Global software major Oracle Corporation has completed the acquisition of PeopleSoft development centres, operated by Covansys Corporation and Hexaware Technologies Ltd, which will add over 1,000 professionals to Oracle's applications segment.
PeopleSoft, the second largest provider of enterprise applications software, said on Thursday that it would increase employee strength to around 1,000 from the current 360.
The United States-based business application software vendor PeopleSoft will increase its headcount in India to 1,000 by the end of 2004.
Oracle Corp., the world's No. 2 software maker, said on Friday it offered to buy rival PeopleSoft Inc for $5.1 billion, four days after PeopleSoft offered to buy another rival, J D Edwards & Co.
US-based corporate software maker PeopleSoft will invest $30-40 million in a services centre in Bangalore to be set up and managed by India's Hexaware Technologies, the Bombay Stock Exchange said
Oracle Corporation on Monday announced that it would buy PeopleSoft for about $10.3 billion in a deal approved by the board of directors of both firms.
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
Technology solutions provider to the financial services industry i-flex solutions on Wednesday said that First Magnus Federal Bank has become the first US retail bank to opt for its Flexcube for its complete banking platform.
The Chennai-based Hexaware Technologies has received a multi-million dollar contract from a US-based customer to provide human resource solutions.
Oracle Corp.'s bid to buy rival software maker PeopleSoft Inc on Friday for $5.1 billion could spark moves by bigger players hoping to carve out a larger piece of the market, analysts said.
Given their growth prospects and reasonable valuations, Mindtree, Hexaware and NIIT remain top picks of most analysts.
Ellison and the two new co-CEOs each stressed that nothing would change under the new management structure, with Ellison staying on as executive chairman and chief technology officer.
The New Year, like 2014, will see brisk hiring. But, specialisation and strong domain skills will decide who gets hired.
