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Oracle to Buy Siebel

CNet News (and others) are reporting that Oracle has offered to purchase Siebel for $5.8 Billion.

Oracle executives said the mega-deal is intended as a "major beachhead" against archrival SAP, which is the world's largest business-applications seller.
Oracle plans to continue product support for Siebel's CRM technology for a number of years and use the company as a "centerpiece" in those efforts.
"Siebel will be the centerpiece of our CRM strategy going forward," Ellison said. "We will continue to sell PeopleSoft CRM, Oracle CRM, but Siebel will be the centerpiece."


Siebel has been struggling financially in recent years, as it has become clear that customers are switching to companies that can offer a soup-to-nuts integrated suite, rather than a specialized application, said Tom Siebel, founder and chairman of Siebel and a former Oracle executive under Ellison.

  Posted by Shawn Rogers on September 12, 2005 10:21 AM |

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