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.
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