PeopleSoft to buy J.D. Edwards

PeopleSoft Inc. is planning to purchase enterprise software firm J.D. Edwards for $1.7 billion in stock.

The synergy between the two companies should benefit both mid- and large-sized customers throughout government, said Steve Swasey, PeopleSoft's director of corporate public relations. The company is still analyzing the various synergies it will derive from the acquisition, so Swasey would not comment on the effect on specific agencies or work.

PeopleSoft provides software and solutions to 350 federal, state and local government agencies and 650 higher education institutions. At the federal level, the company provides software to 13 of the 15 cabinet-level agencies, Swasey said.

Under the terms of the agreement, J.D. Edwards' stockholders will receive 0.86 PeopleSoft common shares for each outstanding J.D. Edwards common share. When combined, the two companies will have about $2.8 billion in annual revenue, 13,000 employees and more than 11,000 customers in 15 countries.

 

About the Author

William Welsh is a freelance writer covering IT and defense technology.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.