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The Vantive Corporation Announces Stockholder Approval for Merger With PeopleSoft.

Business Editors/High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 29, 1999

The Vantive Corporation (Nasdaq:VNTV) 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 suite that leverages the Internet 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 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.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Dec 29, 1999
Words:277
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