Oracle Buys Siebel for $5.8 Billion(Comments RSS)
Oracle Corporation, In another major acquisition of a rival software maker on Monday September 12th, said it will buy up Siebel Systems in a deal valued at over $5.8 billion. Siebel, a maker of customer resource management (CRM) software, will provide Oracle with 4,000 new customers and 3.4 million CRM users.
Oracle CEO Larry Ellison said the deal was intended to give Oracle an entire ecosystem of enterprise application software, and was pushed by companies such as General Electric who only wanted to deal with a single vendor.
Didn't Oracle just buy PeopleSoft? How many billions in acquisitions has Ellison done this year? I mean, just those two buy-outs were worth $16 Billion! I obviously should have invented a database company a long time ago!
Via: [Betanews]
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