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by Stephanie Neil, MA Editorial Staff
Posted on Wednesday, March 09, 2005 4:04:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | SAP revives Human Capital Management Unit in bid to pry away PeopleSoft human resources software customers; Oracle seeks to wrest Retek from SAP. |
Chicago -- The jousting between arch-rivals SAP AG and Oracle Corp. has reached new heights. Managing Automation has learned that SAP is quietly rebuilding its Human Capital Management (HCM) business as part of an aggressive assault on Oracle's newly acquired PeopleSoft customer base. Over the last two months, in fact, the company has appointed a former PeopleSoft executive as vice president of the unit, while building a sales staff and lining up consulting partners to help convince PeopleSoft's human resources software customers to migrate to SAP. Oracle, meanwhile, made an unsolicited $9.00-per-share offer yesterday to acquire retail software provider Retek Corp., whose board last week agreed to SAP's $8.50 a share tender. In a prepared statement, SAP pointed to its applications architecture, not the value of its acquisition offer, to reaffirm why the company believes it is a better suitor for Retek -- and a more valuable partner for its customers. [Click to continue] |
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