PeopleSoft to buy J.D. Edwards

PeopleSoft Inc. has agreed to acquire another software firm, J.D. Edwards & Co., forming the world's second largest enterprise applications software company, the two companies announced today.

The deal, to be paid in stock to J.D. Edwards shareholders, is valued at about $1.7 billion, based on PeopleSoft's May 30 closing stock price.

The two companies combined will have about $2.8 billion in annual revenues, 13,000 employees and more than 11,000 customers in 150 countries.

Edwards will become a wholly owned PeopleSoft subsidiary. The boards of the two companies have approved the deal, but shareholders still must vote.

Featured

  • Acquisition
    network monitoring (nmedia/Shutterstock.com)

    How companies should prep for CMMC

    Defense contractors should be getting ready for the Defense Department's impending cybersecurity standard expected to be released this month.

  • Workforce
    Volcanic Tablelands Calif BLM Bishop Field Office employee. April 28, 2010

    BLM begins move out of Washington

    The decision to relocate staff could disrupt key relationships with Congress and OMB and set the stage for a dismantling of the agency, say former employees.

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.