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Contact Information: Tanya Klein Public Relations 973-596-3433

NJIT School of Management Receives PeopleSoft Gift Valued At $4.8 Million

 Thanks to a $4.8 million gift to the School of Management (SOM) at New Jersey Institute of Technology (NJIT), students and faculty will be able to tap the power of leading-edge enterprise-management software from PeopleSoft, the software giant.

NJIT is among 23 U.S. universities selected to partner with PeopleSoft in using the company’s enterprise resource planning (ERP) tools for education and research. The software suite supports a comprehensive range of organizational functions, including finance and accounting, manufacturing, customer relationship management, supply chain management, strategic management and human resources management.

“PeopleSoft believes that these kinds of initiatives are an important form of collaboration with the academic community and our customers in higher education,” said Mark Conway, director of academic programs for the California-based company.

PeopleSoft’s application software for the Internet enables organizations to directly connect customers, suppliers, partners and employees to business processes on-line, in real time. Today more than 5,200 organizations in 140 countries run on PeopleSoft software. More information about the company can be found at www.peoplesoft.com.

“We are delighted to receive this gift,” said Mark Somers, Ph.D., dean of SOM. “The opportunity to integrate this software into our courses insures that our graduates will receive experience managing business processes in real-time.”

”These powerful applications will help us prepare a new generation of technology-savvy business leaders with the skills to manage business processes in real time. As technology continues to transform markets, customers, organizations and employees, new tools and new ways of thinking are needed to complete in an emerging digital economy.”

Somers notes that PeopleSoft’s gift challenges his school to use the software as effectively as possible. “Our plan is to integrate ERP tools into our entire curriculum to ensure that students learn how business processes are interrelated and come to understand how to manage the digitally enabled firm. Business schools that are ahead of the curve in integrating these transformational technologies into their curricula will be the ones that make the difference in management education and management practice.”

SOM at NJIT focuses on the relationship between technology and business. Its bachelor’s, master’s and MBA programs are designed to prepare a new generation of technology savvy business leaders for the technology-enabled organizations that have emerged during the last decade.

NJIT, New Jersey's science and technology university, enrolls approximately 10,000 students pursuing bachelor's, master's and doctoral degrees in 120 programs. The university consists of six colleges: Newark College of Engineering, College of Architecture and Design, College of Science and Liberal Arts, School of Management, College of Computing Sciences and Albert Dorman Honors College. U.S. News & World Report's 2012 Annual Guide to America's Best Colleges ranked NJIT in the top tier of national research universities. NJIT is internationally recognized for being at the edge in knowledge in architecture, applied mathematics, wireless communications and networking, solar physics, advanced engineered particulate materials, nanotechnology, neural engineering and e-learning. Many courses and certificate programs, as well as graduate degrees, are available online through the Division of Continuing Professional Education.