TITLE

Software's Race to the Middle

AUTHOR(S)
van Hasselt, Caroline
PUB. DATE
November 2004
SOURCE
Treasury & Risk Management;Nov2004, Vol. 14 Issue 10, p20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that in September 2004, just as the takeover battle between PeopleSoft Inc. and Oracle Corp. was heating up, PeopleSoft announced its largest ever strategic alliance — a $1 billion, five-year technology deal with International Business Machines (IBM) Corp. At the time, the alliance appeared to some as an attempt to thwart Oracle's long-running hostile takeover of PeopleSoft. But while some may have hoped that IBM could be PeopleSoft's white knight, the alliance brought to PeopleSoft something just as valuable — the IBM middleware technology known as WebSphere.
ACCESSION #
15220764

 

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