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 To keep up with the latest news subscribe to our free e-mail newsletter DM News Daily by visiting


Next Article in Data/Analytics

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

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

Relive the 2017 Marketing Hall of Femme

Click the image above