California State University System Licenses PeopleSoft Enterprise Applications.PLEASANTON, Calif.--(BUSINESS WIRE)--Oct. 20, 1998-- PeopleSoft Captures Larger Share of Higher Education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. Market with 32 New License Agreements in Third Quarter PeopleSoft, a leading provider of enterprise application software, today announced that the California State University system California State University System, coordinating agency established in 1960 by the merger of individual California state colleges, now consisting of 23 campuses. (CSU See DSU/CSU. 1. CSU - California State University. 2. CSU - Cleveland State University. 3. CSU - Channel Service Unit. ), which includes about 350,000 students on 23 campuses, has licensed PeopleSoft Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. Management for Education and Government, Financial Management for Education and Government and Student Administration as well as two soon-to-be-released new applications for higher education, PeopleSoft Advancement and Grants. The CSU agreement represents one of 32 new higher education license agreements for PeopleSoft in the third quarter. Other institutions that have licensed PeopleSoft applications include Los Rios Community College District The Los Rios Community College District is a special district providing administrative services and governance for the community colleges serving the greater Sacramento area and points east all the way to Lake Tahoe (map). , Benedictine University, and Maryland Institute and College of Art (MICA). To date, 345 colleges and universities have licensed PeopleSoft applications. PeopleSoft's enterprise solution provides colleges and universities with comprehensive software that simplifies administrative processes for students, faculty, and staff. The new administrative system will allow the CSU to convert its 23 campuses on one system in order to reduce the significant cost of maintaining and integrating varied homegrown and commercial systems across the campuses. PeopleSoft's enterprise solution will provide CSU with a common system that can be implemented and maintained, while still allowing for individual business practices. "The CSU was seeking a system that would help to increase our productivity and improve our services for students, faculty and staff," said Richard West, senior vice chancellor of business and finance. "When our campuses can work together like this, we can maximize our buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. . These are the kind of relationships we will be seeing more and more in higher education and at the CSU." About PeopleSoft PeopleSoft (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PSFT PSFT PeopleSoft (stock symbol) PSFT Progressive Saturation Fourier Transform PSFT Prosoft-Technology, Inc ) is a global supplier of enterprise application software for business, education and government. PeopleSoft solutions for manufacturing, supply chain, financial, project and human resource management are used by more than 2,700 customers worldwide. Headquartered in Pleasanton, California, PeopleSoft employs 6,500 people and had 1997 revenues of $815 million. PeopleSoft is on the World Wide Web at www.peoplesoft.com. Note to Editors: PeopleSoft, the PeopleSoft logo, PeopleTools, PS/nVision, PeopleCode, PeopleBooks and Red Pepper are registered trademarks, PeopleTalk, and "We work in your world." are trademarks of PeopleSoft, Inc. All other company and product names may be trademarks of their respective owners. |
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