PeopleSoft Supplier Relationship Management Earns Top Industry Honors; Datamation Selects PeopleSoft Supplier Relationship Management as Product of the Year

Business Wire, March 18, 2002

Business Editors/High-Tech Writers

PLEASANTON, Calif.--(BUSINESS WIRE)--March 18, 2002

PeopleSoft Inc. (Nasdaq:PSFT) today announced that the PeopleSoft Supplier Relationship Management (SRM) solution has been selected as Datamation's Product of the Year. Information Technology (IT) executives from around the world selected PeopleSoft SRM as the number one enterprise application of 2001. This award demonstrates PeopleSoft's continued momentum in delivering industry leading supply chain solutions.

"Companies are recognizing the benefits of executing informed sourcing strategies, paperless procurement, and improved relationships with suppliers," said Chris Nerney, executive editor of Datamation. "The fact that our readers ranked PeopleSoft SRM number one is another indication that this solution continues to gain rapid market acceptance."

PeopleSoft SRM connects an organization's customers, suppliers and employees directly into critical day-to-day business processes. The industry leading solution integrates sourcing, catalog content, procurement, settlement and analysis, allowing an enterprise to collaborate and maximize supplier relationships. Benefits of this real time interaction are significant and can include reduced procurement costs for goods and services, increased time to market and faster response to changes in customer demand.

In addition, embedded analytics help organizations quickly evaluate the strategic value of suppliers by providing insight into key supplier performance metrics. With the ability to access relevant indicators instantaneously, companies can continuously monitor business processes, ensuring effective management of supplier relationships across the enterprise.

"Although 2001 was a tough year for the software market, the need for enterprise applications didn't disappear," said Joshua Greenbaum, principal of Enterprise Applications Consulting, Daly City, Calif. "PeopleSoft SRM responds to the needs of companies watching the bottom line by bringing efficiencies to supplier relationships that will reduce operational costs across the enterprise."

"PeopleSoft SRM enables companies to move the entire source-to-settle process online," said Mike Frandsen, vice president and general manager of PeopleSoft's Supply Chain Management division. "For the first time, organizations can use a single comprehensive solution to share, store and manage information among supply chain partners to create strategic advantage over competitors."

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.

About INT Media Group

INT Media Group (Nasdaq: INTM), headquartered in Darien, CT, is a leading provider of global real-time news, information and media resources for Internet industry and information technology professionals, Web developers and experienced Internet users. INT Media Group includes the internet.com and EarthWeb.com Network of 160 Web sites (of which Datamation.com is part of) and 225 e-mail newsletters that generate over 225 million page views monthly. INT Media Events encompass nearly 40 offline conferences and trade shows on Internet and IT-specific topics that are aligned with our Network of Web sites and e-mail newsletters. In addition, INT Media Research publishes research reports analyzing the Internet and information technologies sectors worldwide.

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