Business Services Industry
Mergers rock ERP software industry. (Software).
Logistics Management (Highlands Ranch, Co.), July, 2003
Analysts have been predicting a shakeout in the supply chain software industry for several years now. Last month, that day finally arrived--with a bang--as three supply chain software providers announced that they would be sold.
In the space of just a few weeks, PeopleSoft said it would buy J.D. Edwards & Co.; two venture capital firms bought Baan; and value-added network provider Global eXchange Services bought Celarix. Looming over all was the prospect of an even bigger deal, as software giant Oracle launched a hostile bid for PeopleSoft.
That there were acquisitions came as no surprise. But the fact that J.D. Edwards and PeopleSoft were involved caught some observers off guard, since both of them were doing well.
PeopleSoft of...
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