Momentum Business Applications Inc.

As of 2002, Momentum Business Applications, Inc. was acquired by Peoplesoft Inc. Momentum Business Applications, Inc. develops e-business products, analytic applications, and industry-specific application products. It commercializes such products, most likely through licensing to PeopleSoft, Inc. The company was established by PeopleSoft. At the end of Fiscal 2001, it was collaborating with PeopleSoft on a total of 23 different product development projects. Five of these projects were completed during Fiscal 2001, and PeopleSoft exercised their option to license the products developed pursuant to these projects. Remaining eighteen ongoing projects include a suite of analytic applications which encompass several individual software modules and workbenches, certain industry-specific applications targeted primarily at services industries including professional services, staffing, and engineering, a suite of CRM products, and a number of e-business applications that will be integrated with PeopleSoft's ERP backbone.