PeopleSoft Acquires Cohera
Catalogue Management Software Expands Company’s
eCommerce Trading Exchange Services
Auckland -- August 28, 2001 - PeopleSoft Inc. (Nasdaq: PSFT) today announced it has acquired the intellectual property and certain assets of Cohera Inc. With the acquisition, PeopleSoft combines Cohera’s sophisticated Catalogue Management and content integration software with its industry-leading sales side and buy side collaborative applications. The combined solution will be the first to dramatically streamline customers’ procurement and sales processes, improve customer service, and reduce costs.
The solution is the first to enable both purchasing and merchandising professionals to create and manage sophisticated catalogues for buying and selling goods and services over the internet. In addition, customers can extend this business process to their suppliers. The solution enables suppliers to load product information into a customer’s catalogue themselves, freeing the customer’s purchasing department from this time-consuming task.
“For effective collaboration, businesses need to easily integrate content from many different sources into the applications,” said Ram Gupta, PeopleSoft Executive Vice President of Products and Technology. “Until now, such integration has been a problem for customers. By integrating Cohera’s solution with PeopleSoft’s collaborative applications, PeopleSoft is setting a new standard in private trading-exchange services.”
Commenting on the solution, Andrew Barkla, Vice President Asia Pacific, PeopleSoft said, “Providing eBusinesses with the ability to streamline their procurement and sales processes is extremely valuable, and enables us to deliver our customers a solution which will make a real difference to their trading operations. It’s accessible from any device with a web browser, and delivers powerful information to managers, upon which quick and informed business decisions can be made.”
AirClic Inc., a wireless information solutions company based in Blue Bell, Pennsylvania, will realise immediate value from implementing the new system. “We are purchasing PeopleSoft’s Cohera Catalogue Management System to solve the complexity of combining catalogue information from a wide variety of product and service providers,” said Suren Gupta, AirClic Executive Vice President of Technology. “The new eCommerce solution will allow us to easily integrate information from different formats and sources quickly and accurately, saving us time and giving our customers the highest-quality information.”
“PeopleSoft continues to demonstrate that it is adept at finding the right mix of partnerships, acquisitions, and internal development,” said Bob Parker, Vice President, B2E Commerce Strategies, at AMR Research Inc. “The product content management capability picked up with the acquisition of Cohera, combined with the new functionality developed, earns PeopleSoft definite consideration for users looking to build a Private Trading Exchange, whether they are existing PeopleSoft users or not.”
To support its catalogue content integration initiative, PeopleSoft has created a network of leading content service partners, including: ADX-Advanced Data Exchange, British Telecom, Commerce One, eScout, EssentialMarkets, Metacat, Redknife, SPS Commerce, TPN Register, VerticalNet, and Zycus. PeopleSoft’s open architecture, combined with the offerings of these companies, will allow customers to create and adopt new content, access catalogue information across networks regardless of its format, and manage complete supplier content relationships.
“Having an open approach to catalogue content management -- particularly one that will appreciate the differences between a buy side and sell side environment -- is a key differentiation in today's market,” said David Yockelson, Senior Vice President, Electronic Business Strategies, at META Group. “A flexible catalogue environment enables customers to adopt solutions that work for their enterprises rapidly; moreover, it can provide low risk, given the constant change that is a staple of today's content market.”
PeopleSoft’s acquisition of the intellectual property and certain assets of Cohera was a cash transaction completed on July 23, 2001. Cohera was a privately held company.
PeopleSoft Inc. (Nasdaq: PSFT) is a world leader in providing eBusiness applications that enable people - customers, suppliers, and employees - to power the internet. PeopleSoft’s pure internet Customer Relationship Management, Supply Chain Management, and Enterprise management solutions provide the industry’s most open and flexible e-commerce platform. PeopleSoft employs more than 8,500 people worldwide, including 2,500 eBusiness consultants. More than 4,700 organisations in 107 countries run on PeopleSoft eBusiness applications. For more information, visit us at www.peoplesoft.com.
PeopleSoft began operations in Asia Pacific in 1993 and now has offices in Sydney, Melbourne, Canberra, Perth, Brisbane, Adelaide, Auckland, Wellington, Singapore, Hong Kong and Malaysia. Its customers include AAP, AMP, ANZ, Australian National University, Australian Stock Exchange, Bangkok General Hospital, Coles Myer, Department of Defence, Eastern Energy, Ford, Foxtel, Government of Singapore Investments Corporation, HSBC Holdings, John Fairfax Holdings, Mass Transit Railway Corporation (MTRC) Hong Kong, National Mutual Health Insurance, NZ Police, NZ Post, UNITEC, Reserve Bank of Australia, Reding Paper Products, Transfield Pty Ltd, University of NSW, Hewlett-Packard, Citibank, AMD, DBS Bank, PSA Corporation, Singapore Ministry of Finance, Morrison Express, Singtel, Starhub, Tenaga Nasional, Telekom Malaysia and Swire Properties.
PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners. Copyright © 2001 PeopleSoft, Inc. All rights reserved.