NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced that it has won three CODiE awards for 2010, more than any other vendor. These prestigious awards were bestowed to NetSuite by The Software & Information Industry Association (SIIA). The only vendor out of 374 contestants to win three top awards, NetSuite OneWorld for global financial consolidation and management was named Best Business Software Solution; NetSuite CRM+ was recognized as Best Relationship Management Solution and SuiteCloud was honored as Best Cloud Infrastructure Software.
"Now in its 25th year, the CODiE Awards continue to recognize those companies providing the best new technology products and services across a broad array of industries," noted SIIA President Ken Wasch. "Its winners are a prolific testament to the power of technology to deliver innovative solutions to businesses and consumers. SIIA warmly congratulates all of the winners and nominees of the CODiE Awards, whose innovation is essential for continuing America's leadership in the global knowledge economy."
The CODiE Awards represent the software industry's only peer-reviewed awards program, with contestants subjected to rigorous testing by delegates from the software and information industry trade press, mainstream technology writers, analysts, consultants, and subject-matter experts. In all, 188 products from 136 companies were selected as finalists from more than 785 nominations submitted by 374 companies. Nominated products underwent an intensive review by subject matter experts, analysts, journalists, and others with deep experience in the field. A listing of the 2010 CODiE winners is available on the CODiE Awards Website at www.siia.net/CODiEs.
About SIIA
The Software & Information Industry Association (SIIA) is the principal trade association for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education and intellectual property protection to 500 leading software and information companies.
For more information about the award-wining NetSuite platform Services provided by Gproxy Design, please click HERE.
Thursday, May 27, 2010
NetSuite Wins Three CODIE Awards
Monday, May 24, 2010
Department stores lead Q1 growth in e-commerce sales, Demandware reports
Department stores led year-over-year growth in first quarter ecommerce sales, with a rise of 76.1%, e-commerce technology provider Demandware Inc. says in a performance index based on its U.S. and European clients.
The index, which is based on retail e-commerce sales at 126 web sites that operate on Demandware’s software-as-a-service e-commerce platform, also notes that Q1 year-over-year growth at European sites far outpaced their U.S. counterparts, 66.9% to 18.3%.
Demandware says its European clients’ ecommerce sites have been growing three to four times as fast on a year-to-year basis for the past several quarters, reflecting the ongoing growth potential in Europe, where online shopping caught on more slowly in the U.S.
The company says aggregated Q1 growth for the 126 sites was 39.5%, with 97% of that growth driven by a higher conversion rate that produced more orders despite a slight decline in traffic to the sites. Demandware attributed the remaining 3% of the growth to higher average order values.
The company notes that a number of its clients are growing by launching new ecommerce sites to serve additional countries, focus on particular brands or product categories, and to target specific consumer groups.
In addition to department stores, the index broke out Q1 growth rates by the following retail verticals:
- Apparel 40.5%
- Health & Beauty 14.7%
- Home & Garden 12.5%
- Toys & Games 9.7%
- Media & Entertainment 9.0%
Demandware also noted in its index report:
- Luxury brands are recovering relatively slowly from the economic downturn, as consumer have shifted toward lower-priced goods;
- Many clients are exploring the use of personalization tools to offer merchandise more likely to appeal to particular segments of customers;
- Several retailers are either launching or planning mobile commerce sites, though most have not yet seen a significant amount of sales through the mobile channel.
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