Oracle Buys Siebel
BBC News: Oracle is buying US rival Siebel Systems in a deal worth $5.85bn (£3.2bn) in cash and stock.
"In a single step, Oracle becomes the number one CRM [customer relationship management] applications company in the world," said Oracle chief executive Larry Ellison.
When I used to work for Oracle, I remember Peoplesoft, Siebel, IBM and Sap were the companies to watch out for; now that Oracle has bought out 2 of their big rivals, it'll be interesting to watch how the market place shapes out.
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