Department of Justice Clears Siebel Systems Acquisition
November 15 2005 - 8:59PM
Business Wire
Siebel Systems, Inc. (NASDAQ:SEBL) today announced that the U.S.
Department of Justice has cleared its proposed acquisition by
Oracle Corporation (NASDAQ:ORCL) under the Hart-Scott-Rodino Act.
The transaction still requires regulatory clearance from the
European Commission and is subject to other conditions. The
companies believe they are on track to close the transaction in the
first quarter of next year. About Siebel Systems Siebel Systems is
a leading provider of software solutions and services that drive
value and loyalty in client-customer relationships, providing
best-in-class capabilities in on-premise and hosted customer
relationship management (CRM), business analytics, and customer
data integration. Siebel's new Customer Adaptive Solutions enable
organizations to model their customer-centric business processes in
order to drive the most effective customer interactions, gain
increased insight over time, and continually realign those
processes for systemic and consistent improvement. With more than
$2 billion in R&D investments, 11-plus years of customer
software experience, an extensive global ecosystem of alliance
partners, and more than 4,000 customers and 3.7 million live users,
Siebel is the proven choice in helping organizations of all types
and sizes achieve customer-driven business results. For more
information, visit www.siebel.com. For more information on Siebel
Systems solutions and services, please visit our Web site: CRM -
http://www.siebel.com/crm; OnDemand Solutions -
http://www.crmondemand.com; Industry CRM -
http://www.siebel.com/industry-crm; Call Center and Service -
http://www.siebel.com/call-center; Sales Force Automation -
http://www.siebel.com/sales-force-automation; Marketing Automation
- http://www.siebel.com/marketing-automation; Business Intelligence
- http://www.siebel.com/business-intelligence; Integration
Solutions - http://www.siebel.com/integration-solutions; CRM
Services - http://www.siebel.com/crm-services Except for the
historical information contained herein, this press release
contains forward-looking statements that involve risk or
uncertainties. Future operating results of Siebel Systems may
differ from the results discussed or forecasted in the
forward-looking statements due to factors that include, but are not
limited to, risks associated with our pending merger with Oracle
Corporation, customer relations, such as the availability of Siebel
Systems' products and services, customer implementation of products
and services, relationships with customers, third-party vendors and
systems integrators, concentration of revenues in a relatively
small number of customers, existence of errors or defects in
products, ability to successfully manage growth, significant
current and expected additional competition and the need to
continue to expand product distribution and services offerings.
Further information on potential factors that could affect the
financial results of Siebel Systems are included in Siebel Systems'
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its
other filings with the Securities and Exchange Commission, which
are available at www.sec.gov. Siebel Systems assumes no obligation
to update the information in this press release. Siebel is a
trademark of Siebel Systems, Inc. and may be registered in certain
jurisdictions. All other product and company names mentioned are
the property of their respective owners and are mentioned for
identification purposes only.
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