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
- 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=
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other potential attribution of my current, past, or future employers.)
Copyrighted 2007 by R Wang. All rights reserved
1 comment:
Great site I must say.Their insights into the global software industry is very thoughtful.They provide a true picture of what's happening in the software industry.
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