To me, it sounds more like the old system that WaterlooWorks replaced (JobMine). JobMine was just Oracle/PeopleSoft's PeopleTools under the hood.
Some of my friends who graduated earlier told stories about how JobMine at one point accepted resumes in HTML. Of course, this also meant that it was vulnerable to XSS attacks. The eventual fix was just to only allow PDF resumes.
I worked with a guy who was previously a big state university buyer/administrator. He said that Oracle charged around 1% of retail prices to the university.
