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Short Take: PeopleSoft completes merger with Vantive

PeopleSoft said it has completed its $433 million merger with Vantive, a developer of customer relationship management (CRM) software. The deal was completed on Dec. 31, 1999, with the issuance of approximately 28 million shares of common stock and options to purchase common stock. Pleasanton, Calif.-based PeopleSoft said Vantive's software was integrated with its business management software earlier this year, allowing real-time communication of customer information between Vantive and PeopleSoft applications.

PeopleSoft said it has completed its $433 million merger with Vantive, a developer of customer relationship management (CRM) software. The deal was completed on Dec. 31, 1999, with the issuance of approximately 28 million shares of common stock and options to purchase common stock. Pleasanton, Calif.-based PeopleSoft said Vantive's software was integrated with its business management software earlier this year, allowing real-time communication of customer information between Vantive and PeopleSoft applications.