Oracle Put Siebel Investors 'Out Of Their Misery' - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News Oracle Put Siebel Investors 'Out Of Their Misery'

In an e-mail to employees, Mark Benioff, chairman of, added that "We have been doing that for Siebel customers for years." He predicted Oracle will kill Siebel on demand, which is based on DB2. Inc., which has posted strong growth in offering customer relationship management software over the Internet, said Monday that investors of rival Siebel Systems Inc. were put "out of their misery" with Oracle's planned acquisition of the software maker., which is holding its Dreamforce user conference in San Francisco this week, has reported strong revenue growth as the CRM market shifts from in-house deployment to offering the sofware as a web service. For the second fiscal quarter ended July 31, reported a fourfold increase in profits and a 75 percent jump in revenue. The number of subscribers topped 300,000 in the quarter.

Siebel, on the other hand, has struggled with software sales. The company reported a loss in the second quarter ended June 30 and a dip in revenues.

In an email to employees, Mark Benioff, chairman and chief executive of, attacked Siebel and Oracle. On the former company, Benioff wrote: "Oracle put Siebel investors out of their misery today. We have been doing that for Siebel customers for years."

On Oracle, Benioff said the database giant, which is many multiples the size of, is following a "simple" strategy.

"Instead of innovating, buy as much installed software as possible, call it all Oracle Fusion, and make sure it all uses Oracle's database," Benioff said.

He predicted Oracle would pull the plug on Siebel on Demand, a similar service to Siebel's hosted software runs on IBM's DB2 database.

"Oracle will kill it," Benioff said of Siebel on Demand. "Oracle does not sell DB2."

IBM declined comment.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
What Comes Next for the COVID-19 Computing Consortium
Joao-Pierre S. Ruth, Senior Writer,  11/24/2020
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Register for InformationWeek Newsletters
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll