TomorrowNow CEO resigns; sale rumoured

CEO Nelson out in management shakeup

SAP says the CEO and other top executives of its TomorrowNow subsidiary have resigned and that it may sell the business.

TomorrowNow's CEO, Andrew Nelson, and his core team will step down as part of the management shakeup, according to SAP. Mark White, who was appointed TomorrowNow's executive chairman in July, will remain employed.

White said in a statement that the company is working to ensure that its customers see no service disruptions as a result of the resignations.

TomorrowNow is a maintenance and support provider for customers of Oracle's PeopleSoft, JD Edwards and Siebel software lines. It was acquired by SAP in 2005, thus allowing SAP to offer support to users that run both SAP and PeopleSoft/JD Edwards applications.

Nelson's departure follows Oracle's filing of a lawsuit against SAP and TomorrowNow, charging that the companies illegally hacked into Oracle's secure support website.

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Tags OracleSAPTomorrowNownelson

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