Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

PeopleSoft To Acquire Skillsvillage


eBusiness Leader Sets Standard for Enterprise Services Automation (ESA)

PeopleSoft Inc. (Nasdaq: PSFT) today announced a definitive agreement to acquire SkillsVillage of Sunnyvale, Calif.

The combination of these two companies will result in the industry's only pure internet collaborative solution that automates a company's entire services procurement process. Customers gain complete management control over spending on all services, and can automate procurement of services from requisition to payment and enable real-time collaboration between themselves and their services suppliers.

"The corporate spend on services is one of the largest expense line items in enterprises today," said PeopleSoft President and CEO Craig Conway. "The financial benefits of automating services far outweigh the benefits derived from automating other types of procurement such as Maintenance, Repair and Operation (MRO)."

"PeopleSoft, already a leader in the ESA market, added more than 50 new customers in the first quarter of 2001. Our position in Human Resources Management, eProcurement and Supply Chain Management gives us a huge competitive advantage," Conway added.

"Together, SkillsVillage and PeopleSoft represent the first truly viable vendor in our market," said SkillsVillage CEO Chris Wong. "Combined with PeopleSoft's solutions in Human Capital Management, ESA, and eProcurement, we will become the first major enterprise vendor to deliver a full end-to-end solution for the entire services supply chain."
"PeopleSoft again has seized an opportunity to set a trend in the industry," said Bruce Richardson, senior vice president, AMR. "They recognize the business imperative today for companies to improve profits, increase efficiencies and reduce costs. Acquiring SkillsVillage vaults PeopleSoft into the leading position in the very lucrative services automation market while other MRO vendors are struggling to survive."

The transaction will be affected by the exchange of PeopleSoft stock and cash for all of the outstanding stock of SkillsVillage. It is subject to customary closing conditions, including compliance with applicable regulatory requirements. The acquisition is scheduled to close on May 31, 2001.

SkillsVillage was founded in 1999. It is a privately held company.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO: