Vantive
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| Type | Subsidiary |
|---|---|
| Fate | Acquired by PeopleSoft |
| Successor(s) | Oracle Corporation |
| Founded | 1990 |
| Headquarters | Santa Clara, California, USA |
| Key people | Roger Sippl, Steven Goldsworthy, William Davidow |
| Products | Vantive System |
| Employees | 592 |
| Parent | Oracle Corporation |
Vantive Corporation was a company that provided customer relationship management (CRM) solutions. It existed as an independent corporation until its merge with PeopleSoft on 1999. Later PeopleSoft itself was acquired by Oracle Corporation. Vantive as a brand no longer exist, as only the PeopleSoft name and product line are marketed by Oracle.
[edit] History
Vantive Corporation was founded in 1990 as ProActive Software by Roger Sippl (also founder of Informix), and Steven Goldsworthy (Informix worker). Its products were developed in collaboration with William Davidow, an investor and author of Total Customer Service.
Its main product was Vantive System, a software suite created to integrate call centers and help-desk with the field service personnel. One of its clients was Electronic Data Systems, now HP.
On December 31, 1999, Vantive Corporation merged with PeopleSoft in a stock-for-stock deal worth about $433 million. Vantive Systems were integrated into PeopleSoft's Web-based business applications.
In 2005, Oracle acquired PeopleSoft. By that time, Vantive brand was fully absorbed within PeopleSoft, and today is no longer promoted.
[edit] References
- CNET NEWS: http://news.cnet.com/PeopleSoft,-Vantive-merge-in-433-million-deal/2100-1001_3-231211.html
- Bloomberg Business Week: http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=36152
- CBS Business Library: http://findarticles.com/p/articles/mi_m0SMG/is_n14_v13/ai_14425944/
- Destination CRM: http://www.destinationcrm.com/Articles/Older-Articles/The-Edge/Vantive-Joins-Forces-with-PeopleSoft--48513.aspx
