Siebel Systems Set to Acquire Edocs

Share this content:
Business applications software provider Siebel Systems Inc. said Friday that it signed a definitive agreement to acquire edocs Inc., Natick, MA, a provider of e-billing and customer self-service software solutions.


The acquisition is expected to expand Siebel's product and service offerings in the estimated $3 billion market.


Siebel Systems, San Mateo, CA, initially will pay $115 million in cash to edocs shareholders. Further payments based on achieving revenue and other contractual milestones may be made in 2006.


The companies' boards of directors approved the acquisition, which is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close early in first-quarter 2005.


Melissa Campanelli covers CRM and database marketing for DM News.com. To keep up with the latest news subscribe to our free e-mail newsletter DM News Daily by visiting http://www.dmnews.com/cgi-bin/newslettersub.cgi


close

Next Article in Data/Analytics

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here