NetLedger, a provider of online applications for small and medium businesses, expects to soon announce expansion into Australia and New Zealand, NetLedger president Zach Nelson said last week.
"We could announce something before the end of the year for Australia and New Zealand," Nelson said. Negotiations with a potential partner or partners for the countries are in the final stages, he said.
Meanwhile, NetLedger has announced its first expansion outside North America. A new unit of BT Group will sell NetLedger's NetSuite and NetCRM products in the UK.
"We are in discussions for Australia and New Zealand. Those are not quite as far advanced 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.
In the US, NetLedger offers three main products: NetSuite, the Oracle Small Business Suite and NetCRM. The suites are integrated application packages accessed online, which 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 that is majority owned and chaired by Oracle chairman and CEO Larry Ellison. The company has about 5,500 customers using the Oracle Small Business Suite and expects October to be its first million-dollar month in terms of revenue, Nelson said.