06 January 2005 | David Arminas
Oracle has reassured users of PeopleSoft and JD Edwards products and services that it will continue to support them following its successful £5.3 billion takeover of PeopleSoft.
Larry Ellison, Oracle chief executive, told delegates to the annual Oracle users' OpenWorld conference in California that the firm would "over-support" PeopleSoft customers.
The PeopleSoft 9 and JD Edwards 5 applications that are being developed will be completed, Oracle has said.
There are no plans to merge the PeopleSoft and Oracle products, and Oracle's E-Business suite will remain unaffected by the takeover. However, there could be up to 6,000 redundancies at PeopleSoft.
The 18-month controversial and hostile takeover battle ended when PeopleSoft finally agreed to Oracle's offering of $26.50 a share last month.
Oracle is now the second largest supplier of business application software after Germany's SAP.
The takeover bid was opposed by Oracle's rivals, especially its main database rival IBM, which complained to the US Department of Justice.
IBM claimed that it would lose millions in database software sales and systems integration business. But both the Department of Justice and the European Commission disagreed, paving the way for Oracle's eventually successful bid.
At its San Francisco conference, Oracle also launched its first enterprise content management product, Oracle Files 10g.
Oracle 10g is claimed to help users find data more easily, establish compliance policies and reduce the risk of sensitive information being made public.
Oracle, Dell, Intel and information storage solutions business EMC are also joining to create Project MegaGrid to boost the prospects of grid computing.
A grid computer environment would allow any computers to be plugged into a system, regardless of software, to download and upload information.