Sydney, NSW (PRWeb) December 16, 2006 -- In a step towards a closer relationship with part owner MYOB Limited, NetReturn - distributor of integrated business application, NetSuite - will now operate as MYOB OnDemand.
The re-branding as MYOB OnDemand, will increase MYOB's visibility in the growing OnDemand application space, and provides even further impetus for online applications in the Australian market.
MYOB OnDemand is the exclusive distributor of the NetSuite range of integrated on-demand mid-market ERP, CRM and eCommerce solutions, in Australia and New Zealand. NetSuite is the global leader in providing hosted business management systems, with more than 9,000 customers worldwide.
MYOB Australia Managing Director Tim Reed stated, "We are very excited about the future of MYOB OnDemand. There is widespread acceptance that the online model is the future for many companies, particularly in the mid-market. As businesses grow, their needs change. Through this partnership we can provide an excellent solution for businesses challenged by multiple branches, a desire for integrated applications including eCommerce and for any mid-sized business that wants to focus on their business, not their IT infrastructure."
MYOB OnDemand CEO, Andrew Birch, added "Just over 12 months ago, MYOB purchased a stake in NetReturn, on the basis of delivering an outstanding scalable mid-market solution for fast growing Australasian businesses. Today, I'm able to say that the relationship is flourishing, that we are seeing great growth, and even greater potential, in the Australian market place. With NetSuite we have the best online application available in the world, and by extending the support of MYOB we are bringing the integrated OnDemand model into mainstream Australasian business."
NetSuite competes strongly against mid-market systems such as Microsoft Great Plains, SAP Business One and Sage AccPac. NetSuite excels through offering complete front-office to back-office integration and by delivering lower total cost of ownership (TCO). As a hosted OnDemand system, NetSuite eliminates the traditional time and cost of building and maintaining IT systems.
MYOB Australia Managing Director Tim Reed continued, "We're very pleased to extend this relationship, as we have complementary offerings and see great opportunities together. With this growing partnership we are delivering an outstanding scalable mid-market solution for fast growing Australasian businesses."
MYOB OnDemand has a rapidly growing customer base in Australia and New Zealand. MYOB has an option to acquire the remaining equity in NetReturn in either 2007 or 2008.
NetSuite is MYOB's preferred mid-range OnDemand business management and CRM solution.
NetSuite is distributed in Australia and New Zealand by MYOB OnDemand. NetReturn will remain as an online consulting company, and the umbrella name for the group.
For further enquiries, please contact:
Paul Goldsmith
P: 61 02 9779 0131
M: 0404871220
About MYOB OnDemand and NetSuite
MYOB OnDemand is the exclusive Australasian distributor of the NetSuite range of integrated online business applications. NetReturn Pty Ltd is a privately held company with investors including MYOB Limited, Commander Communications, Matrix Capital, Saltbush Annuity Growth Management and the David Shein consortium.
NetSuite is the world's leading integrated online business application with more than 9000 customers worldwide. Products include NetSuite, NetSuite CRM, and NetSuite Small Business Suite. NetSuite products have won many industry awards, including CNET UK, Enterprise Software Product of the Year, 2006 - CPA Technology Advisor -- 5-Star Rating, 2006 - Smallbusinesscomputing.com users select NetSuite, "Best ecomerce Product of the Year" - ISM Inc, CRM Small & Medium Business Software Award winner for 2006. This is the third straight year that ISM has selected NetSuite.
For a full awards list please see www.myob-ondemand.com.au/awards/awards.htm
Businesses interested in evaluating NetSuite should visit www. myob-ondemand.com.au or contact MYOB OnDemand in Australia on 1 300 738 879 or in New Zealand on 0800 543 371.
About NetSuite Inc
NetSuite, Inc. is the leader in on-demand business software suites and the fastest-growing software company in North America (source: Deloitte Fast 500 study). NetSuite enables companies to manage all key business operations in a single system, which includes accounting/Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce. NetSuite is delivered as an on-demand service, so there is no hardware to procure, no large, up-front license fee, and no complex set-ups. Finally, NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into role-specific business information that is always up-to-date.
The company's majority investor is Larry Ellison. For more information visit www.netsuite.com
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