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NetSuite

Logo: NetSuite, Public domain, via Wikimedia Commons5

American cloud based enterprise software company

NetSuite Inc. is an American cloud based enterprise software company. They provide products and services tailored towards small and medium-sized businesses (SMBs), including accounting, financial management, customer relationship management (CRM), inventory management, human capital management, payroll, procurement, project management, and e-commerce software. NetSuite was founded in 1998, and is currently headquartered in Austin, Texas.3 It employed 4,603 people in 2020.1 Its products include ERP software and Order management system.1 It ceased to exist in 2016.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1998Founded1
  • Industrycloud computing, enterprise software, software development, software industry, web hosting service1
  • HeadquartersAustin1
  • Founded inCalifornia1
  • Websitewww.netsuite.com
  • Legal formDelaware corporation1
  • Listed onNew York Stock Exchange1
  • Incorporated inDE6
  • Business address2955 Campus Dr, Ste 100, San Mateo, Ca 944036
  • Filer categoryLarge accelerated filer6
  • LEI549300GBY5VYCIKSRU874
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O Corporation Service Company, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 42675964

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NetSuite Inc. is an American cloud based enterprise software company. They provide products and services tailored towards small and medium-sized businesses (SMBs), including accounting, financial management, customer relationship management (CRM), inventory management, human capital management, payroll, procurement, project management, and e-commerce software. NetSuite was founded in 1998, and is currently headquartered in Austin, Texas. The company is seen as the first cloud computing software company, pre-dating Salesforce by roughly a month. Oracle acquired NetSuite for approximately $9.3 billion USD in November 2016. The Oracle NetSuite Global Business Unit is managed by Executive Vice President, Evan Goldberg.3

Corporate structure

NetSuite is part of a group headed by Oracle Corporation. 65 entities, 15 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What NetSuite reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Furniture and fixtures$15.7M8 Dec 31, 2015$9.3M8 Dec 31, 2014+68.7%
Computer equipment and software$20.6M8 Dec 31, 2015$16.0M8 Dec 31, 2014+28.1%
Leasehold improvements$26.9M8 Dec 31, 2015$14.9M8 Dec 31, 2014+80.0%
Property and equipment, before depreciation$197.1M8 Dec 31, 2015$138.9M8 Dec 31, 2014+41.9%
Accumulated depreciation$107.5M8 Dec 31, 2015$80.4M8 Dec 31, 2014+33.7%
Property and equipment, net$89.6M8 Dec 31, 2015$58.5M8 Dec 31, 2014+53.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$290.0M8 Dec 31, 2015$367.8M8 Dec 31, 2014−21.2%
Marketable securities, current$74.7M8 Dec 31, 2015$82.6M8 Dec 31, 2014−9.5%
Marketable securities, non-current$13.9M8 Dec 31, 2015$9.1M8 Dec 31, 2014+51.8%
Debt securities available for sale$115.7M8 Dec 31, 2015$252.6M8 Dec 31, 2014−54.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$292.0M8 Dec 31, 2015$123.0M8 Dec 31, 2014+137.3%
Intangible assets, net (excluding goodwill)$61.0M8 Dec 31, 2015$32.4M8 Dec 31, 2014+88.2%
Finite-lived intangibles, gross$112.7M8 Dec 31, 2015$66.7M8 Dec 31, 2014+69.1%
Accumulated amortization$51.7M8 Dec 31, 2015$34.3M8 Dec 31, 2014+51.1%
Finite-lived intangibles, net$61.0M8 Dec 31, 2015$32.4M8 Dec 31, 2014+88.2%

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

The company began in 1998, with a five minute phone call between Evan Goldberg and Larry Ellison where they discussed the idea of selling software over the internet, leading Evan Goldberg to found NetLedger. NetLedger offered web-hosted accounting software. The company was seeded with start-up money from Ellison who was Oracle's CEO, and it employed numerous staff previously employed at Oracle including the chairman, CTO, and other management who transitioned from Oracle to NetLedger. At one time, NetLedger was licensed to Oracle, branded as the Oracle Small Business Suite; however, that experience was short-lived, and the licensing deal was cancelled in 2004.

In July 2002, Zach Nelson was appointed CEO. In September 2003, the company officially changed its name from NetLedger to NetSuite, Inc. to reflect the company expanding its offerings to a suite of business applications beyond accounting.

On January 4, 2007, NetSuite named Oakland A's General Manager Billy Beane (of Moneyball fame) to its Board of Directors. 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. It traded under the single-letter ticker symbol "N". On July 28, 2016, Oracle announced it had offered to purchase NetSuite for $9.3 billion. The deal closed in November. Up until the Oracle acquisition, Goldberg was the chief technology officer and chairman of the company.

NetSuite celebrated its 25th anniversary in 2023.

NetSuite headquarters are located in Austin, Texas. NetSuite has additional offices in Colorado, California, Illinois, New York, and abroad.

NetSuite Next is an update to Oracle NetSuite’s enterprise resource planning (ERP) platform that introduces embedded artificial intelligence and natural-language workflows to change how users interact with the system. The update also includes interface changes and AI-assisted features intended to enable task execution through conversational inputs and reduce reliance on traditional menu-based navigation.

In 2026, NetSuite expanded its partner program with the development of SuiteApp.AI Marketplace. The Marketplace is meant to assist partners with AI adoption by integrating with ERP workflows.

