Calico closes sale to PeopleSoft

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Calico Commerce has closed the sale of its intellectual property and certain assets to PeopleSoft for approximately $5 million cash. As a result of the sale, Calico will cease selling its products, and PeopleSoft will begin providing support of Calico's configuration applications and will collect money due to Calico.

In addition, PeopleSoft has hired approximately 40 of Calico's employees, leaving Calico with approximately 5 employees to perform the remaining tasks necessary to conclude its bankruptcy proceedings and other administrative matters.

"The market for stand-alone interactive selling vendors is vanishing because customers are demanding broad, integrated enterprise software solutions, as opposed to point products," said James B. Weil, president and CEO of Calico.

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