Oracle NetSuite Corporate Communications
NetSuite Allows JumpTV to Provide Management with Critical Dashboard Reporting and Helps it Comply with Sarbanes-Oxley (SOX) and Bill 198 Post its IPO
SAN MATEO, Calif.—Nov. 21, 2006—NetSuite, Inc., the leader in on-demand business software suites, today announced that JumpTV (AIM, TSX: JTV) (www.jumptv.com) has chosen NetSuite to automate its financial reporting, human resources, global marketing (CRM), contract management and customer support functions, because of NetSuite's reputation as a valued implementation partner. For more information, please visit www.netsuite.com.sg/jumptv
"As a fast growing, online global IPTV company, JumpTV needed to make the important decision of whether to build or buy an integrated SOX compliant ERP solution. JumpTV needed to move quickly to meet the needs of our customers, vendors and channel partners, key decision makers and financial regulators, therefore, we chose NetSuite and NetSuite Professional Services for a significantly faster time-to-implementation," said Kriss Bush, CFO of JumpTV. "NetSuite offered the only end-to-end Web based solution that could be implemented within our required timeframe."
Currently, JumpTV is implementing NetSuite CRM — including global marketing management and customer support — and plans to use NetSuite for large-volume consumer email marketing.
NetSuite Ideal for Innovative, High-Growth Companies:
JumpTV is a pioneer in the delivery of international television over the Internet — operating at the intersection of two growth sectors: Internet Protocol Television (IPTV) and ethnic media services. Jump TV's global Internet-television network streams live, high-quality international television signals from more than 230 channels from over 65 countries via its website. The company's subscribers can access their favorite channels through any Internet-enabled device including home computers, laptops, Internet-enabled televisions, 3G mobile phones and select video game consoles.
Global customers such as JumpTV represent a new fast-growing revenue stream for NetSuite. NetSuite is ideal for ecommerce businesses because it helps them run more efficiently — from its Web Store, inventory management, order fulfilment, and accounting systems to its sales force automation, customer support, and email marketing automation. NetSuite also enables ecommerce businesses to deliver an intuitive experience to its customers and better manage and grow its business within a single system.
JumpTV (AIM, TSX: JTV) is the world's leading subscription-based broadcaster of ethnic television over the Internet. With over 230 channels from 65+ countries, JumpTV delivers its subscribers full-screen news, sports and entertainment content on a real-time basis from all corners of the globe. JumpTV has subscribers from over 80 countries who view channels on the JumpTV online network via high-speed Internet connections on their home computers, laptops, Internet-enabled televisions and mobile phones.