New York (June 5, 2003) -- In another shakeup among the original enterprise resource planning software vendors that a few years ago were expected to massively expand into the middle market from their base of large corporate customers, Dutch-based Baan has been sold to an investment group that reportedly plans to merge it into another software company.
The deal was announced just two days after PeopleSoft acquired rival ERP vendor J.D. Edwards. Baan, PeopleSoft and fellow ERP vendors Oracle and SAP AG generated attention in the middle-market business accounting software industry in the late 1990s because of their anticipated marketing expansion to companies of under $500 million in annual revenue; accounting software vendors and analysts at the time began disparagingly referring to them as “the BOPS" for Baan, Oracle, PeopleSoft and SAP.
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