NetSuite Extends Footprint To The Netherlands, Luxembourg And Belgium

NetSuite Inc N revealed it was expanding its business operations into The Netherlands, Luxembourg and Belgium. According to the company, the accelerated expansion included the launching of its Benelux headquarters in Amsterdam and a tactical alliance with Deloitte in Belgium.

NetSuite has introduced NetSuite OneWorld for Benelux-headquartered companies. The company indicated the move was in response to the growing opportunity for its cloud ERP and increasing demand for NetSuite in the Benelux region, especially from innovative, fast-growing and international businesses.

CEO Zach Nelson said, "Our new Benelux operations are the latest steps in NetSuite's European expansion and our commitment to providing businesses in the region with software and services that meet both their regional and global needs."

According to NetSuite, Gartner estimated the ERP applications market reached $724.1 million in The Netherlands and Belgium last year. That is predicted to grow to $849.8 million in 2018.

On Tuesday, shares of the company traded down by 1.66 percent.

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