Siebel Completes UpShot Buy

Share this article:
CRM vendor Siebel Systems Inc., San Mateo, CA, said yesterday that it has closed its acquisition of UpShot Corp., a hosted CRM provider.


UpShot shareholders will be paid $50 million in cash, and up to $20 million more may be paid in earn-outs during 2003 and 2004.


The UpShot acquisition accelerates Siebel Systems' penetration of the hosted CRM market. Siebel gains more than 100 employees experienced in developing and administering hosted products and about 1,000 customers.


Siebel has committed to support UpShot customers indefinitely. For example, it is offering an UpShot edition of Siebel CRM OnDemand, a product it announced last month with IBM Corp.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

Word to the Wise: 100% Viewability

Word to the Wise: 100% Viewability

100% viewability is quite the myth.

12 Big Data Facts for Marketers in 2014

12 Big Data Facts for Marketers in 2014

The idea of Big Data is nothing new, but its potential to solve today's problems and spark innovation is unprecedented.

Harvard Prof: Marketers Need to Step Up Their Predictive Abilities

Harvard Prof: Marketers Need to Step Up Their ...

Statistics expert Edo Airoldi says data must be paired with predictive analytics before marketers can truly forecast customer behavior.