Siebel Acquires Edocs for $115 Mil.

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

BOSTON Siebel Systems, a customer relationship management software company, said it has agreed to purchase Edocs, a provider of online billing and customer self-service software.

Siebel said it would initially pay $115 million in cash to Edocs shareholders as part of the agreement.

Additional payments, based on achieving revenue and other performance goals, may be paid in 2006, the company said.

The acquisition will help Siebel forge a greater presence in the online billing and customer self-service products markets.

The







AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in