David A. Duffield, Founder of PeopleSoft, Shifting Business Strategy for WorkDay Inc. on Monday
Amit Chowdhry | Saturday November 4, 2006 | 698 views
On Friday November 3, 2006, The Wall Street Journal stated that David A. Duffield, the founder of PeopleSoft Inc., a company that was acquired by Oracle Corporation in 2004, will “announce a new company called Workday Inc.” on Monday November 6, 2006.
What I’m confused about is that WorkDay Inc. already appears to have a website and the Wall Street Journal article also states “Workday, founded in March 2005, will initially offer services designed to help companies manage human-resources tasks.” How could they announce a new company on Monday when the company has existed since 2005?
I suppose the article just means that the company will be shifting business strategies. The products that WorkDay offers right now is ERP systems that revolve around Human Capital Management, Finance Management, Resource Management, and Revenue Management. WorkDay Inc. will “initially offer services designed to help companies manage human-resources tasks, but it plans to later branch into other areas such as finance, the company said in a Nov. 1 press release” stated the Wall Street Journal. “In the call, Mr. Duffield described the business as “a new generation of on-demand ERP.”
For those who are not familiar with ERP (electronic resource planning) systems, refer to the Wikipedia page.
Sources:
Wikipedia description of David A. Duffield
Wall Street Journal coverage
Related Posts:
Categorized under Oracle Corporation, WorkDay Inc
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