Beautifully engraved certificate from People Soft, Inc.
. This historic document was printed by the Security-Columbian United States Banknote Company and has an
ornate border around it with a vignette of the company logo. This item has the printed signatures of the Company’s President and Chief Executive Officer and Secretary.
12.29.04 - Oracle says it has taken control of its rival PeopleSoft, ending an 18-month hostile takeover battle.
As of Oracle's deadline of midnight earlier today, PeopleSoft (nasdaq: PSFT - news - people ) stockholders tendered about 75% of the company's outstanding shares. Earlier this month, PeopleSoft agreed to a $10.3 billion buyout by Oracle (nasdaq: ORCL - news - people ), creating the world's second-largest business applications software maker. The deal is expected to close next month. Oracle named four representatives to PeopleSoft's board, giving it majority representation and replacing those who resigned, including PeopleSoft founder Dave Duffield, who stepped down as chief executive, chairman and director.
PeopleSoft had a history of innovating at technology shifts and bringing the benefits to customers' desktops. It started in the mid-1980s when company founders Dave Duffield and Ken Morris built our first human resources application on a client-server platform instead of the traditional mainframe, adding needed flexibility and putting more power into the hands of users. And it's happening again right now, as the generational shift from client-server to internet architecture brings organizations the opportunity to enhance their interactions with their customers, suppliers, and employees dramatically .
While consumer applications on the internet have evolved to the mass adoption stage, changing the fabric of everyday life, businesses have just scratched the surface. In 1998, PeopleSoft recognized that Fortune 2000 corporate strategic plans were increasingly looking to the internet to increase profitability by making customer and vendor transactions faster and better. As a result, we retrenched our internal strategy, halting development of anything that wasn't a pure internet application. We directed the bulk of our resources—$500 million and 2,000 developers over two years—into our new pure-internet platform for the real-time enterprise. The result is PeopleSoft 8, with more than 150 pure-internet applications. All with no client software to maintain. All designed to build loyal customer relationships, enable better supplier communication, and make employee recruiting and retention more efficient.
PeopleSoft 8 makes better interactions possible by delivering both the relationship and analytic data you need to the employee in your organization who needs it, when they need it. Relationship data includes details of past transactions, from the size and status of a vendor's latest shipment to which sport a customer's kids play. Business analytic data indicates which customers are the most important based on the amount of product they are likely to buy and your cost of serving them, or which vendors deliver the highest quality products, on time and at the best price. The sales force or customer service teams have that data available from any browser when the customer calls or when the vendor is ready to negotiate a price.
Optimizing interactions, managing real-time business processes, analyzing your business to anticipate opportunities, increasing revenue, and reducing costs. It all adds up to more profitable relationships. It's what you can expect from PeopleSoft: software and services for the real-time enterprise.
History from People Soft Press Information.