Siebel CRM-Hosting App May Debut Soon - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications
News
8/26/2003
02:45 PM
50%
50%

Siebel CRM-Hosting App May Debut Soon

Vendor also announces new corporate government initiatives as it settles a lawsuit brought by the Teachers' Retirement System of Louisiana.

An analyst for JMP Securities yesterday said a long-rumored hosted customer-relationship-management offering from Siebel Systems Inc. should be launched by the end of the year.

In a note published Monday, analyst Patrick Walravens says the offering will be called Siebel OnDemand, and will be headed up by Ken Rudin, VP and general manager of Siebel's sales product line. Rudin was formerly a senior VP of products at Salesforce.com, a vendor of hosted CRM solutions.

Walravens writes that the introduction of OnDemand "is a response to Salesforce.com and pricing pressures Salesforce.com is reportedly doing $19 million in annual revenue a quarter using a subscription model (and) OnDemand and Siebel CRM products will provide lower price point offerings for Siebel customers and prospects," he wrote.

Walravens also wrote that he expects Siebel to repackage its midmarket product line as Siebel CRM, and continue to address the high-end market with Siebel Enterprise, its traditional application. Siebel didn't respond to information requests as of this writing.

Separately, Siebel announced new corporate governance initiatives, including creating and disclosing more specific criteria for the selection of future directors; ensuring that the compensation committee of the board of directors is comprised solely of independent directors; limiting the compensation of directors to a pre-set level that has been disclosed in advance to shareholders; providing advance disclosure of the date on which directors will receive stock options; and providing shareholders with more specific criteria used by the compensation committee in determining compensation awards to executives, directors, and employees.

The initiatives were announced as the vendor settled a lawsuit brought by the Teachers' Retirement System of Louisiana. "We're enormously pleased that Siebel Systems and its board understand the paramount importance of corporate governance as a means of protecting shareholder interests," said Tommy Reeves, general counsel of the Teachers' Retirement System of Louisiana, in a statement. "The new governance protocols represent changes that we believe should serve as a model for other companies."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
How CIO Roles Will Change: The Future of Work
Jessica Davis, Senior Editor, Enterprise Apps,  7/1/2021
Commentary
A Strategy to Aid Underserved Communities and Fill Tech Jobs
Joao-Pierre S. Ruth, Senior Writer,  7/9/2021
Slideshows
10 Ways AI and ML Are Evolving
Lisa Morgan, Freelance Writer,  6/28/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Slideshows
Flash Poll