Zach Nelson
{{short description|American tech businessman}}
{{For|the screenwriter|Zach Nelson (screenwriter)}}
{{puffery|date=August 2021}}
{{Use mdy dates|date=January 2012}}
{{Infobox person
| name = Zach Nelson
| image = Zach-nelson-large.jpg
| image_size = 220px
| caption = Zach Nelson, NetSuite CEO
| birth_name = Zachary A. Nelson
| birth_date = {{birth year and age|1961}}
| birth_place = Omaha, Nebraska, USA
| occupation = President & CEO of NetSuite{{cite web |last1=Marques Lima |first1=João |title=America 50 – The World's First Top 50 North, Central And South American Influencers |url=https://data-economy.com/america-50-the-worlds-first-top-50-north-central-and-south-american-influencers/ |website=www.data-economy.com |access-date=November 13, 2018}}{{cite news |last1=Sumagaysay |first1=Levi |title=Oracle buying cloud pioneer NetSuite for $9.3 billion |url=http://www.siliconbeat.com/2016/07/28/oracle-buying-cloud-pioneer-netsuite-9-3-billion/ |access-date=July 28, 2016 |agency=Silicon Beat}}
| known_for = CEO of NetSuite
| website = [http://www.netsuite.com/portal/management.shtml NetSuite.com]
}}
Zachary A. Nelson (born 1961) served as president and chief executive officer of NetSuite, Inc. prior to its acquisition by Oracle Corp.
Early life and education
Nelson was born in Omaha, Nebraska in 1961, and was one of 10 children. He holds B.S. and M.A. degrees in biological sciences and anthropology respectively from Stanford University.{{cite news |last1=Stone |first1=Madeline |title=The Most Successful Stanford Alumni In Tech |url=https://www.businessinsider.com/tech-stars-who-graduated-from-stanford-2014-8#former-intel-ceo-craig-barrett-was-at-stanford-for-decades-16 |access-date=August 14, 2014 |agency=Business Insider}}
Career prior to NetSuite
Nelson held a variety of executive positions in the high-tech industry, spanning marketing, sales, product development and business strategy with leading companies such as Oracle Corporation, Sun Microsystems, and McAfee/Network Associates.
Early in his career, Nelson was responsible for creating the "Powered by Motorola" ingredient brand for the Motorola 68000 microprocessor while he was working at Cunningham Communication.IT Business Edge, October 10, 2008. [http://www.internetnews.com/bus-news/article.php/3777331/Theres+Method+Behind+Zach+Nelsons+Madness.htm There's Method Behind Zach Nelson's Madness]
At Sun, Nelson drove the marketing and branding of the first version of the Solaris operating system, and led the product and corporate marketing effort at the company's SunSoft Division. He was then Vice President, World Wide Marketing at Oracle Corp., where he was responsible for global marketing strategy and implementation. Nelson, at 31 years old, was the youngest VP of Marketing in Oracle's history.
While at McAfee, Nelson helped lead the company's expansion into the network management arena with the $1.4 billion acquisition of Network General. Later, as CEO of NAI subsidiary, myCIO, he created the world's first business-to-business security application services provider.
