Oracle buys out Peoplesoft, hopes to improve service

The acquisition was accepted by the boards of both companies and will be finalized in January next year. This transaction will have a significant impact on the Polish corporate software market as well. "The end of this process strengthens our local position. We will be stronger and quicker in obtaining new customers," claims Paweł Piwowar, Oracle president in Poland. According to company representatives, domestic clients of PeopleSoft and JD Edwards will gain better local technical support and direct access to a local representative. Piwowar also added that the company now expects that this acquisition will lead to increased revenues due to servicing PeopleSoft customers. In 2003 Oracle in Poland generated over zł.270 million in revenues. According to IDC, Oracle had an 18% share in the domestic ERP software market by the end of 2003 while its main competitor, Germany's SAP has 10% more. (Puls Biznesu, p. 4) A.K.