Oracle/Peoplesoft

  • Technology
  • Technology

PeopleSoft, Inc. was a software company that provided HRMS (human resource management), CRM (customer relationship management), Manufacturing, Financials, EPM (Enterprise Performance Management) and Student Administration software solutions to large corporations, governments, and organizations. Founded in 1987 by David Duffield and Ken Morris, and headquartered in Pleasanton, California, PeopleSoft's roots began with an idea Duffield had about a "Client-Server" (then a new concept) version of Integral Systems's popular mainframe HRMS package. Once Integral declined development and released Duffield to pursue this endeavor on his own, PeopleSoft was born. In 2003, when PeopleSoft acquired J.D. Edwards, it decided to differentiate its former product line with those of Edwards by renaming both products. PeopleSoft's original flagship product was rebranded as PeopleSoft Enterprise. J.D. Edwards' ERP product was rebranded as PeopleSoft EnterpriseOne. In January 2005, PeopleSoft was acquired in a hostile takeover by the Oracle Corporation. This takeover was resisted by PeopleSoft but Oracle overcame the legal challenge and after the approved merger, PeopleSoft ceased to be an independent company, although its products continue to be used by thousands of companies.

Beginning in 2003, PeopleSoft battled with Oracle over control of the PeopleSoft company. In June 2003, Oracle made a $7 billion bid ($19.50/share) in a hostile corporate takeover attempt. In February 2004, Oracle increased their bid to approximately $9.4 billion ($26/share), a 33% increase; this offer was also rejected forthwith by PeopleSoft's board of directors. Later that month, the U.S. Department of Justice filed suit to block Oracle, on the grounds that the acquisition would break anti-trust laws; however, in September 2004, the suit was rejected by a U.S. Federal judge, who found that the Justice Department had not proven its anti-trust case; in October, the same decision was handed down by the European Commission. Though Oracle had reduced its offer to $7.7 billion ($21/share) in May, it again raised its bid in November to $9.4 billion ($24/share), marking a 14% increase.

In December 2004, Oracle announced that it signed a definitive merger agreement to acquire PeopleSoft for approximately $10.3 billion ($26.50/share). In January 2005, Oracle fired massive numbers of former PeopleSoft employees. Although these cuts affected about 9% of the 55,000 staff of the combined companies, they stated that they would maintain at least 90% of PeopleSoft's product development and support staff, at least for the time being.

Companies increasingly must listen to their customers, both to maintain high-quality service and to identify unmet needs that represent new revenue opportunities. Business success can depend on how well your employees know your customers and provide them with a rewarding experience. Leverage the best practice expertise of BluEnt’s consultants and architects to maximize the value of your software investments. We can assess your needs, design and deploy a new or improved management solution to address them, and optimize your environment in the face of change.

How may we help you?

Other BluEnt Services

3D Perspective

3D Perspective
Architectural perspective rendering services adds a new lease on life to simple architectural... Learn More

Follow us