Peoplesoft pursued its strategy of targeting vertical markets with the acquisition of life insurance software specialist, Trimark.
The privately held company made revenues of $14.5 million last year and analysts believe Peoplesoft paid $25-30 million for it. It will remain a separate entity for at least a year while its Transcend product is reworked using its new parent's Peopletools development environment. The product will then be integrated into the main product set.
As ERP software houses move more heavily into vertical markets, Peoplesoft is likely to make several more acquisitions. It took over retail specialist Intrepid Systems two weeks ago and last week signed a deal with Andersen Consulting to design profit analysis tools for the insurance sector.
Rolls Royce will use AI powered by Intel's Xeon Gold processors and SSDs for memory
The most extreme range of orbits yet observed in such a young star system, claim University of Cambridge astronomers
HP and Centrica are the first industry partners to sign up to the government's new Code
New ice grows faster but is also more vulnerable to weather and wind