Shaking Up the Market: Oracle Buys Siebel Systems

by Curt Hall

No doubt about it, you've got to hand it to Oracle CEO Larry Ellison: the most important event to take place concerning the enterprise software market since Oracle's acquisition of PeopleSoft is Oracle's new move to buy Siebel Systems for US $5.9 billion. Siebel is the CRM market leader. Thus, with this single acquisition, Oracle becomes the number-one CRM vendor.

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Shaking Up the Market: Oracle Buys Siebel Systems 20 September 2005