US Software Giant Sees Promising Market in China

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Last updated at: (Beijing Time) Thursday, April 11, 2002

US Software Giant Sees Promising Market in China

PeopleSoft, the fifth largest software maker in the world, will invest in China in the coming eight years. Peoplesoft's China branch will focus on three areas: finance, telecom and utility. It will seek the help of its partners in the initial stages, including IBM, Accenture and local firm Omega Consulting Co Ltd.

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PeopleSoft to invest in China

PeopleSoft, the fifth largest software maker in the world, will invest in China in the coming eight years.

"We make a few investments every year and China will be our biggest move this year in terms of market and products," Craig Conway, chief executive officer and president of PeopleSoft.

He said China's accession to the World Trade Organization (WTO) means more local enterprises will have chances to compete with their international counterparts and are anxious to upgrade their management with enterprise software, so PeopleSoft is coming at a "prefect time".

PeopleSoft is the second largest enterprise management software maker globally and boasts its purely Internet-based solutions.

The China operation will first be based in Beijing and then another office will be opened in Shanghai.

Three areas to be focused

Peoplesoft's China branch will focus on three areas: finance, telecom and utility. It will seek the help of its partners in the initial stages, including IBM, Accenture and local firm Omega Consulting Co Ltd.

Many experts have welcomed the arrival of the software vendor. "Although German software firm SAP and the US company Oracle have been established in the country for years, the entry of another big name will help popularize the conception of management software and the competition will also create a bigger market and better services," said Li Baoshan, a local software expert.

Introduction of PeopleSoft

PeopleSoft has a history of innovating at technology shifts and bringing the benefits to our customers' desktops. It started in the mid-1980s when company founders Dave Duffield and Ken Morris built our first human resources application on a client-server platform instead of the traditional mainframe, adding needed flexibility and putting more power into the hands of users.

And it's happening again right now, as the generational shift from client-server to internet architecture brings organizations the opportunity to enhance their interactions with their customers, suppliers, and employees dramatically. >>details

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