Siebel looks to midmarket to bolster revenues
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CRM software giant Siebel Systems said yesterday that it is launching a new program that will cater to small and midsize businesses in a bid to help it boost flat revenues.
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The company says its revenue is stabilizing. If so, a value stock is in the making.
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Shares of Siebel Systems Inc. rose 20.4 percent in pre-market trade on Monday after it said third-quarter revenues will exceed Wall Street estimates.
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New Siebel Systems Inc. CEO J. Michael Lawrie Monday opened Siebel User Week with a declaration that CRM is no longer about developing the best software, but is a strategy that delivers business outcomes.
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Siebel's revenue for the year ended Dec. 31 totaled $1.34 billion, a slight drop from the $1.35 billion it generated in 2003. However, the company's net income for the year rose to $110.7 million, following annual losses in 2002 and 2003.
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Siebel chief Mike Lawrie pledges better customer service, spotlights focus on a la carte software.
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Business software maker Siebel  Systems Inc. SEBL.O on Wednesday reported a quarterly profit,  after a year-earlier net loss, helped by sales of new software.
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InfoWorld - After a year of pilots and trials, Siebel Systems jumped with both feet into the SMB market Tuesday, announcing a new approach to offer Siebel Professional CRM applications to SMBs (small and midsize businesses) -- companies with revenues up to about &#36;500 million.
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Users of Siebel's CRM software offered mixed reviews on the "Chapter Two" strategy the company unveiled this week as a way to revitalize its sagging fortunes and help customers complete successful software rollouts.
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Shares of Siebel Systems Inc.SEBL.O  rose 20.4 percent in pre-market trade on Monday after it said  third-quarter revenues will exceed Wall Street estimates.
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The company may be hinting at going public.
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Siebel SystemsÂ has quietly introduced a version of its CRM (customer relationship management) sales software tailored for midmarket companies.ADVERTISEMENTSBC Datacomm White PaperFind out how Crate & Barrel expects to save $180,000 by moving to VoIP, compared to a traditional PBX.
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In many ways, Mike Lawrie seems to be just the sort of guy software maker Siebel Systems needs to lift it out of its dark days. It&#39;s true he doesn&#39;t exactly ooze charisma and intensity.
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Devices could be available to consumers next year, company says.
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Siebel SystemsÂ is continuing its push into the market for hosted business applications, launching on Tuesday four vertically tailored editions of its CRM (customer relationship management) OnDemand software. The company also released the sixth update to its year-old OnDemand application, adding new territory management and desktop software integration features.
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Siebel Systems announced this morning that it has signed a definitive agreement to purchase e-billing provider edocs. When the deal closes, Siebel will acquire 180 edocs employees, intellectual property and customer relationships of some 116 companies.
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Paris-based Business Objects is targeting mid-sized firms with a new business unit and BI product line.