MOMENTUM BUSINESS APPLICATIONS INC

MOMENTUM BUSINESS APPLICATIONS INC

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Company Overview
The company is a privately held firm engaged in developing software products. It was established in the year 2000. The registered business office of the company is located in Pleasanton, California.
The company was established by PeopleSoft, Inc. to develop e-business products, analytic applications, and industry-specific application products. Its ongoing projects include a suite of analytic applications which encompass several individual software modules and workbenches, certain industry-specific applications targeted primarily at services industries including professional services, staffing, and engineering, a suite of CRM products, and a number of e-business applications that will be integrated with PeopleSoft’s ERP backbone.
The company operates as a wholly owned subsidiary of Oracle Corporation, which specializes in developing and marketing enterprise software products – particularly database management systems.
Business Summary
Momentum Business Applications Inc. was established by PeopleSoft, Inc. (PeopleSoft) to select and develop certain e-business products, analytic applications and industry-specific application products, and to commercialize such products, most likely through licensing to PeopleSoft. As of the end of Fiscal 2001, Momentum was collaborating with PeopleSoft on a total of 23 different product development projects. Five of these projects were completed, and PeopleSoft exercised their option to license the products developed pursuant to these projects. The remaining 18 ongoing projects include a suite of analytic applications that encompass several individual software modules and workbenches, certain industry-specific applications targeted at service industries including professional services, staffing, and engineering, a suite of CRM products, and a number of e-business applications that will be integrated with PeopleSoft’s ERP backbone. In April 2002, the Company was acquired by PeopleSoft.
Description and history
Momentum Business Applications Inc. (Momentum) was established by PeopleSoft, Inc. (PeopleSoft) to select and develop certain e-business products, analytic applications and industry-specific application products, and to commercialize such products, most likely through licensing to PeopleSoft. Momentum commenced operations on January 4, 1999. In April 2002, the Company was acquired by PeopleSoft, Inc.

As of the end of Fiscal 2001, Momentum was collaborating with PeopleSoft on a total of 23 different product development projects. Five of these projects were completed during Fiscal 2001, and PeopleSoft exercised its option to license the products developed pursuant to these projects. The remaining 18 ongoing projects include a suite of analytic applications that encompass several individual software modules and workbenches, certain industry-specific applications targeted primarily at services industries including professional services, staffing and engineering, a suite of CRM products, and a number of e-business applications that will be integrated with PeopleSoft’s ERP backbone. Momentum expects to approve and commence development efforts on a few additional projects within the first four months of Fiscal 2002.

e-business Products

Momentum and PeopleSoft are currently committed to several projects in the e-business arena including a suite of portals oriented around employees, suppliers or customers, and applications for procurement, electronic storefronts, employee benefits, travel and expense and customer service. These e-business applications take full advantage of PeopleSoft’s Internet Architecture, and combine traditional back office and front office functions in a collaborative environment with a heavy emphasis on self service transaction management. For example, the eStore development project is focused around a new application for enabling business to business and business to consumer e-commerce. This application allows organizations to deploy internet sites to sell goods and services, and integrates sales, customer self-service, product marketing, order fulfillment and closed loop analytics with PeopleSoft’s supply chain management solutions. In addition, Momentum and PeopleSoft are collaborating on a significant e-business project to develop a suite of HR eApplications and a suite of Supply Chain Management eApplications.

Analytic Application Products

PeopleSoft’s OLTP products have traditionally focused on helping companies improve the efficiency of business processes. In contrast, analytic application products are focused on turning stored data (created primarily by OLTP applications) into business intelligence that can be used by companies to improve operating effectiveness. In early 1999, Momentum began collaboration with PeopleSoft on the Enterprise Performance Management Project, which originally contemplated the development of nine analytic application products and a suite of workbench products along with an associated data warehouse capability. Due to the initial positive market reception PeopleSoft experienced with these analytic applications, the EPM project was extended and expanded to incorporate two additional modules and several workbenches. All of these analytic application products are intended to enable rapid analysis and decision making while lowering the risk of inconsistent data within an organization. Three analytic applications that form a part of PeopleSoft’s Enterprise Performance Management (EPM) suite were released during Fiscal 2001, in addition to the five EPM applications released during Fiscal 2000.

Industry-Specific Application Products

Momentum has and is developing a series of products to address the software application needs of certain industries. The target markets include consumer products, professional services, higher education, and state and local governments. The Momentum Products are being designed to provide information processing capabilities for business functions critical to each specific industry. Such industry-specific application products typically support the core operating areas of a company. Projects include Resource Management, Staffing, Professional Services Automation and Revenue Contracts for the Services industries. Other projects include Trade Promotions, Budgeting and Financial Planning for State and Local Governments. During the year, Momentum completed the development of Deductions Management for the Consumer Products Industry, and Grants Administration for the Education and Government sectors.

PeopleSoft, SAP, Oracle and J.D. Edwards are the major providers of enterprise-wide software. In the CRM market, Siebel Systems is the major provider of enterprise-wide software. In the analytic applications space, Momentum faces competition from a host of companies including Hyperion Software, E.Piphany and others.

Business Line
Developing software products
Subsidiary

Advisor
ERNST & YOUNG LLP
IPO date

US SIC Code
7372
Company Address
Suite 410
4301, Hacienda Drive
City province or state postal code
94588, PLEASANTON, CA
Phone: +1 925 469 6621
Fax: +1 925 469 6651
Country address: UNITED STATES OF AMERICA
Website url: www.mmtm.com