NetSuite is partnering with Fujitsu Limited and Fujitsu Business Systems to distribute, resell and support NetSuite (News - Alert) in Japan, NetSuite officials announced.

Fujitsu officials say the partnership gives them a cloud-based enterprise resource planning offering for small to mid-sized enterprises. Financial terms were not disclosed.

NetSuite officials say its Release J is a localized software as a srvice business management suite available to Japanese businesses, providing support for Japanese accounting requirements, including Tegata payments, J-GAAP compliant financial statements and Consumption Tax configuration capabilities.

Partnering with NetSuite gives Fujitsu (News - Alert) an immediate presence in cloud computing, as well as the cloud-based ERP offering for SMEs. The companies have collaborated on a strategy to expand the reach of the product, calling for 500 new customers within three years.

According to terms of the partnership, Fujitsu will promote NetSuite to mid-market manufacturing companies, while FJB and its external partners target SMEs in the industry-specific verticals.

The deal "enables Japanese companies to run the core aspects of their businesses in the cloud," NetSuite officials say.

NetSuite Release J was launched in December 2008.

Zach Nelson, CEO of NetSuite, says Fujitsu and "FJB's experience and reputation" will help the growth of SaaS (News - Alert) in Japan.

"Fujitsu is confident that the alliance between NetSuite and Fujitsu Group creates a new leader in the Japanese SaaS ERP market, powered by NetSuite Release J," according to Taro Mizuno, president of manufacturing and distribution solution unit at Fujitsu.

In December TMC reported the release of NetSuite Release J, described by NetSuite officials at the time as "the first available software-as-a-service enterprise resource planning suite for the Japanese market."

The release was characterized as "fully localized for the accounting rules, usage conventions, regulations and taxation compliance of the Japanese market."

NetSuite K.K. opened in 2006 to solidify the company's support for the growing number of NetSuite customers in Japan and provide infrastructure for further growth.

Headquartered in Tokyo, Fujitsu Limited reported consolidated revenues of $47 billion for the fiscal year ended March 31, 2009.