NetSuite Files for IPO
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In an auction-style public offering, hosted-software maker seeks to raise $75 million--and to stay under Larry Ellisonâs control.
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InfoWorld - NetSuite, a provider of&#160;hosted applications for midsize businesses, will announce Thursday that it has beefed up the electronic commerce capabilities of its software suite and has teamed up with online auction giant eBay Inc. in order to attract larger electronic retail (e-tail) customers.
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Nextance last week announced its Intellectual Property Optimization Suite, which enables users to manage valuable intellectual property (IP) assets and associated contractual agreements in order to more effectively optimize revenue and mitigate legal risk related to IP. Nextance's IP Optimization Suite manages the entire lifecycle of IP assets and addresses such issues as underutilized IP assets, underpaid licensing and royalty revenue, unnecessary risks related to legal compliance, and sluggish time-to-market for new solutions that increasingly depend on IP. Pricing starts at $500,000 and ranges to over $1,000,000 depending on the size of the organization and sophistication of the implementation.
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Make way for a flood of additional Securities and Exchange Commission filings. That's the message from observers who expect new SEC rules taking effect Monday to more than double the number of regulatory filings known as Form 8-Ks.
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This software company helps companies boost revenues and has caught the attention of IPO investors.
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Blackstone Group's  initial public offering is seeing heavy demand from investors vying for shares of the biggest U.S. IPO in five years, which is expected to price on Thursday.
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Och-Ziff files for IPO in wake of less-than-superlative Blackstone offering.
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Danversbank is headed to Wall Street. The $1.2 billion-asset bank has applied to the state Division of Banks to become a publicly traded company. The bank filed an application last week to convert from a mutual bank, owned by its depositors, to stock ownership. Sandler O'Neil and Partners LP, an investment bank, will handle the stock sale, which must be ...
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NetSuite Inc, a software maker  majority-owned by Oracle Corp  Chief Executive Larry  Ellison, on Tuesday raised the estimated price range for its  initial public offering to $16 to $19 per share and said it is  conducting the IPO as a modified Dutch auction.
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Before you get involved in an initial public offering, learn how IPOs work.
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NetSuite on Wednesday&#160;boosted the estimated price range for its IPO&#160;(initial public offering) for the second time in just two days, according to a filing with the U.S. Securities and Exchange Commission. The range now stands at $19 to $22, after NetSuite raised it to $16 to $19 on Tuesday.The hosted business software company initially set the range at $13 to $16.NetSuite is running the IPO as an&#160;online auction, in the same fashion of search giant Google, rather than following the traditional route of having underwriters set the price.The stock is expected to be priced after the stock market&#39;s close Wednesday. It will be listed on the New York Stock Exchange under the symbol &quot;N.&quot;NetSuite, which sells a line of hosted business software, is putting up 6.2 million shares of common stock. The company said Wednesday it believes it will net about $115.9 million from the IPO after expenses.NetSuite has said it plans to use proceeds from its IPO to pay off an $8 million balance on a line of credit with Tako Ventures, an entity controlled by Oracle CEO Larry Ellison, and to possibly make acquisitions.Ellison controls about 60 percent of NetSuite&#39;s outstanding stock -- some 31.9 million shares.NetSuite said Wednesday that Ellison has now completed the transfer of those shares into a holding company, NetSuite Restricted Holdings. The move is meant to &quot;effectively eliminate&quot; Ellison&#39;s voting power and avoid potential conflicts of interests, NetSuite said.&#160;
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(InfoWorld) - NetSuite announced Thursday that three of its partners now provide extensions to the vendor's hosted midmarket applications suite so that the software will run on mobile devices. NetSuite's eponymous integrated SaaS (softwareÂ as a service) online suite includes ERP, CRM, and e-commerce functionality. The company mostly targets SMBs looking to move up from entry-level accounting software like Intuit's QuickBooks to more sophisticated applications on which to run their firms' operations. The partners -- Antenna Software; Explore Mobile, a wholly owned subsidiary of Explore Consulting; and iEnterprises -- have used NetSuite's SuiteFlex application development and integration software to build extensions to the NetSuite suite so it can be accessed wirelessly by users of BlackBerry, Windows Mobile, and Palm Treo devices. Being able to access NetSuite on a mobile device will enable a remote user to see a customer's history, take product orders, update pricing, and generate quotes for orders in real time, according to Zach Nelson, CEO of NetSuite. Using SuiteFlex, which NetSuite debuted in October, customers and partners can also customize the suite's role-based user interface for mobile devices, Nelson said. The vendor expects to continue to rely on partners to supply mobile capabilities for its software, while NetSuite concentrates on further development of its suite. "We'll focus on the things we can do best," he added. NetSuite's approach to making its SaaS offerings available as mobile applications is markedly different from that adopted by Salesforce.com, its prime competitor in the hosted CRM space. In April 2006, Salesforce made its first-ever purchaseÂ acquiring one of its partners, wireless technology developer Sendia, for $15 million in cash. The vendor also launched AppExchange Mobile, technology based on Sendia's software, allowing customers to access on-demand applications from Salesforce and its partners from their handheld computers and smartphones. Salesforce said that the technology also made it possible for developers to write their wireless applications once and not have to tweak them for each mobile device operating system. NetSuite will refer customers seeking mobile access to its software to its three partners and may add more partners, Nelson said. The partners will provide support for the extensions, and pricing is up to the partners with Nelson expecting each extension to typically cost $25 per user per month. Nelson also positioned the news as a validation of NetSuite's SuiteFlex software, showing it can be used to not only develop specific vertical applications but also to help create horizontal applications that run across a wide variety of industries.
