Oracle and Siebel Held Acquisition Talks, Reports Say

Posted in: Technical Track

The talks are no longer active, but sources say that Oracle was recently meeting with Siebel Systems about a possible buyout.

Siebel has been under a lot of pressure due to last month’s disappointing earnings report and anxious investors. George Shaheen, Siebel’s new CEO, will be presenting his plan for the company’s turnaround soon, most likely focusing on the sales process. Neither Siebel nor Oracle representatives could be reached for comment regarding the discussions between the two companies.

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About the Author

As Pythian’s Chief Executive Officer, Paul leads this center of excellence for expert, outsourced technical services for companies whose systems are directly tied to revenue growth and business success. His passion and foresight for using data and technology to drive business success has helped Pythian become a high-growth global company with over 400 employees and offices in North America, Europe, and Asia. Paul, who started his career as a data scientist, founded Pythian when he was 25 years old. In addition to driving the business, Paul is a vocal proponent of diversity in the workplace, human rights, and economic empowerment. He supports his commitment through Pythian’s hiring and retention practices, his role as board member for the Basic Income Canada Network, and as a supporter of women in technology.

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