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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 Salesforce.com.

Salesforce.com 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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