Comments on: Another Xero competitor: Larry Ellison

By: Bigwig

Bigwig — Thu, 05 Jul 2007 00:00:58 +0000

Some facts

Netsuite does not run PeopleSoft, Oracle EBS, Siebel – it is a built for purpose SAAS software – just like Xero, Salesforce.com, etc ..

It is aimed at the mid to the low end market like most SAAS vendors – obviously focused on the US as this is where it is headquartered.

Larry (not Oracle) owns a share of this, just like he owns a share of Salesforce.com (he was on the board until Oracle bought Siebel). Both were started by ex-Oracle employees – Larry thought both were good ideas and put seed capital into each.

What is interesting is that even though Netsuite has been running since 1998 and turned over USD67 mil last year, it still made a loss of 24 mil. Not many companies make money in this business

By: And some more analysis - Xero, NetSuite, NetReurn, MYOB et al « business, strategy, governance

Wed, 04 Jul 2007 10:53:08 +0000

[...] June 2005, MYOB became the Australasian distributor for NetSuite. NetSuite, of course, is the SaaS accounting company primarily owned by none other then Larry Ellison of [...]

By: benkepes

benkepes — Wed, 04 Jul 2007 10:50:04 +0000

So where does that leave MYOB in the Australasian SaaS accounting market? Hung out to dry?

By: En Avant » Blog Archive » Netsuite to IPO

En Avant » Blog Archive » Netsuite to IPO — Wed, 04 Jul 2007 01:52:07 +0000

[...] Xero (which IPO’d recently) isn’t really a competitor of Netsuite. As I commented on Lance Wiggin’s blog, it’s like comparing a small utility truck with a 20-wheeler. Xero’s offer and its [...]

By: Peter J Cooper

Peter J Cooper — Wed, 04 Jul 2007 01:40:48 +0000

Larry is a smart guy, he knows that there are new competitors popping up in this space like us here at saasu.com and to a lesser degree new entrants like xero and more every month.

He also knows that netsuite is overly complex for many businesses and from bitter experience he understands it is overpriced at least in Asia and ANZ so… best to take some money off the table at the top of the market before the Asian and ANZ competitors get up a head of steam.

Saasu.com did a soft launch for our lite international version for 57 countries last night in Sydney and had our first European clients signed up before we went to sleep. Watch out Larry.

Cheers, Peter.

By: Lance Wiggs

Lance Wiggs — Tue, 03 Jul 2007 21:19:06 +0000

thanks Jim
To make it clear, it’s the quality of the IPO document I’m targeting, not the relative merits of the companies. I’m taking issue with IPO’s that have so little disclosure that it is difficult to make an informed investment decision.
A big US company ignores a NZ opportunity? Sounds like they are doing what eBay did, and we all know what happened to them in NZ… But to be fair the size of the opportunity here is trivial versus concentrating on the ‘domestic’ market.

By: Another Xero competitor…. « business, strategy, governance

Another Xero competitor…. « business, strategy, governance — Tue, 03 Jul 2007 21:11:58 +0000

[...] Another Xero competitor…. I’ve kind of set myself up as a commentator on the SaaS accounting space so I’ve got a duty to report another market competitor as posted by Lance. [...]

By: Jim Donovan

Jim Donovan — Tue, 03 Jul 2007 20:00:31 +0000

Pathetic is too harsh. Comparing Xero to Netsuite is like comparing a small utility truck to a 20-wheeler. Netsuite is aimed at much more spohisticated and complex busineses. I couldn’t use Xero in my business, but I could use Netsuite – that is, I might have if their Australasian sales partner had not taken over a month to respond to my enquiry.
Disclosure: I own Xero shares.