Integration of operations of Oracle and PeopleSoft in India will be completed by the end of June this year.
"Full integration of operations of Oracle and PeopleSoft will be done by June end," Derek Williams, Oracle's Executive Vice-president for Asia-Pacific, said in a conference call.
Oracle had acquired PeopleSoft late last year and both companies have significant operations in India.
"All the operations of the two companies in India will be integrated by June end," a company spokesperson said.
So far, the merger of six of the 26 offices of both companies in Asia-Pacific has been completed.
After the merger, Oracle retained more than 75 per cent of the sales, marketing, consulting and back office staff of PeopleSoft in Asia-Pacific.
On the support and development side, the company has retained 90 per cent of the staff.
Going forward, Oracle sees India, China and Australia as key growth markets in Asia-Pacific.
"India is an important market for us and we continue to invest heavily in it. Development centres in India are churning out as many patents as the ones in the US," he said.
For growth, the company plans to focus on quality and execution and concentrate on financial sector, manufacturing, government, education, media, telecom and retail.
The focus for Oracle worldwide is business application software market where it wants to get the better of SAP.
Through acquisition of PeopleSoft and Retek it is building scale and solutions to take on the German giant.
Williams said Oracle has done well against SAP in India and made good progress.
"We are pleased with our strategy in India in application space," he said.
Source : PTI Compiled by : Abijith I P
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