Red Pepper Software was a manufacturing software company
that People initially licensed key manufacturing software
components from and then subsequently acquired.
On September 4, 1996, Peoplesoft Inc. agreed to acquire Red
Pepper Software Inc., a maker of software for the oversight
of manufacturing operations, for 2.975 million shares, or
about $225 million.
The shares of PeopleSoft, a developer of client-server
software for business, fell 50 cents, to $75.75, in Nasdaq
trading. In June 1995, Peoplesoft entered a technology
licensing and distribution agreement with Red Pepper, and
earlier in 1996, PeopleSoft offered a new line of software
that uses Red Pepper technology.
