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PeopleSoft buys Calico assets

PeopleSoft has completed its acquisition of some of Calico Commerce's assets, including its intellectual property and customer base, the enterprise software maker said Monday. As part of the acquisition, PeopleSoft hired about 40 Calico employees. PeopleSoft plans to integrate Calico's product configuration technology with its consumer relationship management software and other applications. PeopleSoft agreed to purchase Calico's assets in December. As part of the agreement, Calico filed for Ch. 11 bankruptcy. PeopleSoft paid about $5 million in cash for Calico's assets and completed the transaction earlier this month, according to Calico.

PeopleSoft has completed its acquisition of some of Calico Commerce's assets, including its intellectual property and customer base, the enterprise software maker said Monday. As part of the acquisition, PeopleSoft hired about 40 Calico employees. PeopleSoft plans to integrate Calico's product configuration technology with its consumer relationship management software and other applications.

PeopleSoft agreed to purchase Calico's assets in December. As part of the agreement, Calico filed for Ch. 11 bankruptcy. PeopleSoft paid about $5 million in cash for Calico's assets and completed the transaction earlier this month, according to Calico.