From Wikipedia’s article on NetSuite, shared under CC BY-SA 4.0.7

Leadership

Who has led NetSuite, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Zachary Nelson2007–2016

Chair

  1. Evan Goldberg2007–2016

President

  1. Zachary Nelson2007–2016
  2. Marc Huffman2014–2016
  3. James McGeever2016

Chief financial officer

  1. James McGeever2007–2010
  2. Ronald S. Gill2010–2016

Chief operating officer

  1. James McGeever2010–2016
200020052010201520202025
Board members and other officers (11)

Products and brands

  • ERP software
  • Order management system
  • accounting software
  • customer relationship management software
  • inventory management software

Listed on Wikidata.1

NetSuite offers a suite of cloud-based business management applications. The platform can support accounting capabilities like general ledger, accounts payable, accounts receivable, cash management, tax management, purchasing and inventory and order management, along with optional modules like customer relationship management, e-commerce, human resource and workforce management, payroll management, professional services automation, warehouse management and supply chain management. The cost of a NetSuite subscription is not fixed: it depends on the modules selected and the number of users. The platform is accessed via the cloud and all data is centralized and stored in the cloud, allowing users to access data from different devices and countries. Fixed asset management, revenue recognition, planning and budgeting, and subscription billing are also available. Multi-entity and global accounting and consolidation functionality is available at additional cost via NetSuite's OneWorld module, which supports 27 languages, and multiple currencies and tax codes. As with other cloud-based applications, periodic upgrades offer clients access to current features and functionality more readily than they would have been able to achieve using on-premises code.

NetSuite offers analytics and reporting, which use the centralized data to provide real-time visibility into client company operational and financial performance. Pre-configured role-based dashboards and key performance indicators allow users to monitor business performance. NetSuite Analytics Warehouse is a cloud-based analytics platform that consolidates NetSuite and external data for advanced reporting and analysis using Oracle Analytics Cloud and Oracle Autonomous Data Warehouse.

The SuiteCloud Platform is NetSuite's environment for extensibility and customization, enabling developers and partners to build and deploy applications and workflows throughout the system. It supports third-party integrations and partner-developed applications and was expanded to include tools for incorporating artificial intelligence and workflow automation.

In February 2026, NetSuite introduced the NetSuite Integration Platform, a low-code tool created to automate complex business processes.

Read the full text

The NetSuite AI Connector Service is an integration framework that allows external artificial intelligence systems, including large language models, to access and interact with NetSuite data and workflows. It uses the Model Context Protocol (MCP) to provide a standardized interface for data queries and actions within the system, subject to existing access controls.

From Wikipedia’s article on NetSuite, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

Also owns

Ultimate parent

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Acquisitions

2008: OpenAir – web-based timesheets and expense reports

2009: QuickArrow – web-based professional services automation application

2013: Retail Anywhere – retail e-commerce software

2013: TribeHR – human resource software for small to medium-sized businesses

Read the full text

2013: Order Motion – cloud-based direct-to-consumer order management system

2013: LightCMS – content management software

2014: Venda – retail e-commerce software

2014: eBizNET solutions – advanced warehouse management

2015: Bronto Software – email service provider

2015: Monexa – subscription billing and recurring payment

2021: FarApp – provides e-commerce, logistics, retail, and hospitality connectors for Oracle NetSuite

2022: Verenia CPQ – allows customers to generate sales proposals directly from NetSuite ERP

2022: ADI Insights – overtime management, time capture, demand forecasting, and shift scheduling

2023: Next Technik – Field Service Management

From Wikipedia’s article on NetSuite, shared under CC BY-SA 4.0.7

Employees over time

  • 20204,6031

Former names

  • NETLEDGER INCFeb 21, 2002 to Jul 8, 20036

Timeline

  1. 2016Dissolved Dissolved1
  2. Dec 19, 2007New chief executive Zachary Nelson becomes CEO9
  3. 1998Founded Founded in California1

SEC filer profile

How NetSuite is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNETSUITE INC2
  • CIK0001117106
  • Employer ID (EIN)94-33104712
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • Business address2955 Campus Dr, Ste 100, San Mateo, CA 944032
  • Phone650-627-10002
  • Shares outstanding81,474,696 as of Oct 26, 201627
  • Public float$3.5B as of Jun 30, 20158
  • On EDGAR sinceFeb 21, 20022
  • Filings1,482 in all: 4 (1,161), 8-K (79), 4/A (35), 10-Q (27), 3 (21), UPLOAD (18), CORRESP (14), SC 13G (12)2
    All 44 form types

    SC 13G/A (12), S-8 (11), 10-K (9), DEF 14A (9), SC 14D9/A (7), 5 (6), S-1/A (6), SC TO-T/A (5), REGDEX (4), SC 13E3/A (4), SC TO-C (4), SC14D9C (4), 8-K/A (3), CT ORDER (3), D (2), REGDEX/A (2), SC 13D (2), SC 13D/A (2), SC 14D9 (2), SC TO-I/A (2), 15-12B (1), 25-NSE (1), 424B4 (1), 8-A12B (1), ARS (1), CERTNYS (1), DEFA14A (1), DEFR14A (1), EFFECT (1), FWP (1), PRE 14A (1), S-1 (1), S-8 POS (1), SC 13E3 (1), SC TO-I (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2016
    Quarterly report (10-Q) Oct 28, 2016
    Proxy statement (DEF 14A) Apr 29, 2016
    Latest 8-K (8-K) Nov 8, 2016

Sources

The numbers on this page point here. Each one links to the record it came from.

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