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:
close

Next Article in Database Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Database Marketing

What's H-appending? DiscoverOrg Taps Marketo's Webhooks

What's H-appending? DiscoverOrg Taps Marketo's Webhooks

Cloud-based marketing automation behemoth Marketo joins forces with marketing intelligence company DiscoverOrg to improve its data collection capabilities.

A Toast to Marketing Attribution

A Toast to Marketing Attribution

Vino accessories and storage company Wine Enthusiast indentifies top and underperforming affiliates using algorithmic marketing attribution.

Q&A: When (and How) to Bust Down the Data Door

Q&A: When (and How) to Bust Down the ...

Some people run into issues with trying to build the perfect solution when often an 80% solution will do, says MailChimp's chief data scientist.