Leading Software Financial Analyst Brings Strategy, Vision, Expertise to Cloud Leader
SAN MATEO, Calif.—June 29, 2015—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that it has appointed Jason Maynard as its Executive Vice President of Strategy and Corporate Development. A leading software financial analyst with nearly 20 years of combined experience analyzing, operating, and investing in software, Maynard will be charged with overall strategy and plans for new partnerships and new markets as he helps to lead NetSuite in its next stage of growth.
Maynard was the first analyst to articulate the rise of software as a service and launched the On-Demand Index to measure the transformation in software. During his tenure at Wells Fargo and Credit Suisse, he participated in IPOs and other equity offerings for a number of high profile tech companies.
"It's a rare opportunity to bring aboard someone with Jason's breadth of knowledge and deep expertise in the software industry," said Zach Nelson, NetSuite CEO. "He brings the fresh thinking and operational excellence we need to continue NetSuite's strong momentum and carry us forward to the next chapter in our history."
"After years of watching NetSuite from afar, I'm thrilled about the opportunity to join a visionary company that's shown such an exceptional rate of growth," Maynard said. "NetSuite has a tremendous opportunity in the market to extend its leadership in cloud ERP and omnichannel commerce for the foreseeable future and I look forward to being a part of that."
Prior to NetSuite, Maynard was a senior analyst at Wells Fargo where he covered a wide range of software sectors including CRM, ERP, business intelligence, ecommerce, supply chain, industry-focused applications, cloud computing, data technologies, middleware, operating systems, and systems management. Before Wells Fargo, Maynard served as a senior software analyst at Credit Suisse and Merrill Lynch. He has an MBA from the University of Southern California's Marshall School of Business and a B.S. in Business from California State University of Sacramento.
Today, more than 24,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud ERP suites for divisions of large enterprises and mid-sized organisations seeking to upgrade their antiquated client/server ERP systems. NetSuite continues its success in delivering the best cloud ERP/financial suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.
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