PeopleSoft to Embed IBM WebSphere into its Pure Internet Solutions; Agreement is Next Step in Expanding Global Strategic Alliance

Business Wire, July 24, 2001

Business Editors/High Tech Writers

PLEASANTON, Calif.--(BUSINESS WIRE)--July 24, 2001

PeopleSoft Inc. (NASDAQ: PSFT) today announced an agreement to embed the IBM (NYSE: IBM) WebSphere Application Server into its enterprise application suite. The PeopleSoft and IBM solution will be pre-integrated and will not require additional customer licenses, enabling rapid deployment of eBusiness infrastructures.

"Our expanded strategic alliance with IBM demonstrates PeopleSoft's continued innovation in delivering pure internet application solutions," said Craig Conway, PeopleSoft CEO and president. "Both companies are committed to helping organizations build collaborative networks connecting customers, suppliers and employees with world-class technology."

"IBM is delighted PeopleSoft has chosen to embed WebSphere into its enterprise suite of applications," said Steve Mills, senior vice president and group executive of IBM Software Group. "PeopleSoft's industry-leading enterprise applications and IBM's WebSphere application server will provide collaborative enterprises immediate access to a complete solution. No more waiting for server downloads and complex integrations."

"The PeopleSoft and IBM alliance is good news for companies that are serious about collaborative enterprise applications and that want to deploy them quickly and cost-effectively," said Robert A. Eichenberger, vice president of Information Technology Finance & Administrative Systems at Fireman's Fund Insurance Companies. "PeopleSoft has significantly strengthened its position in the market by embedding IBM WebSphere, a corporate standard internet technology, as a core component of its eBusiness solution."

Peoplesoft and IBM are investing significant resources in joint sales, marketing, consulting, customer service and research and development to support this expanded global strategic alliance. The specifics of the expanded alliance will be finalized by the parties in the near future.

About PeopleSoft

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 8,000 people worldwide, including 2,400 eBusiness consultants. More than 4,700 organizations in 107 countries run on PeopleSoft eBusiness applications. For more information, visit us at www.peoplesoft.com.

Note to Editors: 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.