We love it when our customers succeed. Every year, investment bank JMP Securities releases the "Hot 100 Best Privately Held Software Companies" list, honoring the brightest stars in the software industry which have not yet gone public. For the second year in a row, NetSuite and NetSuite OneWorld are at the heart of the business processes for over one-third of the companies to receive this honor.
We have known for years that NetSuite is the ideal platform for fast-growing high-tech businesses—not only because we used it to run our own business, but also by watching our innovative peers flock to our cloud ERP solution. Thanks to investment bank JMP Securities’ hot 100 list program, we know just how pervasive NetSuite has become in high-tech circles, and we are more convinced than ever that the world's most forward-thinking companies are seeing the benefits. This year we scanned the list carefully and saw that, once again, more than one-third of the members are NetSuite customers. The list changes every year—companies which go public or are acquired make room for the next wave of pioneers. The fact that NetSuite remains a constant factor in the growth trajectory of these high-flyers isn't surprising, but it certainly is gratifying.
The reasons are easy to see. As a private company’s growth rate accelerates, a solution like QuickBooks struggles to keep up. Or a legacy on-premise financial system suddenly requires a big upgrade that will zap even more resources that are better spent growing the business. Fast-growth companies require a business management suite that is tailor-made for a business environment that is dynamic, agile and flexible. It’s no wonder these rapid-growth private companies frequently chose NetSuite for this very reason.
Software and tech companies need to be able to sell to any country on the globe and be prepared to expand at a moment's notice. By embracing a solution which supports nearly 200 currencies, tax and regulatory requirements in dozens of countries and offers true multi-subsidiary consolidation, the elite members of the JMP Securities Hot 100, and hundreds of other high-tech firms which use NetSuite, have a future-proof ally. Because their businesses change, grow, and relocate so quickly, high-tech companies have little appetite for large capital expenditures on conventional application servers, making NetSuite's access-anywhere cloud availability a tremendous asset.
This year, NetSuite customers such as Qualys, Marin Software, Talend, Joyent and HubSpot headlined the JMP Hot 100 list. Next year it could be you!
Kimberly Odom - Director of Vertical Marketing, Software
Comments