Database and business applications software developer Oracle Corp. announced Monday that it will acquire Siebel Systems Inc. for $10.66 per share, or about $5.85 billion.
Siebel develops CRM (customer relationship management) software. The company has about 4,000 application customers and 3.4 million CRM users, according to a statement released Monday by Oracle, of Redwood Shores, Calif.
http://www.eweek.com/article2/0,1895,1857881,00.asp
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