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(InfoWorld) - If the mountain won't come to Mohammed, then Mohammed will come to the mountain, goes the saying. Now, the high-tech version of that saying might read: If the iPhone won't come to the enterprise, then enterprise will come to the iPhone. The announcement this week that NetSuite, a Web-based-only service provider for ERP and CRM to the midmarket, runs on the iPhone without any major tweaking almost as well it runs on a desktop has a lot of people rethinking the capability of the iPhone as a business tool. To make matters even more interesting, NetSuite didn't spend one day in Cupertino to figure out how SuitePhone, as it's now called, would run on Apple's new device, though the two companies worked together in the past to ensure that NetSuite's SaaS (software as a service) solution ran well on Apple's Safari desktop browser. "For the iPhone, we didn't have to do additional development work," says Malin Huffman, senior product manager at NetSuite. Whatever improvements were made to NetSuite 07 in order to work with the latest version of Safari for the desktop "carries over to Safari on the iPhone." While most mobile solutions are limited in what they can accomplish -- dialing directly from a contact manager is typical -- Huffman claims NetSuite customers already use the iPhone and the SuitePhone solution in the field to look up customer history, process credit cards, and even do payroll. So is this a unique circumstance due in large part to the way NetSuite was built originally? After all, it does not use Flash or need Java to run, making porting to the iPhone, which lacks support for both, that much easier. Huffman says no, the NetSuite build is not that unique for a SaaS application, but it may be too early to tell. While the iPhone famously does not support Flash or Java, it does support JavaScript and all the Web standards that AJAX (Asynchronous JavaScript and XML) is built on. Plus, it supports PDFs and Microsoft Word documents. "The AJAX technology allows [NetSuite] to work faster over the slower network than it would otherwise," notes Huffman. Also, because AJAX allows users to drag and drop from selected environments without having to refresh the entire contents of a page, the SuitePhone version makes for a more seamless experience.Â  Of course, there are a number of limitations, as InfoWorld pointed out in its review by Tom Yager. Yager notes that the device will not upload or download files. However, in a SaaS solution like NetSuite, this limitation may not be a deal breaker for purchasing the device. The strong suit of any SaaS solution is in accessing data directly from the server. Focusing on real-time instant access rather than offline access, says Huffman, is what its users care about the most.Â  But Yager also says, "Safari does not allow a Web page to sense finger motion using standard events, so drag, slide, and drag/drop operations require special effort." True, says Huffman. "You wouldn't want to do a lot of configuration of NetSuite on the iPhone. You would do the configuration on the desktop."Â  Safari also lacks the "ability to adjust a Web page's text size," notes Yager. It is a valid criticism, says Huffman, but it doesn't affect NetSuite because users can pinch or drill down. So have too many industry reviews underestimated the iPhone's usefulness in the enterprise? While the iPhone is not perfect, there is no denying that NetSuite ports to this handheld device easily. The apparent ease with which it does that comes from a very obvious but often overlooked fact: Apple has duplicated the Safari browser almost exactly as it exists on the desktop. If you can re-create a browser for a handheld that is almost identical to the desktop version, everything that can be done on the Web on the desktop can, in theory, be carried out on the handheld browser, too. Where Apple has gone the extra mile is in creating a user interface that makes up for many of the small-screen limitations: for example, the so-called two-finger pinch that allows a user to drill down and expand what they are looking at. Huffman adds that users also can customize their views to suit the small screen by setting up dashboards in a one-column format or creating forms that are better suited to the iPhone. There is nothing really new here other than a better-thought-out, user-friendly interface. But Apple took the obvious -- what others have tried -- and put all the pieces together in a single package. Some believe it is so unique that the device may become, in essence, a wake-up call to the entire high-tech industry, especially handset manufacturer designers and software developers.Â  And what that wake-up call from Apple and NetSuite says is that if you build it right, they, the enterprise, will come to the mountain, er, the handset manufacturer.
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NetSuite has released version 10.0 of its hosted business software, which incorporates new e-commerce, analytics and sales features.
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NetSuite has raised the estimated price range for its initial public offering, now being conducted online.
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NEW YORK -- The IPO market may not be as large as it once was, but there is still expected to be plenty of room for this week's debut of private equity powerhouse Blackstone Group, likely one of the biggest initial public offerings in US history.
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