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After a slow start, the NetSuite Inc. (NYSE: N) IPO gained ground in trading later in the day – with the stock up $5.04 to $31.04.
The company is a top on-demand software player, providing enterprise resource planning (ERP) applications for small-to-medium size businesses (SMBs).
Well, to get some perspective on things, I had a chance to interview Mike Braun, who is the CEO of Intacct. His company is also an on-demand player:
Q: What does the NetSuite IPO mean for the industry and companies like Intacct with similar offerings?
A: NetSuite will be the first company to go public offering "system of record" financial applications using a Software-as-a-Service (SaaS) model.
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