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On-demand software firm files IPO - Computerworld
                                                                                                                                                                                                                                                                                                                                                                                     
He predicted that after the offering, NetSuite,You are not allowed to view links. Register or Login, whose investors include Oracle Corp. CEO Larry Ellison,You are not allowed to view links. Register or Login, will move to take on SAP AG in the small and midsize business market, where the German company's applications can be very expensive and difficult to install. He noted that SAP is looking to boost its position with its new hosted service for the small and midsize business market unveiled earlier this year.
Computerworld - On-demand ERP and CRM application provider NetSuite Inc. today filedplans for an initial public offering, a move that could be a milestone for the hosted software industry, according to observers.
Bruce Francis, vice president of corporate strategy at You are not allowed to view links. Register or Login Inc., played down the potential challenge that NetSuite might pose to his firm by raising significant sums. However,You are not allowed to view links. Register or Login, he did note that the move indicates that "the software-as-a-service model is clearly catching on, and the emergence of a specialized,You are not allowed to view links. Register or Login, niche tier of players [like NetSuite] is another indication that it's prime time for on-demand."
In the near term, he predicted that NetSuite will continue to compete mostly with midmarket application provider Sage Software in Irvine, Calif., which offers a fully integrated ERP and customer relationship management software package. Sage sells both packaged software and hosted services.
A spokeswoman for nine-year-old NetSuite, based in San Mateo, Calif., declined to disclose the number of shares to be sold or the expected price of the stock, citing legal reasons connected with the stock offering.
Denis Pombriant, an analyst at consultancy Beagle Research Group LLC in Stoughton, Mass., added that the move "is an important milestone for the industry.