Siebel acquires UpShot, Motiva

FRAMINGHAM (10/17/2003) - CRM market leader Siebel Systems Inc. announced two acquisitions this week aimed at rounding out its product portfolio. The company is acquiring hosted CRM services company UpShot Corp. in a deal valued between US$50 million and $70 million. Siebel has been paying a lot of attention to the hosted CRM market lately - earlier this month it joined forces with IBM to announce Siebel CRM OnDemand, Siebel's first hosted CRM service since the demise of its spinoff in 2001. Siebel also said it has acquired incentive management software maker Motiva Inc. for an undisclosed sum. Siebel plans to use Motiva's technology to enhance its own compensation- and commission-tracking product.

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