Peoplesoft Inc - Expansion Begins

EXPANSION BEGINS

International expansion first occurred in 1990 when an office was established in Canada. Three years later, the firm had established operations on five continents and opened offices in Africa, Asia, Central America, Europe, South America, and the Pacific Rim. PeopleSoft's products and services continued to find new markets. In 1992, its fifth year of operation, the company went public. Shares were offered for $4.25 each. Additionally, the firm introduced People-Soft Financials (accounts payable, accounts receivable, asset management) which would become a strong seller. In 1993, PeopleSoft announced its plans to release two new applications: PeopleSoft Distribution, for materials management (purchasing, inventory management, billing, and processing orders); and PeopleSoft Student Information System, which was targeted at schools for managing information about students.