The PeopleSoft co-founder David Duffield and former vice chairman Aneel Bhusri introduced a new generation of on-demand solutions called Workday Human Capital Management this month (Click here). This is a web-based software for human resources management, created by their new company, i.e. Workday.com founded in March 2005.

There are anticipations on the web that Workday would be marked as the software return of the above listed PeopleSoft co-founder and former executives. I am not surprise of Workday that launched the human resources or financial applications. That fields are their strengths. Moreover, they have the experiences of running PeopleSoft from early stage and expanded it to multi-national. Since PeopleSoft is now owned by Oracle, is this Workday going to be PeopleSoft 2.0? I also see Workday’s increasing marketing strength, particularly in the products that offered. Workday run their products on a business model that called multi-tenant software service, similarly to Salesforce.com. They now have a better understanding of the market, their products are more towards web-based, thus this is certainly more end-users oriented.

However, I’m doubtful of the long-term successful of Workday. In this convergence of technology trends today, with a good business model and new product technology is not enough. In software industry, big is always beautiful, Workday as a new start-up, how it is going to sustain in the software industry and fend off the takeover of competitors will still remain as a question?