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Technology Stocks : PSFT - 1999: The "Make-It-or-Break-It" Year?
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To: SemiBull who wrote (1151)6/18/2002 7:03:13 PM
From: SemiBull  Read Replies (1) of 1274
 
PeopleSoft Certifies Firstlogic Data Quality Solutions

PeopleSoft and Firstlogic Offer First Integrated Data Quality Products for Data Warehousing

PLEASANTON, Calif.--(BUSINESS WIRE)--June 18, 2002--PeopleSoft Inc. (Nasdaq:PSFT - News) today announced it has certified the integration between Firstlogic's information quality solutions and PeopleSoft's Enterprise Warehouse. By standardizing and automating the data cleansing process, the combined solution will enable PeopleSoft Enterprise Warehouse customers to improve the consistency and accuracy of enterprise data for more effective decision-making.

"Through 2005, more than 50 percent of data warehouse efforts that integrate data from multiple systems will fail as a result of lack of attention to data quality issues," according to Ted Friedman, senior research analyst at Gartner. "Poor quality of data is a primary reason that most large enterprises do not get the return on investment they are seeking from their business intelligence strategies."

PeopleSoft's industry-leading Enterprise Warehouse solution combined with Firstlogic's IQ Insight(TM) and Information Quality Link provides joint customers with a complete and standardized view of their enterprise data. The integrated products enable data warehouse administrators to monitor information quality, continually measure and track results, and decrease cost and time spent correcting data-related problems. By automating the data cleansing function, organizations can continuously improve the consistency and accuracy of their data.

"PeopleSoft understands that the true potential of real-time enterprise analytics lies in the quality of a company's business information," said Eric Lieberman, president of Firstlogic. "The combination of PeopleSoft's Enterprise Warehouse and Firstlogic's data quality tools uniquely positions us to deliver a breakthrough solution to our joint customers."

"PeopleSoft is the first enterprise software vendor to address the industry's need for improved data quality for analytics," said Peter Gassner, vice president and general manager of PeopleSoft's Technology division. "PeopleSoft and Firstlogic have raised the bar by offering a new level of data accuracy to our customers, enabling them to make more informed and strategic business decisions."

PeopleSoft's industry-leading Enterprise Warehouse provides organizations with a single source for their consolidated business data, enabling real-time access to business intelligence anytime, anywhere. The Enterprise Warehouse delivers analytics that seamlessly integrate with third-party business applications, portal solutions or business intelligence tools, enabling decision making at all levels of an organization.

About PeopleSoft Inc.

PeopleSoft (Nasdaq:PSFT - News) is the world's leading provider of business enterprise software. PeopleSoft pure Internet software enables organizations to reduce costs and increase productivity through real-time collaboration with their customers, suppliers, and employees. PeopleSoft's integrated, best-of-breed applications include Customer Relationship Management, Supply Chain Management, Human Resource Management, Financial Management, and Application Infrastructure. More than 4,700 organizations in 140 countries run on PeopleSoft software. For more information, visit us at www.peoplesoft.com.

Note to Editors: PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners.

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Contact:

PeopleSoft Inc.
Megan Clark, 925/694-5539
megan_clark@peoplesoft.com
or
Porter Novelli
Julie Malchow, 415/975-2206
julie.malchow@pnicg.com
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