The Vantive Corporation Announces Stockholder Approval for Merger With PeopleSoft.Business Editors/High-Tech WritersSANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Dec. 29, 1999 The Vantive Vantive was a CRM company founded in the late 1990s, which was bought by PeopleSoft in 1999, which in turn was bought by Oracle in 2005. Vantive had multiple versions and verticals of their software, primarily focusing on customer care. Corporation (Nasdaq:VNTV VNTV Vantive Corporation (former stock symbol; now delisted) ) today announced that it has received stockholder approval for its pending merger with PeopleSoft, Inc. The Vantive stockholders approved the transaction at a special meeting held on December 29, 1999. Assuming certain conditions are met, Vantive anticipates that the merger will be completed on December 31, 1999 and shares of Vantive stock will cease trading at the close of market on December 30, 1999. About Vantive Vantive is a worldwide leader in customer relationship management solutions with more than 800 customers and $163 million in revenue in 1998. Vantive empowers companies to sell, support and service customers through any channel of interaction -- the Web, call center, e-mail or direct through sales and service representatives. The Vantive Enterprise is an integrated software Separate software components or applications that have been combined into one package. See integrated software package. suite that leverages the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the to increase sales, marketing, call center, field service, help desk and web service effectiveness. The Vantive Enterprise is differentiated by its rich functionality; proven mobile and web-based solutions; component-based, high-performance architecture; and time- and cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. implementations. Vantive is supported by extensive software, consulting and service partner programs that provide further technology and vertical expertise as well as integration support. Founded in 1990, Vantive is headquartered in Santa Clara, Calif., and distributes its products in more than two dozen countries. Contact The Vantive Corporation at 800/VANTIVE or www.vantive.com. Note to Editors: Vantive is a registered trademark and the Vantive Enterprise is a trademark of The Vantive Corporation, Santa Clara, CA. All other product or company names are used for information or identification purposes only and may be trademarks of their respective owners. |
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