NetSuite
CEO of NetSuite since 2002,{{cite web |last1=Howlett |first1=Den |title=The new, new NetSuite - it's all about your growth at SuiteConnect |url=https://diginomica.com/new-new-netsuite-growth-suiteconnect |website=www.diginomica.com |date=October 18, 2018 |access-date=October 18, 2018}} Nelson led the company's successful IPO in December 2007 {{cite web|last=Liedtke |first=Michael |url=https://www.usatoday.com/tech/products/2007-12-19-202996854_x.htm |title=NetSuite shares surge 36 pct in debut |work=USA Today |date=December 20, 2007 |access-date=January 21, 2012}} and its rise from startup to become one of the industry's leading cloud computing companies.{{cite web|url=https://www.forbes.com/2009/08/06/netsuite-software-computing-intelligent-technology-nelson.html |title=NetSuite's Sweet Spot|work=Forbes |date=August 6, 2006|access-date=January 21, 2012}} During his tenure, NetSuite grew from a startup with annual sales of $1 million to revenue of $1 Billion in 2017 with a global customer base of approximately 24,000 mid-size and enterprise companies and subsidiaries. NetSuite's market capitalization was put at $7.8 billion as of March 2015 in an index of public cloud computing companies tracked by venture capital firm Bessemer Venture Partners.{{cite web|last= Hesseldahl |first= Arik |url= http://recode.net/2015/03/03/netsuite-ceo-nelson-talks-the-end-of-the-beginning-of-cloud-software-era/ |title=NetSuite CEO Nelson Talks the 'End of the Beginning' of Cloud Software Era |work= Re/Code |date=March 3, 2015 |access-date=April 20, 2015}}
Under Nelson, NetSuite released global business management software suite NetSuite OneWorld in 2008 and the B2C and B2B ecommerce platform NetSuite SuiteCommerce in 2012.{{cite web|last= Hesseldahl |first= Arik |url= http://allthingsd.com/20120515/netsuite-turns-commerce-into-a-cloud-service/ |title= Netsuite Turns Commerce Into a Cloud Service|work= All Things Digital |date=May 15, 2012 |access-date=April 20, 2015}}
Nelson also spearheaded NetSuite's acquisition of commerce marketing software company Bronto in 2015{{Cite web|url=http://www.recode.net/2015/4/23/11561818/netsuite-in-200-million-deal-for-bronto-software|title=NetSuite in $200 Million Deal for Bronto Software|last=Hesseldahl|first=Arik|date=2015-04-23|website=Recode|access-date=2017-02-15}} social HR player TribeHR in 2014 and of OrderMotion, Retail Anywhere and Venda in 2013.
In 2016, NetSuite reached a $1 billion run rate.{{Cite web|url=http://www.upgrademag.com/web/2016/05/25/netsuites-journey-success-startup-public-company/|title=NetSuite's journey to the cloud: from startup to public company|website=www.upgrademag.com|language=en-US|access-date=2017-06-02}} NetSuite was acquired by Oracle for $9.3 billion on November 7, 2016, making it the third largest software company acquisition by enterprise value in the industry.{{Cite news|url=https://www.wsj.com/articles/oracle-set-to-complete-9-3-billion-deal-to-buy-netsuite-1478324011|title=Oracle Is Set to Complete $9.3 Billion Deal to Buy NetSuite|last=Greene|first=Jay|date=2016-11-05|newspaper=Wall Street Journal|access-date=2017-02-15|issn=0099-9660}}
Influence and honors
Nelson has won multiple awards and received many accolades in his career including being named to CRN's 25 Most Influential of 2014 list, which highlights individuals who made the largest impact on the technology industry in the year.{{cite web|last= Burke |first= Steve|url= http://www.crn.com/slide-shows/channel-programs/300073644/the-25-most-influential-of-2014.htm/pgno/0/9|title= The 25 Most Influential Of 2014|work= CRN |date=August 11, 2014 |access-date=April 20, 2015}} Nelson was also named to 2013 Business Insider's 50 Most Powerful People in Enterprise Tech list,{{cite web|url=http://www.businessinsider.com/50-powerful-people-in-enterprise-tech-2013-6#netsuites-zach-nelson-a-saas-leader-25| title=The 50 Most Powerful People In Enterprise Tech|work= Business Insider|date=June 29, 2013 |access-date=April 20, 2015}} and to Fortune magazine's 2012 Businessperson of the Year list.