Siebel Systems
American software company (1993–2006) / From Wikipedia, the free encyclopedia
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Siebel Systems, Inc. (/ˈsiːbəl/) was an American software company principally engaged in the design, development, marketing, and support of customer relationship management (CRM) applications—notably Siebel CRM.
Nasdaq: SEBL (1996–2006) | |
Industry | Software and programming |
Founded | 1993; 31 years ago (1993) |
Defunct | 2006 (2006) |
Fate | Acquired by Oracle |
Successor | Oracle |
Headquarters | San Mateo, California, United States |
Key people | Thomas Siebel, CEO Patricia House, VP marketing |
Products | CRM application |
Revenue | $1.340 bln (2004) |
$0.129 bln (2004) | |
$0.111 bln (2004) | |
Number of employees | 5,036 (2005) |
The company was founded by Thomas Siebel and Patricia House in 1993. At first known mainly for its sales force automation products,[1] the company expanded into the broader CRM market.[2] By the late 1990s, Siebel Systems was the dominant CRM vendor, peaking at 45% market share in 2002.[3]
On September 12, 2005, Oracle Corporation announced it had agreed to buy Siebel Systems for $5.8 billion.[1][4] "Siebel" is now a brand name owned by Oracle Corporation.
Siebel Systems is Oracle's on-premises CRM system, and Oracle's cloud applications for CRM are Oracle Advertising and Customer Experience (CX).