C. Edward McVaney
C. Edward McVaney | |
|---|---|
| Born | December 29, 1940 Omaha, Nebraska, U.S. |
| Died | June 4, 2020 (aged 79) |
| Occupation(s) | Business leader, technology innovator |
| Known for | Co-founder and CEO of JD Edwards Corporation; founder and chairman of Nextworld |
C. Edward McVaney (December 29, 1940 – June 4, 2020) was a prominent American business leader and technology innovator. In 1977, he co-established JD Edwards Corporation, where he also held the position of CEO; the company became a major player in the enterprise resource planning industry. Beginning November 9, 2003, McVaney provided his expertise to the US Department of Defense through the Coalition Provisional Authority in Baghdad, Iraq, focusing on the Ministries of Transportation and Interior.
In June 2003, PeopleSoft agreed to acquire JD Edwards for $1.8 billion. Subsequently, Oracle initiated an unsolicited takeover attempt targeting PeopleSoft, intending to exclude JD Edwards from the deal. Despite Oracle’s efforts, PeopleSoft finalized the acquisition of JD Edwards, and by 2005 Oracle had purchased the combined entity of JD Edwards and PeopleSoft. This acquisition led to the incorporation of JD Edwards WorldSoftware and EnterpriseOne into Oracle Corporation’s suite of offerings.
McVaney founded Nextworld in 2016 and assumed the role of chairman for this Denver-based enterprise resource planning company.
Early life
McVaney was born in Omaha, Nebraska, during the World War II era while his father served as a dentist in the Army Air Corps. His father returned from Europe suffering from post-traumatic stress disorder. Raised by his mother Mary alongside his three brothers—John, Richard, and Tim—McVaney characterized his upbringing in Omaha as humble and economically restrained.
Education
He attended a Jesuit preparatory elementary school before graduating from Creighton Prep in 1959. Following high school, McVaney received a football scholarship to Iowa State Teacher's College (now University of Northern Iowa) and graduated with honors in 1964 with a Bachelor of Science degree in mechanical engineering. After losing his scholarship due to unauthorized telephone calls, he left Iowa State, briefly returned to Creighton Prep, and then enrolled at the University of Nebraska. In 1963, he married Carole.
For advanced studies, McVaney attended Rutgers University, residing with his wife in Cedar Grove, New Jersey during that time.
Career
Following his time at Rutgers, McVaney began his career as an operations research engineer at Western Electric. In 1968, Peat Marwick relocated him from New York City to Denver, Colorado. He remained with Peat Marwick until 1970 before moving to Alexander Grant (now known as Grant Thornton LLP).
In 1977, together with Dan Gregory and Jack Thompson, McVaney co-founded JD Edwards. Later in 2016, he launched Nextworld, an enterprise resource planning platform headquartered in Denver.
Family life
McVaney shared a marriage of 57 years with Carole; they met during their high school years and wed in 1963. The couple had three children and were grandparents to nine grandchildren.
Philanthropy
In May 1998, McVaney made a philanthropic gift exceeding $32 million to the University of Nebraska–Lincoln, establishing what was originally known as the JD Edwards Honors Program (currently the Jeffrey S. Raikes School). This program combines education in computer science with business management training aimed at developing future leaders in business.
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- 1940 births
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