Siebel Systems

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Siebel CRM Systems
Industry Software & Programming
Successor Oracle
Founded 1993
Defunct 2006
Headquarters San Mateo, California, USA
Key people
 Thomas Siebel, CEO
Patricia House, VP marketing
Products CRM application
Revenue Decrease$1.340 bln (2004)
Increase$0.129 bln (2004)
Increase$0.111 bln (2004)
Number of employees
 5,036 (2005)
Slogan Information driven

Siebel CRM Systems, Inc. was a software company principally engaged in the design, development, marketing, and support of customer relationship management (CRM) applications. The company was founded by Thomas Siebel and Patricia House in 1993. At first known mainly for its sales force automation products, the company expanded into the broader CRM market. By the late 1990s, Siebel Systems was the dominant CRM vendor, peaking at 45% market share in 2002.[1]

On September 12, 2005, Oracle Corporation announced it had agreed to buy Siebel Systems for $5.8 billion.[2][3] Siebel is now a brand name owned by Oracle Corporation.

History

Siebel Systems, Inc. began in sales force automation software, then expanded into marketing and customer service applications, including CRM. From the time it was founded in 1993, the company grew quickly. Benefiting from the explosive growth of the CRM market in the late 1990s, Siebel Systems was named the fastest growing company in the United States in 1999 by Fortune magazine. With the growth of electronic commerce, Siebel formed strategic alliances and made several acquisitions to provide e-business solutions for CRM and related areas. One reason for Siebel's success was its ability to form alliances; as of late 2000 the company had more than 700 alliance partners.

Competition

Principal competitors included:

Siebel Systems competed directly with Oracle and SAP. These competing software suites gradually developed HR, Financial and ERP packages that were readily integrated and thus did not require specialists to deploy,[citation needed] enabling them to steadily erode Siebel's market share.

Key dates

  • 1993: Siebel Systems, Inc. is founded by Thomas Siebel and Patricia House.
  • 1995: Siebel delivers Siebel Sales Enterprise software for sales force automation.
  • 1995: Siebel 2.0 (Release end of 1995)
  • Siebel Customer Relationship Management (CRM)
  • Siebel Sales Enterprise
  • 1996: Siebel becomes a publicly traded company.
  • 1997: Siebel 3.0 (Release Feb 1997)
  • 1998: Siebel 98
  • 1999: Siebel 99
  • 2000: Siebel 6 (also known as Siebel 2000)
  • 2000: Revenue surpasses the $1 billion mark.
  • 2001: Siebel 7.0 (Released 2001, was the first web-based version)
  • 2002: Siebel 7.5 (Released in 2002)
  • 2004: Siebel 7.7 (Released in 2004)
  • 2005: Siebel 7.8 (Released in 2005)
  • 2006: Oracle acquires Siebel Systems.
  • 2007: Oracle Siebel 8.0 (Released in 2007)
  • 2007: Oracle Business Intelligence Enterprise Edition Plus (released 2007)
  • 2007: Oracle Business Intelligence Applications (Formerly Siebel Analytics) (released 2007)
  • 2008: Oracle Siebel 8.1 (Released in 2008)
  • 2011: Oracle Siebel 8.2 (Released in 2011)
  • Oracle Sales Cloud
  • Oracle Fusion CRM
  • Oracle CRM On Demand
  • 2015: Oracle Siebel 15.0 (Released 11 May 2015)

References

  1. ↑ Rivals vie for Siebel's customer spoils
  2. ↑ Oracle Completes Acquisition Of Siebel Oracle Press Release
  3. ↑ Oracle to swallow Siebel for $5.8 billion
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