations and customer relations. Customers access these services over the internet paying a periodic subscription fee. NetSuite's services are primarily aimed at medium- to enterprise-sized businesses.

History

NetSuite was founded in 1998 by Evan Goldberg as NetLedger, web-hosted accounting software. NetLedger was later renamed to Oracle Small Business Suite and finally NetSuite. Goldberg is current chairman and chief technology officer.

On January 4, 2007, NetSuite named Moneyball General Manager Billy Beane of Major League Baseball's Oakland A's to its board of directors. Evan Goldberg cited Beane's ability to combine facts with instinct as an important factor in the decision to involve him in the company.

NetSuite became a publicly traded company after its initial public offering (IPO) of 6.2 million shares on the New York Stock Exchange in December 2007. Though NetSuite has shown a 149% increase in revenue in the five-year period from 2009 to 2014 it has incurred annual operating losses since inception.