PeopleSoft Forms R&D Company - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

PeopleSoft Forms R&D Company

PeopleSoft Inc. says it has formed a research anddevelopment company focused on creating electronic-business, analytic, and industry-specific applications.

Momentum Business Applications Inc. is expected to go public on the Nasdaq market sometime next month. PeopleSoft says it will contribute $250 million to $300 million to the company prior to its initial public offering. Aneel Bhusri, PeopleSoft's senior VP of product strategy, will be interim president of Momentum until a full-time leader is named.

The company is not expected to hire any employees. Instead Momentum will contract with PeopleSoft and other third parties to conduct R&D activities, with PeopleSoft retaining an option to license any products or technologies that result. PeopleSoft will also have the right to purchase all Momentum shares at a price to be determined.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Slideshows
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Can Low Code Measure Up to Tomorrow's Programming Demands?
Joao-Pierre S. Ruth, Senior Writer,  11/16/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll