NetSuite

Partners Vital to NetSuite's Growing Cloud Business

NetSuite is continuing its attempt to push growth in the United States and abroad, and CEO Zachary Nelson has recently stated that partners are vital for its broadening practice.

The company's partners are key to ensuring its growth, and driving the cloud software company's financial, enterprise resource and customer relationship management tools to customers.

The worldwide channel business from NetSuite has increased by over 70 percent since last year's Q2, according to Nelson, and year-over-year, the company's revenue grew 35 percent to $101 million.

Channel Partners Seek Opportunities With NetSuite Acquisition

The acquisition of Retail Anywhere by NetSuite has been finalized for an undisclosed financial sum. NetSuite is a cloud software vendor and Retail Anywhere is a developer of retail management and point-of-sale applications; it is expected that NetSuite will be able to broaden its SuiteCommerce line as a result of this deal, and this will move the company into the retail spotlight.