PLEASANTON, Calif.--(BUSINESS WIRE)--July 28, 2003--PeopleSoft Inc. (Nasdaq:PSFT - News) (Company
Profile, Past
Stories, Case
Studies) today announced that The Guardian Life Insurance Company of America selected PeopleSoft Financial Management in the second quarter of 2003.
Guardian will deploy PeopleSoft General Ledger, Accounts Payable and Asset Management to strengthen its financial and regulatory reporting and analysis capabilities.
Guardian is the fourth-largest mutual life insurance company in the United States, with more than $34 billion in assets. "We selected PeopleSoft over other vendors as
our enterprise software partner because of PeopleSoft's value proposition for Guardian and their leadership in the financial services industry," said Dennis Callahan,
executive vice president and chief information officer, Guardian. "The rich functionality of PeopleSoft Financial Management will enable Guardian to increase visibility
into financial operations and effectively meet complex analysis and reporting requirements."
"The Guardian win reaffirms PeopleSoft's leadership in the financial services industry," said Renee Lorton, senior vice president and general manager, PeopleSoft
Financial Management. "More than 600 customers worldwide are using PeopleSoft solutions to address industry-specific challenges including regulatory compliance
and cost control."
The Guardian Life Insurance Company of America is a member of the Fortune 500. In 2002, the company was ranked as one of the top 10 most admired life and health
companies in Fortune's "America's Most Admired Companies" list. With 5,500 employees, more than 2,700 financial representatives and 100 agencies
nationwide, Guardian and its subsidiaries protect individuals, businesses and their employees with life, disability, health and dental insurance products, and offer 401(k),
mutual fund and annuity investment products, and trust services.
About PeopleSoft
PeopleSoft (Nasdaq:PSFT - News) is the world's leading provider of application software for the real-time enterprise. PeopleSoft pure internet software enables organizations
to reduce costs and increase productivity by directly connecting customers, suppliers, partners and employees to business processes on-line, in real time. PeopleSoft's
integrated, best-in-class applications include Customer Relationship Management, Supply Chain Management, Human Capital Management, Financial Management and
Application Integration. Today more than 5,200 organizations in 140 countries run on PeopleSoft software. For more information, visit us at www.peoplesoft.com.
PeopleSoft and the PeopleSoft logo are registered trademarks of PeopleSoft Inc. All other company and product names may be trademarks of their respective owners.
Copyright (C) 2003 PeopleSoft, Inc. All rights reserved.
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