A Tenth Revolution Group Company

Netsuite News: January 2017

By Stephen Silver

NetSuite presented to the National Retail Federation’s Big Show at the Jacob Javits Center in New York on January 15, 16 and 17

The company delivered a series of 15-minute presentations on The Path to Omnichannel Success, as attendees were invited to see how NetSuite’s cloud-based omnichannel commerce platform can help create a seamless customer journey.

Also on January 16, NetSuite’s new parent company, Oracle, presented its Oracle CloudWorld NYC event, in which CEO Mark Hurd delivered a keynote address about the future of the cloud.

Executives from NetSuite and Oracle also appeared at the New York Stock Exchange, just over a month after the exchange delisted NetSuite stock following the merger.

At the event, Hurd, NetSuite’s Zach Nelson and other executives rang the closing bell at the Stock Exchange, while also, in a special event in the Exchange’s boardroom, talking about the plans for the future.

NetSuite made a series of announcements about its expansion in certain industries, which was made possible by the Oracle deal:

  • NetSuite Global Business Unit announced that it would make big moves into three areas: retail (especially apparel, footwear, and accessories), along with advertising agencies and college bookstores.
  • The new initiatives will include an expansion of the Retail Apparel Edition of its software, while also building on its existing Agency Workflow and NetSuite Campus Store Suite. The company also said that more moves into further sub-segments are on the way.

“Given the recent acquisition by Oracle, the NetSuite Global Business Unit now has an even greater breadth of resources and greater depth of domain knowledge about the demands of vertical industries and the segments within them,” Ranga Bodla, NetSuite’s head of industry marketing, wrote in a blog post after the event.

“Combining these resources with NetSuite’s 18 years of experience in building a system to run a business from the cloud gives us the opportunity to move quickly to address new industry segments.”

In other news:

  • Early-bird pricing for SuiteWorld17 has been extended by a week to January 27. The event’s logo has been changed to include Oracle.
  • NetSuite Users Groups held their first meetings of the year in January; for Rocky Mountain group on January 18 and the Wisconsin and San Diego groups on January 19. More will follow in the coming months.
  • NetSuite’s Zach Nelson published an interview in Forbes’ Brand Voice section in which the longtime CEO-turned-evangelist shared five lessons from the original cloud company. What were the lessons? Every company is a cloud company. Embrace hybrid business models, deliver omnichannel experiences, use the power of data aggregation, and change is the only constant.

Last but not least

NetSuite featured in the top 10 of a new list of the best companies for women.

According to the survey from InHerSight, NetSuite ranked seventh on the overall list of Top Companies for Women, behind Title Source, Procore Technologies, The Boston Consulting Group, The Motley Fool, Netflix, and Facebook—but ahead of PayPal, Google and CEB.

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