In 2004, ADI invested $125,000 to assist NetReturn – the exclusive Australasian distributor of the NetSuite range of mid-range on-demand ERP, CRM and eCommerce solutions – in growing its market share. NetReturn subsequently brought on board Mr Mason Little as Chief Executive Officer and pursued rapid growth in its customer base and revenue. Mr Little comments, “ADI was among companies who made a vital investment in NetReturn - when we were at the foot of the mountain – and I thank them again for their vision and support.”

Mr Ivan Kaye, Director of ADI adds, “Our investment in NetReturn showcases one of the most successful paths to commercialisation for an innovative company. NetReturn began with a small amount of private backing and, after initially proving their capabilities, came to us ready to get the resources to really take on the market."

“ADI – along with other investors – has stood by as NetReturn has worked to achieve that goal, and we congratulate them on their success, as demonstrated by this new relationship that will solidify their market leadership of the business management market.” NetReturn announced on Friday June 24 that MYOB has invested A$7 million for 35 percent of the equity in NetReturn. MYOB has an option to acquire the remaining equity in NetReturn in either 2007 or 2008. Under the terms of the contract, NetSuite becomes MYOB’s preferred mid-range ASP business management and CRM solution.