TomorrowNow
| Industry | Software |
|---|---|
| Fate | Closed by owner SAP |
| Founded | 1998 |
| Defunct | 2007 |
| Headquarters | Bryan, Texas |
Key people | Andrew Nelson, Seth Ravin |
TomorrowNow was founded in December 1998 by Andrew Nelson and Seth Ravin,[1] to provide upgrade and technical service to PeopleSoft licensees with large, complex environments. In March 2002, the company changed its business to focus on providing third-party maintenance and support service to companies licensing enterprise software.
In January 2005, TomorrowNow was purchased by SAP AG, a competitor of PeopleSoft and of Oracle Corporation, which purchased PeopleSoft in 2005. In 2008 SAP closed the company because of a lawsuit by Oracle.[2] Andrew Nelson and most senior managers had already resigned in 2007.[3]
On November 23, 2010, TomorrowNow was found liable for copyright infringement and SAP AG was ordered to pay $1.3 billion to Oracle Corp. That sum was later slashed to $272m on appeal. A further fine of $20 million was revealed on the 14th September 2011.[4]
References
- ↑ Marc Parry (February 28, 2010). "A Small Company, Promising Major Savings on Vital Software, Lures Colleges". Chronicle of Higher Education.
- ↑ http://www.tnlawsuit.com/
- ↑ Stacy Cowley (November 19, 2007). "Top Managers Quit At SAP's TomorrowNow, Sale Possible". ChannelWeb.
- ↑ Clark, Nick (14 September 2011). "SAP pays Oracle $20m for illegal downloading of software". The Independent. Retrieved 19 September 2011.
External links
- David Bank, 2004. 'Rebel' Customers May Cut Into Profits At Big Software Firms. Wall Street Journal, 30 September, page B1.
- A "Plan B" for Peoplesoft Customers CNET News.com, September, 2004
- SAP Buy Targets PeopleSoft Migration eWeek, January, 2005
- Hitting Oracle where it Hurts Forbes, September, 2005
- Support Comes From The Outside Information Week January 2006
- SAP Must Pay Oracle $1.3 Billion Over Unit’s Downloads Press release on Bloomberg