Article

Brief: Siebel-UpShot, a done deal

Barney Beal

Siebel Systems Inc. announced Tuesday that it has completed its acquisition of hosted provider UpShot Corp.

The San Mateo, Calif. company purchased UpShot of Mountain View, Calif., from shareholders for $50 million cash and up to $20 million in future earn outs in 2003 and 2004. The acquisition of UpShot and its 1,000 customers complements Siebel's own entrance to the hosted market.

Siebel CRM OnDemand will be available later this quarter, and officials have pledged to merge it with UpShot's application by next year. Siebel will continue to support UpShot products indefinitely, according to company executives.

    Requires Free Membership to View


There are Comments. Add yours.

 
TIP: Want to include a code block in your comment? Use <pre> or <code> tags around the desired text. Ex: <code>insert code</code>

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
Sort by: OldestNewest

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to: