PeopleSoft Acquires Intellectual Property and Certain Assets of Calico Commerce; Internet Product Configuration Solution Will Set Industry Standard

Business Wire, Feb 25, 2002

Business Editors/High-Tech Writers

PLEASANTON, Calif.--(BUSINESS WIRE)--Feb. 25, 2002

PeopleSoft Inc. (Nasdaq:PSFT) today announced that it has purchased the intellectual property and certain assets of San Jose, Calif.-based Calico Commerce Inc. With this purchase, PeopleSoft will be the first enterprise applications provider to offer a comprehensive product configuration solution for both the sales and manufacturing processes.

PeopleSoft's new interactive selling solution is being designed so that users will be able to create real-time product configurations through an interactive process of needs analysis, recommendation, configuration, pricing, and quoting. PeopleSoft will combine Calico's scalable, best-of-breed product configurator with its industry-leading Customer Relationship Management (CRM) and Supply Chain Management solutions. The combination of these solutions will enable customers to dramatically reduce the cost of designing and maintaining complex product configurations -- all within an integrated, enterprise applications environment.

The configuration technology utilizes an efficient guided-buying process. This process combines a customer's needs with customized product and pricing information. Integrating an interactive analysis of customer needs and product recommendation capabilities will enable companies to deliver greater sales productivity, higher revenues, and increased customer loyalty.

Calico has been the leader in solving large-scale configuration issues. Scalable configuration enables multiple users to design large-scale configurations simultaneously. This is an important benefit for industries such as communications, healthcare and high-tech manufacturing, where configurations for equipment and services are often complex.

"PeopleSoft's acquisition of Calico's products further demonstrates our strategy to deliver best-of-breed, pure internet solutions," said Ram Gupta, executive vice president, products and technology for PeopleSoft. "The solution will offer customers unmatched convenience, choice, and value. Controlling the key elements of the product configuration process through all phases of the customer lifecycle will improve order accuracy and shorten the sales cycle."

About PeopleSoft

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

Statements made in this press release that state PeopleSoft's or its management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. The specific forward-looking statements relate to such matters as PeopleSoft's competitive position and market acceptance of its existing or planned products and services. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: economic conditions in the U.S. and abroad; the ability to complete and deliver products and services within currently estimated time frames and budgets; the ability to achieve revenues from products and services that are planned or under development; and other risks referenced from time to time in PeopleSoft's filings with the Securities and Exchange Commission. Please refer to PeopleSoft's annual report to shareholders (Form 10-K) and subsequent filings on Form 10-Q for more information on the risk factors that could cause actual results to differ.

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 2002 PeopleSoft, Inc. All rights reserved.