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May 10, 2011 06:36 pm GMT

NetSuite Is Pushing into Enterprise Software, Lands Groupon as Marquee Customer

NetSuite, one of the handful of companies to build a big company out of the early 2000s software-as-a-service funding frenzy, is now making a push into cloud based enterprise software, according to several announcements being made this morning by CEO Zach Nelson at SuiteWorld, the company's user conference being held in San Francisco.As with most of these user conference announcements, there will be the usual fanfare and big-name guests trotted out-- in this case, Oracle President Mark Hurd and Yammer CEO David Sacks. But NetSuite is also announcing two new enterprise customers: Qualcomm and Groupon. Both companies are using NetSuite for their international operations specifically, and the latter is an impressive win.Groupon has been called the fastest growing company in history and NetSuite isn't just selling them software for one part of the organization-- NetSuite sells core enterprise resource planning, financial software.

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