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Business Technology

Thursday, September 27, 2007

Startup software maker Netbooks takes on Intuit

September 5, 2007 from Yahoo News – “Privately held NetBooks Inc started selling a line of computer programs designed to help run small businesses on Wednesday, taking on QuickBooks provider Intuit Inc and NetSuite Inc, which has filed to go public. Netbooks' software is accessed via Web browsers and hosted on servers maintained by the company, which is based in Rohnert Park, California. It also said it raised $6.9 million in capital from CMEA Ventures, Integral Capital and other advisors. NetBooks provides accounting software along with programs for managing sales and marketing, inventory, purchasing, shipping and manufacturing. The company was founded by Ridgely Evers, who helped lead development of Intuit's QuickBooks accounting software.”

180 View – We have not seen this system yet, but it could fill a void. QuickBooks and Simply Accounting were not developed for web access. NetSuite was developed for web access but now targets mid market companies.

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