NetSuite’s Expands Australian Reach With New Office in Melbourne

NetSuite, a leading provider of ERP software suites and cloud-based financials, had recently set up camp in Melbourne, Australia. This was part of their expansion to respond to the growing demand for their services in the country.

Their base in Melbourne will be providing support and services, and will also serve as a sales office. This is great news for the growing number of customers in the country. Netsuite has seen significant support for their services in Australia, and had in fact, recently celebrated the signing of their 500th customer.

NetSuite’s system is known for its scalability, flexibility, and ease of use, and these are the main reasons why a variety of companies use their services. Some of the businesses that use the NetSuite system in Australia include BearingPoint, the Seaga Group, Energy Matters and Primavera. Their expanding client base in this side of the world include those in wholesale and distribution, manufacturing, professional services, retail and e-tail businesses.

The company’s growth has been great in the past years, establishing a 16% improvement in income from 2009 to 2010. According to Google Finance, this was a jump in revenue from $42.96 million at the end of the last quarter in 2009 to $52.07 million at the end of the last quarter in 2010.

NetSuite’s advance in the cloud-computing market is also felt in the UK. Based on an April 2010 market share report by Gartner, the company has gains of nearly 90 percent in that region, while it marked an 80% increase in market share in North America.  Their undeniable progressive presence in Australia also translates to growing market shares. Based on the same report, from 2007 to 2009 NetSuite experienced an impressive 83% boost in market share in Australia.

Meanwhile, the operations in the Melbourne office will be headed by Rick Lanman, a seasoned NetSuite executive.  He will continue to further drive NetSuite’s growth in the Victorian and South Australian markets. Lanman has 15 years of experience in doing IT sales.

In Netsuite’s press release, Mark Troselj, APAC Managing Director of NetSuite, stated: “Our growth in Victoria has reached a level of momentum which enables us to establish a direct presence in Melbourne and dedicate resources to supporting our customers and partners.”

NetSuite’s Melbourne office is located at 1 Queens Road, Melbourne VIC 3004.

You can check out the official NetSuite press release here.