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The Guardian - UK
The Guardian - UK
Technology
Jack Schofield

Oracle buying Siebel for $5.8 billion

Talking of giant takeovers, Oracle is buying another competitor, Siebel Systems, in a deal worth about $5.8 billion. However, this is a friendly deal, unlike the fight Oracle had when it swallowed PeopleSoft. According to Oracle's press release:



"In a single step, Oracle becomes the number one CRM applications company in the world," said CEO Larry Ellison. "Siebel's 4,000 applications customers and 3,400,000 CRM users strengthen our number one position in applications in North America and move us closer to the number one position in applications globally."



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