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Acquisition of the Week

Larry strikes again. Oracle today acquired Siebel for $5.85b, ending the CRM pioneer's (and many customers') pain.
The acquisition is somewhat of a family reunion, bringing back Larry Ellison's protege Tom Siebel back to the fold. Siebel left Oracle 16 years ago after Larry dismissed Siebel's idea for software to manage business contacts a Bad Idea. Today's acquisition fills the CRM hole in Oracle's portfolio with software that has steadily become synonymous with CEO and Chairman Marc Benioff said in comments to his organization:

Oracle put Siebel investors out of their misery today. We have been doing that for Siebel customers for years.

He's got a sense of humor, I like that. This is a great quote. Whoever is writing this stuff deserves a raise!

Our announcement today at Dreamforce will accelerate that. It's the end of software.

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