BusinessCompany NewsPeopleSoft customer body opposes Oracle bid

PeopleSoft customer body opposes Oracle bid

An independent organisation that looks after the interests of PeopleSoft's 5,100 worldwide customers has opposed Oracle's hostile $6.3bn takeover bid.

Link: Oracle slams PeopleSoft ‘lies’

The International Customer Advisory Board released a statement today in full support of the board’s 20 June decision to reject Oracle’s revised offer.

‘Oracle’s expressed intention to discontinue the PeopleSoft product line is of grave concern,’ said said Peg Nicholson, president of the PeopleSoft ICAB, in a statement.

‘We feel strongly that an Oracle acquisition of PeopleSoft would reduce competition and force PeopleSoft users to migrate from their current applications and possibly database platforms – this unnecessary, expensive and risky effort is clearly not in the best interest of PeopleSoft customers.’

But the board’s resilience could be tested further as Larry Ellison hinted that a third approach may be made. ‘Never say never,’ he said, speaking at Oracle AppsWorld in London yesterday.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor