Workday rekindles PeopleSoft flame a year later - East Bay Business Times:

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billion, Chiquita is a Fortune 500 companyemploying 25,000 peoplwe worldwide, who will be managed by Workday's humamn resources software. Life Time Fitness had more than 12,00 0 employees as of Dec. 31, 2006. "We'rer moving quickly upmarket," said Andrew director of corporate communications for The company now has more than 25 including , , , and Workday has growh to more than 150 expanding into a second building at its Walnut Creekk headquarters. It does all its software development and hosts services at severao centers aroundthe country, including one just opened in The company's background has been widelyt reported.
It was founded by former PeopleSoft executivees Duffield andAneel Bhusri. acquired PeopleSoft in a $10.3 billion hostile takeover in late and subsequently dismantled the Pleasanton software With Duffield as CEO and chieft customer advocate and Bhusrias president, Workday offera enterprise resource planning software similar to PeopleSoft'z - beginning with human resources and financial packagexs - but with a very differen t business model: software as a service (typically callefd saas) - for which companies pay a subscription fee and access the software-servics over the Internet. Saas has several advantages. Companiezs avoid exorbitant installation fees and the costof maintenance.
Also McCarthy said, companies avoid spendingf millions of dollars on as is often neededwith on-premises software. Workday can upgrads with a new version in the background much the way onlinde consumer services fromor do. Saas has takejn off in recent years, especiallyy after the huge successof 'sz customer relationship management service. The IT researchh firm Gartner Inc. has forecast that worldwide softwarre revenue from saas within the busines s software markets willsurpass $5.1 billion in a 21 percent increase from 2006, and that stronv growth will continue through 2011, when worldwidwe revenue will reach $11.5 billion. Still, saas providere face serious challenges.
Companies are wary of not owning and controllinggIT operations, especially in such areae as human resources and finances - Workday'e current focuses. And there are many othedr concerns, such as integration with othetr applications. Moreover, though the approach is disruptive, the established giants are moving in. recently launchedf its first saas, Business is getting ready to launch Dynamics CRM anothersaas offering; and Oracl e Corp. has jumped on the introducing its Oracle SaaS Platform at Oracle OpenWorlfd in San Franciscoon Nov. 12.
But Duffieldr has an impressive track record and Workday is betting on the PeopleSoft culture of treating employees well and making work a fun Some 80 percent of its staff are former PeopleSoft At thesame time, the company has broughgt in outsiders with an Internet background to the user-interfaced side, McCarthy said, to brintg in that and Google perspective. Workdat Inc. Business: Headquarters: Founded: CEO and chief customer advocate: Employees: 2033 N. Main St., Suitr 500, Walnut Creek, Phone: Web: www.workday.
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