Oracle puts rival Peoplesoft out of business in takover

David F Mayer — 12/30/2004 6:45:35 PM (archived)

Oracle takes over software rival PeopleSoft

Software giant Oracle has taken control of rival PeopleSoft after an 18-month takeover battle. Yesterday, Oracle said 75 percent of PeopleSoft shareholders tendered their shares. That officially puts Oracle in charge, moving it closer to closing the contentious $10.3 billion deal.

The Oracle plan is this, as I understand it: Convert ALL of Peoplesoft's clients to Oracle Financials and scrap the Peoplesoft product line entirely. I expect nearly all of Peoplesoft's employees to be let off. Fundamentally, Oracle just wanted the customer base and is throwing away the rest.

The whole thread (8 posts)

Oracle puts rival Peoplesoft out of business in takover - David F Mayer - 12/30/2004 6:45:35 PM
- Big fish eat little fish (n/t) - alcaray - 12/30/2004 9:44:53 PM
  - Peoplesoft was a big fish, but not as big as Oracle (n/t) - DFM - 1/3/2005 6:41:14 AM
- Interesting to watch......... - Publius - 12/30/2004 7:41:05 PM
  - Peoplesoft made lousy software anyway. Their system was NOT built around the General Ledger concept, fundamental to accounting. The death of Peoplesoft is no loss to business. (n/t) - David F Mayer - 12/30/2004 7:58:00 PM
    - I've noticed this problem with just about every enterprise software solution I've ever encountered. - Scott Evil - 1/3/2005 3:53:36 PM
    - But the conversion costs wil be murder - Fox - 12/30/2004 10:14:34 PM
      - You are right. Conversion will be a nightmare. It will be aided somewhat by custom software produced by Oracle for the purpose. - David F Mayer - 12/31/2004 6:22:01 AM

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