Oracle Strikes Buyout Deal With PeopleSoft
December 14, 2004
After an ugly 18-month fight to remain independent, software maker PeopleSoft agreed to a buyout offer from Oracle Corporation this week. The two makers of personnel and financial management software have a large presence on campuses worldwide. The merger will have significant impact on institutional customers, particularly those running PeopleSoft’s enterprise management products. PeopleSoft has approximately 600 higher education customers in the United States.
While Oracle has many campus customers for its database and accounting software, the company has only a handful of campuses that have purchased its enterprise resource planning software. Most campuses running an ERP system either use PeopleSoft or have constructed their own integrated administrative computing systems.
Many current PeopleSoft campus customers fear that support of PeopleSoft products will erode following the merger, and that institutions will be forced to implement Oracle products despite the company’s claims to the contrary. The Higher Education Users Group, made up of 345 PeopleSoft higher education customers, has been adamantly opposed to the merger since the first offer from Oracle in 2002.
- Tuition Discount Rates Reach New Record Level in 2015-16
- ED Offers Supplemental Cash Management Guidance
- Federal Agencies Release Guidance on Civil Rights Protections for Transgender Students
- 2016 CAO and CBO Collaborations
August 1-2, 2016
- 2016 Planning and Budgeting Forum
September 19-20, 2016
- 2016 Managerial Analysis and Decision Support
November 17-18, 2016
- ON-DEMAND: The Clery Act: Strategic Planning to Mitigate Institutional Risk
- ON-DEMAND: Title IX: Key Issues Surrounding Institutional Compliance
- ON-DEMAND: Containing Cost and Risk with Renewables – the Power Purchase Agreement Story
- ON-DEMAND: NACUBO Live! Higher Education Accounting Forum
- ON-DEMAND: Are Hedge Funds and Private Equity Right for You? An Analysis of Alternative Investments
- ON-DEMAND: Responsibility Center Management: Two Different Perspectives