Monday, July 2, 2007

IPO Watch: NetSuite Files S-1

NetSuite officially filed its S-1 today. The SaaS suite vendor delivered solid revenues of 67.2M in 2006 and is projected to clear over $100M in 2007. Some key facts about the IPO:

- Going public using the auction method Google used
- Ellison owns 61.1% and his trusts hold 13% from his $100M investment in 1998
- Founder and CTO Evan Goldberg holds 8.1%
- Lower product development and G&A costs show the improving efficiencies of the management and development teams.
- NetSuite's competitors will be WorkDay, SFDC, and SAP A1s
- SuiteFlex will be the key to their ecosystem strategy

Net Suite S-1 Statement
http://www.sec.gov/Archives/edgar/data/1117106/000119312507147833/ds1.htm

Press Release
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/07-02-2007/0004619143&EDATE=


(The personal contents in this blog do not reflect the opinions, ideas, thoughts, points of view, and any
other potential attribution of my current, past, or future employers.)
Copyrighted 2007 by R Wang. All rights reserved

2 comments:

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