{{cite web |author=((the Editors of Fortune magazine ))|url=http://fortune.com/2012/11/16/2012-businessperson-of-the-year/ |title=2012 Businessperson of the Year|work= Fortune Magazine|date=November 16, 2012 |access-date=April 20, 2015}} Under Nelson's leadership, NetSuite was named to Forbes Most Innovative Growth Companies 2014 list {{cite web|url= https://www.forbes.com/growth-companies/list/ |title=Most Innovative Growth Companies|work= Forbes.com|date=June 1, 2014 |access-date=April 20, 2015}} and to Forbes America's 100 Most Trustworthy Companies 2013.{{cite web |last= Smith |first= Jacquelyn |url=https://www.forbes.com/growth-companies/list/|title=America's 100 Most Trustworthy Companies| work= Forbes.com|date=March 18, 2013 |access-date=April 20, 2015}}
Venture Capital
Nelson is an active and successful investor in the technology, media, entertainment and hospitality sectors. Nelson was also an early investor in the evolution of on-line media sites. He was a seed investor in Curbed.com, a popular real estate blog network with sites in New York, San Francisco and Los Angeles {{Cite web|url=https://venturebeat.com/2007/10/31/curbedcom-raises-15m-for-real-estate-blog-network/|title=Curbed.com raises $1.5M for real estate blog network|date=2007-10-31|website=VentureBeat|language=en-US|access-date=2020-04-19}} that was acquired by Vox Media.{{Cite web|url=http://allthingsd.com/20131110/vox-media-spends-some-of-its-giant-funding-round-on-lockhart-steeles-curbed-network/|title=Vox Media Spends Some of Its Giant Funding Round on Lockhart Steele's Curbed Network|website=AllThingsD|language=en-US|access-date=2020-04-19}} Nelson is a director of the PagerDuty Board.{{Cite web|url=https://www.pagerduty.com/newsroom/2018-zach-nelson-board-directors/|title=PagerDuty Appoints Board Member {{!}} Newsroom|website=PagerDuty|language=en-US|access-date=2020-04-19}} Nelson also holds two other board roles. He serves as a director on the board of Freshworks.{{cite web | url=https://www.freshworks.com/press-releases/freshworks-appoints-former-ceo-of-netsuite-zach-nelson-to-the-board-of-directors/ | title=Freshworks Appoints Former CEO of NetSuite, Zach Nelson, to the Board of Directors }} Most recently, he is appointed to the board of directors at Snyk.{{Cite web|url=https://snyk.io/blog/snyk-board-of-directors-kathleen-murphy-zach-nelson/|title = Welcoming Kathleen Murphy and Zach Nelson to the Snyk Board of Directors | Snyk| date=January 24, 2022 }} He is active in the golfing industry including an ownership stake in Dumbarnie Links,{{Cite web|url=https://www.golfcoursearchitecture.net/content/New-Dumbarnie-Links-course-on-Scottish-coast-gets-green-light|title=New Dumbarnie Links course on Scottish coast gets green light|website=Golf, Latest News, Courses, Technology {{!}} GolfCourseArchitecture.net|language=en-GB|access-date=2020-04-19}} a new golf course designed by Clive Clark on the Firth of Forth near St. Andrews.
Additional background
Nelson holds a software patent that covers a method for integrating software applications and codifying them into a single architecture.{{cite web|url=https://www.zdnet.com/article/disruptor-zach-nelson-ceo-netsuite/|title= Disruptor: Zach Nelson, CEO, NetSuite| last= Clancy |first= Heather|work= ZDNet|date=September 24, 2013 |access-date=January 19, 2016}}{{cite web|last=Williams |first=Alex |url=https://www.nytimes.com/2005/12/04/fashion/sundaystyles/04SILICON.html |title=Wheels and Deals in Silicon Valley |work=The New York Times |date=December 4, 2005 |access-date=January 21, 2012}}
References
{{reflist|colwidth=30em}}
External links
- [https://www.bloomberg.com/news/articles/2007-01-29/a-new-opp-for-indian-outsourcers-if-they-take-it Interview] on [https://www.bloomberg.com/ Bloomberg]
- [https://www.netsuite.com/portal/home.shtml NetSuite]
{{DEFAULTSORT:Nelson, Zach}}
Category:Businesspeople in software
Category:Stanford University alumni
Category:American technology chief executives