| By Oracle News Desk |
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| January 23, 2005 12:00 AM EST |
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Hard on the heels of the announcement by the current market leader in the
world of business software, the German giant SAP, that it will be buying
TomorrowNow Inc., a supplier of software maintenance and support services for
PeopleSoft apps - Oracle-PeopleSoft's CEO Larry Ellison has been speaking to the
CNBC TV channel about how he is "sorry" about the 5,000 layoffs, or 9% of his
combined new workforce, that his hostile acquisition has triggered.
"We never like to be in the position where we have more employees than jobs,"
Ellison said, "but that's just one of the things that happen when you glue two
big companies together."
Prior to the announcement of the financial details of the takeover - an
announcement which is due to take place next week, on January 26 - Ellison's
Oracle-PeopleSoft has been making it clear that it is going to become a major
thorn in the side for SAP.
Ellison has already announced that the new
merged company will support PeopleSoft product lines until 2013 and will go
ahead with releasing PeopleSoft Enterprise 9.0. He is expecting the newly merged
company to retain PeopleSoft customers at the same 95% rate it currently retains
its own users.
Confirming that Oracle won't buy another company until it has successfully
integrated PeopleSoft, Ellison has conceded that it will take 3-4
years to complete "Project Fusion" - to develop a product combining the software
of both companies.
Any "Project Fusion" products would be written in Java and use
standards-based rules to allow easy integration with other applications, and
Ellison will personally babysit the endeavor: "My biggest focus is on Project
Fusion," he said.
Oracle-PeopleSoft intends to take the game to SAP, which in turn recently
rolled out database server software, NetWeaver, aimed to steal marketshare from
Oracle. "We will win," he has (predictably) said.
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