PeopleSoft Hires Industry Luminary Doug Merritt To Lead Human Resources Management Systems Division; Industry Leader to Drive Next Generation Human Capital Management Solutions

Business Wire, Dec 5, 2001

Business/Technology Editors

PLEASANTON, Calif.--(BUSINESS WIRE)--Dec. 5, 2001

PeopleSoft Inc. (Nasdaq: PSFT) today announced it has hired Doug Merritt as vice president and general manager for PeopleSoft's industry-leading Human Resources Management Systems (HRMS) product division. Merritt's proven domain and management expertise will drive PeopleSoft's future strategic direction, building on the company's thought leadership and dominant position in the human resources (HR) applications market.

"Doug Merritt's credentials as a human resources industry luminary will be a tremendous asset to PeopleSoft," said Ram Gupta, executive vice president of PeopleSoft Products and Technology. "Doug's experience in the HR applications market, along with his strong sales and marketing background, make him a valuable addition to our management team."

Merritt joins PeopleSoft with more than 14 years of unique experience in the software industry. Most recently, Merritt was founding president and CEO at Icarian, a Sunnyvale company that offers internet-based workforce lifecycle software. During his tenure as CEO, Merritt earned his reputation as a visionary in the HR applications market. Prior to that, Merritt worked at Patrol Software as director of sales, which was later acquired by BMC Software. Additionally, he served as the first head of western region sales and marketing at PowerSoft. Merritt has also held positions at Oracle and Andersen Consulting, after earning a degree in Business from the University of the Pacific.

"The human capital management applications marketplace is evolving. The dramatic transformation to a knowledge economy has reconfirmed the value of an organization's workforce," said Merritt. "PeopleSoft's pure internet architecture provides companies with a unique technology platform, enabling them to optimize their workforces by connecting people with HR business processes. I look forward to guiding PeopleSoft's development and delivery of its next-generation HR software solutions."

About PeopleSoft

PeopleSoft (Nasdaq: PSFT) is the world's leading provider of collaborative enterprise software. PeopleSoft pure internet software enables organizations to reduce costs and increase productivity through collaboration with their customers, suppliers, and employees. PeopleSoft's integrated, best-of-breed applications include Customer Relationship Management, Enterprise Service Automation, Supply Chain Management, Human Resources Management, Financial Management, and Enterprise Performance Management. More than 4,700 organizations in 107 countries run on PeopleSoft software. For more information, visit us at www.peoplesoft.com.

Note to editors: a Photo of Doug Merritt will be available upon request.

PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners. Copyright (c) 2001 PeopleSoft, Inc. All rights reserved.