Latest Salerno Manufacturing Systems News
Jun 3, 2013
October 24, 1997 12:40 PM PDT PeopleSoft to acquire Salerno PeopleSoft retools for Java August 22, 1997 Client-server business software maker PeopleSoft (PSFT) on Monday will announce the acquisition of privately heldmanagement software maker Salerno Manufacturing Systems for an undisclosedamount. Under the terms of the purchase, PeopleSoft has moved all nine Salerno employees, including development, support, and sales staff, to its offices in Southfield, Michigan, PeopleSoft executives said. Details of the purchase were not disclosed. Salerno's flagship SPM+open software will be integrated with PeopleSoft'snext version of its software suite PeopleSoft 7.5. The new product will be renamed PeopleSoft Quality, and will be available in the first half of 1998, according tothe company. PeopleSoft Quality will allow engineers to collect data, have statisticalprocess control, and quality data analysis. "It also allows users to have post quality analysis, providing charts on how well your [manufacturing] process is going," said Rob McKelligan, vice president of product strategy for PeopleSoft. "The whole focus of the product is on material quality. " McKelligan admitted that his company is relatively new to the manufacturingmarket compared to its competitors, Baan , SAP ,and Oracle , but he said the acquisitionof Salerno brings a proven product and the expertise needed for the company to establish itself in this space. "We're always looking for an angle we can get that manufacturers will wantto employ," McKelligan said. "We want to find something that will set ourselves apart. " The acquisition caps the end of a week that had PeopleSoft reportingearnings of $28 million, or 23 cents per share, for the third quarter--above analysts' expectations. The purchase also comes a year after PeopleSoft's purchase of Red Pepper Software in a $255 millionstock transaction. In addition to providing management for manufacturing, PeopleSoft hopes toleverage Quality to provide process measurement to other PeopleSoftapplications. Company officials said customers are interested in monitoringthe quality of materials in other areas of PeopleSoft's operation, such as receiving and shipping.
Salerno Manufacturing Systems Frequently Asked Questions (FAQ)
What is Salerno Manufacturing Systems's latest funding round?
Salerno Manufacturing Systems's latest funding round is Acquired.
Who are the investors of Salerno Manufacturing Systems?
Investors of Salerno Manufacturing Systems include PeopleSoft.