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PeopleSoft ties with Hexaware on solutions

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CIOL Bureau
New Update

BANGALORE: The US-based business software firm PeopleSoft Inc and India's

Hexaware Technologies Ltd. said on Tuesday that they had signed an agreement,

under which Hexaware would implement PeopleSoft solutions. "Through this

relationship, Hexaware will offer consulting, implementation and integration

services around PeopleSoft solutions to mutual customers," the firm

officials said in a statement.

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PeopleSoft makes a wide range of software modules to run various aspects of

businesses like payrolls, human resource management, and customer relations and

supply chain management. PeopleSoft's solutions compete mainly with those made

by Germany's SAP AG and Oracle Corp.

The Chennai-based Hexaware, which has about 800 employees, has experience in

implementing business software, and has proprietary "connectors" which

help diverse applications talk to each other. It also has a large team to mix,

match and service applications. "We provide the glue to integrate

applications," said Hexaware executive director P K Sridharan.

The board of privately held Hexaware, will meet soon to consider the merger

of the software division of Aptech Ltd with itself. Hexaware and Aptech, which

specializes in software education, have a common chairman and founder, Atul

Nishar.

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Price target raised



Meanwhile, in New York leading analysts firm, JP Morgan has announced that
it had raised its share price target for PeopleSoft Inc. on Tuesday after the

e-business software maker rolled out its new Internet sales and customer service

offering.

In a research note, JP Morgan said it raised the 6-month price target to $48

from $37. PeopleSoft stock was trading up $2.48 at $43.19 on the Nasdaq Tuesday

morning. PeopleSoft, which claims the distant second spot in the fast-growing

customer relationship management (CRM) software sector dominated by Siebel

Systems Inc., said it will ship its Web-based CRM software to customers at the

end of June.

"Though Siebel Systems has a commanding lead that doesn't look

threatened, PeopleSoft can now be much more aggressive in its installed base and

cross-sell more," said the JP Morgan note.

(C) Reuters Limited 2001.

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