Technology giant Oracle has outlined its future operating plans following its acquisition of PeopleSoft, a major provider of HR software.
Oracle's £5.5bn takeover of PeopleSoft, which was completed last week after 18 months of legal wrangling, will have an impact on hundreds of organisations across the UK.
High-profile customers which use PeopleSoft software to run HR and other back-office operations include high-street bank Abbey, supermarket chain Tesco, electrical retailer Dixons, and car manufacturer Nissan.
Oracle has been quick to quash rumours that it will stop the development of PeopleSoft products, forcing HR departments to buy Oracle software instead.
At a conference in California, Oracle affirmed its commitment to continue to support PeopleSoft product lines until 2013 and release PeopleSoft Enterprise 9.0.
Oracle senior vice-president of applications development John Wookey, said the company had retained 90 per cent of PeopleSoft's development and support team, to ensure "continuity for innovative product enhancements and around-the-clock support for PeopleSoft Enterprise".