Siebel buys UpShot

SAN FRANCISCO (10/17/2003) - After re-entering the CRM ASP fray by way of partnerships with IBM Corp. and Sun Microsystems Inc. earlier this month, Siebel Systems Inc. this week bought one of the hosted CRM market's leading vendors, UpShot, in a deal that may be worth as much as US$70 million. Siebel will for the foreseeable future continue supporting and selling both its own hosted CRM software and UpShot's. Siebel also acquired incentive management software maker Motiva Inc. for an undisclosed sum.

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