Wearables Pioneer Runs its Business Like Clockwork on NetSuite

Pebble runs its entire accounting, procure-to-pay, order and inventory management business processes on NetSuite

San Jose, Calif.May 7, 2015NetSuite Inc., a provider of cloud-based financials, enterprise resource planning (ERP) and omnichannel commerce software suites, announced that Pebble, a smartwatch pioneer and wearables market disruptor, deployed NetSuite to put in place a single unified cloud-based system that has the necessary functionality, flexibility and scalability to support the company’s rapid growth. Pebble runs its entire accounting, procure-to-pay, order and inventory management business processes on NetSuite, and benefits from the real-time complete control and visibility it gained by deploying the cloud-based business management suite.

“Running our business on a highly flexible and adaptable platform like NetSuite enables Pebble to scale more seamlessly and helps position us to achieve our longer term goals,” said Marin Tchakarov, chief financial officer at Pebble. “As one of the frontrunners in the charge for on-the-body computing, we are constantly evolving our business process in order to stay ahead. NetSuite lets us handle our rapid growth and scale needs, and allows us to keep our steadfast focus on continuing to build and deliver great products and customer experience.”

Based in Palo Alto, Calif., Pebble grew rapidly since launching the first generation of Pebble smartwatches on crowdfunding website Kickstarter in 2012. By its own estimates, Pebble shipped over 1 million Pebble smartwatches so far, and established a thriving Pebble apps and watchface ecosystem with 25,000 developers contributing worldwide. Pebble also attracted more than $30.6 million in crowdfunding in two Kickstarter campaigns in 2012 and 2015, respectively, and also received $15 million in a Series A venture capital investment round led by Charles River Ventures in May 2013. Pebble smartwatches are sold online and in over 10,000 retail doors worldwide, including AT&T, Best Buy, Sam’s Club and Target stores.

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