Oracle NetSuite Corporate Communications
BOSTON, Mass.—February 9, 2009—OpenAir, Inc., a NetSuite Inc. (NYSE: N) company and a leading provider of on-demand professional services automation (PSA) software, today announced that the company has further extended its leadership position in the Software as a Service (SaaS) industry by bringing Jeff Honeycomb on board as Senior Vice President of Worldwide Distribution. In this role, Honeycomb is charged with driving OpenAir's global sales expansion and strategy.
A seasoned high-tech industry veteran, Honeycomb has over twenty five years of leadership experience. As President and COO of RightNow Technologies (NASDAQ: RNOW), he was a pioneer in defining the then-new SaaS business model. He also previously served as President of Magic Solutions, a division of McAfee, providing service management software to the small- and medium-sized business (SMB) marketplace.
"We are truly excited to have Jeff join our team," said Morris Panner, CEO at OpenAir. "Jeff's track record and prior experiences speak volumes about his character and abilities, and we look forward to his efforts in growing our business."
"Jeff is one of the most talented executives in the industry, and we are thrilled to have him on the team," said Zach Nelson, CEO of NetSuite. "His experience and background and drive will help OpenAir deliver the leading professional services automation software to a much broader client base."
OpenAir, Inc., a NetSuite Inc. company, is a leading provider of Software as a Service (SaaS) services automation software. Offering both professional services automation (PSA) and project portfolio management (PPM) solutions, OpenAir provides project-based organisations and firms the tools they need to grow their businesses quickly and profitably. Providing enterprise-level functionality for businesses of all sizes, OpenAir has more than 45,000 active users at over 350 world-class firms using the software to better capture billable time, manage projects and resources and bill customers. Coupled with a team of highly experienced consultants from some of the world's leading services firms, OpenAir's services automation solutions drive higher profits through improved utilisation, visibility and data collection. To learn more, please visit www.openair.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to the growth of OpenAir's business. These forward-looking statements are based upon current expectations and beliefs of NetSuite's and OpenAir's management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements in this press release are based on information available NetSuite and OpenAir as of the date hereof, and NetSuite and OpenAir disclaim any obligation to update these forward-looking statements.
In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the market for on-demand services may develop more slowly than expected; general changing and unpredictable macro-economic conditions including recent market volatility; the risk of technological developments and events leading to increased economic or political instability such as such as war, conflict or acts of terrorism.