Vantive CRM Applications Integrate with PeopleSoft and Other ERP Systems
In October last year, CRM News revealed PeopleSoft 's plans to acquire The Vantive Corporation, the world's second largest independent supplier of customer relationship management (CRM) solutions.
PeopleSoft has announced it has now completed this acquisition.
The transaction was completed December 31, 1999 with the issuance of approximately 28 million shares of common stock and options to purchase common stock, and is anticipated to be accounted for as a pooling-of-interests.
The acquisition of Vantive allows PeopleSoft to offer a full suite of CRM products that integrate with PeopleSoft and other major back-office applications, a situation which they say is unique to them.
"PeopleSoft is now the only company in the world that can truly provide organizations worldwide with a proven, enterprise solution for eBusiness," claimed Craig Conway, president and chief executive officer at PeopleSoft. "The Vantive acquisition adds more than 30 widely used products in use by more than 860 customers round the world to PeopleSoft's repertoire of nearly 100 products for ERP, eCommerce and business intelligence. Together PeopleSoft and Vantive will continue to provide flexible enterprise solutions that fulfill customer needs."
The acquisition expands PeopleSoft's customer base to more than 4,000 organizations, further strengthens its global presence in more than 90 countries, and adds nearly 500 Vantive employees from all levels to its workforce. Organizations can now use eBusiness solutions offered by PeopleSoft to sell, support and service customers through any channel of interaction the Web, call center, e-mail, or directly through sales and service representatives.
Vantive's software was integrated with PeopleSoft's software earlier this year under PeopleSoft's Open Integration Framework program, allowing real-time communication of customer information between Vantive and PeopleSoft enterprise applications.