NetSuite expands footprint in Asia; strengthens regional executive team

Posted on Feb 16 2015 - 5:49pm by Upgrade Staff

NetSuite Inc. has announced three significant initiatives to expand its already strong presence in Asia in order to accommodate the ongoing surge in customer demand for its cloud-based business management suite.

NetSuite is expanding its regional executive leadership team, opening new, larger Asia headquarters in Singapore and adding channel partners from across the region all to better serve the needs of local, regional and multinational companies doing business in Asia and seeking to benefit from the transformational capabilities of NetSuite’s single unified cloud software platform.

Strengthened Regional Executive Leadership Team

NetSuite announced that it has appointed Lee Thompson as its Senior Vice President and General Manager, Asia Pacific & Japan to lead NetSuite’s sales operations and to accelerate growth across the entire region by building a world-class sales organization.

The former Salesforce.com and Oracle executive brings more than 20 years of sales leadership experience to NetSuite, much of it spent working in Australia and Singapore.

Before joining NetSuite, Thompson was Operating Officer at TechnologyOne. Prior to TechnologyOne, he was Senior Vice President of Corporate Sales at Salesforce Asia Pacific, where he was responsible for delivering a regional compound annual growth rate in sales in excess of 30 percent year-over-year during his tenure at the company. Before that, Thompson spent 12 years at Oracle, building the vendor’s commercial sales business in Asia Pacific.

Expanded Footprint in Asia with Opening of New Larger Headquarters

NetSuite announced the formal opening of its new, larger Asia headquarters, which is able to accommodate sales, professional services and support employees and host events for existing and prospective customers and partners. The new Asia headquarters will help build on the more than 1,000 NetSuite employees already in the region.

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The new NetSuite Asia headquarters are located in the Straits Trading Building, 9 Battery Rd, Singapore 049910, in the heart of Singapore’s downtown business Raffles Place district.

NetSuite Asia is headed up by long-time finance and commerce executive Reginald Singh. He joined NetSuite in January 2014 as Vice President and General Manager, NetSuite Asia. Singh was previously Global Chief Financial Officer of Knowledge Universe, a worldwide global education company, where he was responsible for all financial, administrative and risk management operations of the organization.

While at Knowledge Universe, Singh oversaw the successful deployment of NetSuite OneWorld, which saw the organization reduce ongoing systems cost by 70 percent. Prior to Knowledge Universe, Singh, a New Zealand qualified CPA, held strategic financial management roles at Procter & Gamble and The Gillette Company.

“I’m so delighted with our new larger NetSuite Asia headquarters and its prime location where we can best serve the needs of local and regional customers and partners,” said Singh. “Asia is growing fast and we are making significant investments in the region in terms of additional headcount and expanded locations to meet the needs of our growing number of customers and partners.”

Accelerating  Continued Growth of Partner Network across Asia

NetSuite works in close collaboration with its channel partners in Asia to combine strong skillsets in cloud computing, end-to-end business processes, local, regional, global, and industry knowledge. NetSuite continues to make significant investments in its existing partners and to recruit additional partners to meet the growing demand for its cloud-based business management from companies across the region.

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“Continuing to build out a robust channel ecosystem across Asia is vital to ensure the success of our customers, our partners and ourselves,” said NetSuite’s Singh. “When NetSuite and its partners collaborate, we can provide our customers with a wealth of expertise and best practices whatever industry or industries they serve or countries or regions they operate their businesses in.”

Among the partners NetSuite Asia has newly announced are Thailand’s TurnOnTechAsia and Singapore’s Consulting Research Services (CRS).

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