Siebel Systems Set to Acquire Edocs

Share this article:
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


Share this article:
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

Teradata Puts Stock in Marketers

Teradata Puts Stock in Marketers

A new enhancement in its Demand Chain Management helps retailers max sales with the correct inventory.

We've Got Your Number

We've Got Your Number

Even the most "marketing is an art" creative types love a good data point. Here, some of the most interesting recent stats.

Teradata Wants to Help Colleges Make More Marketing Engineers

Teradata Wants to Help Colleges Make More Marketing ...

Teradata University Network puts real-world marketing tools and situations in the hands of students and teachers.