Monday, September 12, 2005

Oracle to purchase Siebel

Oracle today announced the purchase of Siebel for $5.85b USD.

A former high-flyer, Siebel had fallen on hard times over the past few years and seen its stock tumble.

The deal marks a return to the fold for Tom Siebel, the company's eponymous founder, who was once at Oracle.

With this purchase, Oracle has virtually purchased all of its US-based competition in it's forthcoming battle with SAP AG of Germany, and Microsoft.

As I blogged here, Chuck Phillips, is making his expertise known.

This is two in a row for current Siebel CEO, George Shaheen, who, from his time as CEO of Anderson Consulting, now known as Accenture, resigned to become CEO of (in)famous internet grocer, Webvan