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Source : http://www.internetnews.com
Activity:
1 comments
392 views
last activity : 07 06 2010 20:18:04 +0000
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The software and IT industry is feeling a great need of system integration, and this need has led to various strategic alliances, mergers , takeovers and bids to occur. The hottest bid about which I am currently commenting is the $ 5.85 billion acquisition of CRM giant Siebel Systems by database big shot Oracle.
This is the debatable bid in the IT industry and has heightened the pace of consolidation in entire software industry. This consolidation will help Oracle to standardize on Oracle's Siebel CRM to help increase business growth, improve overall efficiencies, gain a 360 degree client view across all sales channels and trim the fat from its operating expenses.
Oracle’s primary comment on the move, that the acquisition will add 4,000 customers and 3.4 million CRM users to its portfolio , is evidence that in today’s highly saturated markets, acquisition is about the only way for large software companies like Oracle to significantly grow their revenues.
It is considered to be along term proposition that will provide Oracle with competitive advantages and effecient technical capabilities to integrate beter the CRM practises.
I think it is the best opportunity available for Oracle to attain leadership in CRM practices and double the profitable figures on companies balance sheet.....
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