Founded in 1987 by David Duffield and Ken Morris, PeopleSoft was originally headquartered in Walnut Creek, California before moving to Pleasanton, California. PeopleSoft was formed when Duffield envisioned a "Client-Server" version of Integral Systems popular mainframe HRMS package. Once Integral declined development, Duffield was released to pursue this endeavor on his own, and PeopleSoft was born . PeopleSoft version 1,released in the late 1980s, was the first fully-integrated, robust client-server HRMS application suite. PeopleSoft expanded its product range to include a Financials Module in 1992-3, Distribution in 1994-5, and Manufacturing in 1996 (via the Red Pepper Acquisition) <br><br>In 2003, when the company acquired J.D. Edwards, it decided to differentiate its former product line with those of Edwards by renaming both products. In January 2005, PeopleSoft was acquired by Oracle Corporation. PeopleSoft products continue to be used.