Published: 25 April 2000
Analyst(s): Peggy Menconi
It wasn't enough for Siebel Systems to report record earnings last week. The company also debuted Siebel eBusiness 2000 and disclosed that it will acquire OpenSite, Inc. in a stock deal valued at $444M. The company touted plans to sell to the public sector in "a big way," and admitted it didn't find much ASP business outside the Pharmaceutical vertical market. Siebel made hay in 1Q00, posting revenue of $309.4M, up a remarkable 119% from the same quarter last year, while competitors Vantive and Clarify worked to find their way in new companies. With Oracle's CRM 11i still a big maybe, SAP's CRM products a disappointment, and market newcomers Kana/Silknet and E.piphany/Octane posting comparatively tiny revenue figures, Siebel drew further ahead of the pack, where it will stay for the foreseeable future.
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