NetLedger, a provider of online applications for small and medium-sized businesses, expects to soon announce expansion into Australia and New Zealand, NetLedger President Zach Nelson said.
"We could announce something before the end of the year for Australia and New Zealand," said Nelson in a recent interview with the IDG News Service. Negotiations with a potential partner or partners for the countries are in the final stages, he said.
NetLedger, of San Mateo, California, on Thursday announced its first expansion outside North America. A new unit of BT Group PLC will sell NetLedger's NetSuite and NetCRM products in the U.K.
"We are in discussions for Australia and New Zealand. Those are not quite as far as BT, but are not far behind," said Nelson. He did not disclose who the talks are being held with, or which products could become available in the two countries.
Nelson would also not discuss further international expansion, saying only that NetLedger focuses "initially on English-speaking and English character set" countries. "We would look for other partners opportunistically outside of English-speaking countries," he said.
NetLedger in the U.S. offers three main products; NetSuite, the Oracle Small Business Suite and NetCRM. The suites are integrated application packages accessed online that companies can use to perform tasks such as accounting, inventory management, customer relationship management (CRM), and running an online store. NetCRM is limited to CRM.
NetLedger is a privately held company majority owned and chaired by Oracle Chairman and Chief Executive Officer (CEO) Larry Ellison. The company has about 5500 customers using the Oracle Small Business Suite and expects October to be its first million-dollar month in terms of revenue, Nelson has said.