PeopleSoft plunks down $1.7bn for J.D. Edwards


  • alert
  • submit to reddit

Reducing the cost and complexity of web vulnerability management

PeopleSoft is to gobble up J.D. Edwards for $1.7 billion in shares.

The two companies have combined annual revenues of $2.8 billion, which would rank second behind SAP in the enterprise applications market. The deal should help PeopleSoft expand its reach in the services and manufacturing industries.

The two companies announced the plan on Monday and expect to close the deal in the late third quarter or early fourth quarter. J.D. Edwards will becomes a PeopleSoft subsidiary, and the combined company will have 13,000 employees.

Software makers have been merging apace during these troubled times. The glory days of the CRM-startup have passed.

Some of the bigger buys of late include IBM's acquisition of Rational, Veritas' purchase of Precise and Jareva, and EMC's deal to grab Astrum Software.

PeopleSoft and J.D. Edwards hope that overlap between their existing customer bases will be minimal. PeopleSoft has its expertise in high-end CRM and ERP apps, while J.D. Edwards tends to play with smaller companies, especially those involved in manufacturing.

PeopleSoft could use a boost to make up for a slowdown in revenue. The company has already warned that 2003 profits will come in below last year's. In addition, those always timid competitors Oracle and Microsoft are eyeing PeopleSoft's business hungrily.

With this deal, PeopleSoft has planted a large stake through the heart of the mid-market and signaled that it's more than ready to take Redmond head on. ®

Related Stories

SAP results outperform rivals
PeopleSoft sales, profits slip
PeopleSoft rolls out more v.8.8 apps

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Wanna keep your data for 1,000 YEARS? No? Hard luck, HDS wants you to anyway
Combine Blu-ray and M-DISC and you get this monster
US boffins demo 'twisted radio' mux
OAM takes wireless signals to 32 Gbps
Apple flops out 2FA for iCloud in bid to stop future nude selfie leaks
Millions of 4chan users howl with laughter as Cupertino slams stable door
No biggie: EMC's XtremIO firmware upgrade 'will wipe data'
But it'll have no impact and will be seamless, we're told
Students playing with impressive racks? Yes, it's cluster comp time
The most comprehensive coverage the world has ever seen. Ever
Run little spreadsheet, run! IBM's Watson is coming to gobble you up
Big Blue's big super's big appetite for big data in big clouds for big analytics
prev story


Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.