Siebel's Plans For UpShot - 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
11/4/2003
05:03 PM
50%
50%

Siebel's Plans For UpShot

The acquisition is officially done. Siebel is integrating UpShot into the OnDemand business it launched in October.

Siebel Systems Inc. has completed its acquisition of UpShot Corp., a hosted CRM service firm, setting the stage for Siebel to accelerate its recently launched CRM OnDemand.

Siebel paid $50 million in cash for UpShot and will pay up to $20 million more over the next two years in earn-outs based on the performance of the business.

Siebel is adding 100 UpShot employees and gaining its 1,000 customers. It's integrating the UpShot business into the OnDemand business it launched in October. That hosted CRM business is being managed and marketed jointly with IBM.

Competitors Salesforce.com Inc. and Salesnet have announced programs in the past few weeks to lure away UpShot customers.

Mark Sunday, a Siebel senior VP in charge of the OnDemand program, says the company will support UpShot products indefinitely, although the two lines will ultimately converge.

Siebel OnDemand UpShot Edition is available now, the company says, and Siebel CRM OnDemand will be available in the fourth quarter.

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
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
Commentary
If DevOps Is So Awesome, Why Is Your Initiative Failing?
Guest Commentary, Guest Commentary,  12/2/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
Slideshows
Flash Poll