San Mateo, Calif. (June 23, 2004) - NetSuite and Oracle have ended a relationship in which an online product from NetSuite was marketed as the Oracle Small Business Suite.
NetSuite president Zach Nelson said that the decision was a mutual one. NetSuite, originally known as NetLedger, was funded by Oracle chairman Larry Ellison. During the dot-com bust, Oracle took over marketing the product, which was originally priced at $5 a month for a subscription. NetSuite/NetLedger paid Oracle a royalty on the sales. The Oracle branding was credited with giving NetSuite a foothold in the market at a time when other online applications failed.
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