Oracle today announced its intention to acquire Siebel Systems for $5.85bn. The acquisition will make Oracle the number one software player in the CRM space. Following on the heals of Oracle's numerous other acquisitions over the last period, including its takeover of Peoplesoft, this will vault Oracle into the big leagues of corporate application vendors with the likes of SAP, IBM and Microsoft.
Larry Ellison has for some time been announcing that the software industry is moving into a period of consolidation and will be led by a handful of giant, global suppliers who will increasingly offer complete suites of business software that come pre-integrated. Most industry pundits believe that Ellison's prediction is spot on and I certainly agree.
Oracle's tie up with Siebel makes a lot of sense and fills a key gap in Oracle's corporate applications offering. The challenge for Oracle going forwards is to integrate the company's they have bought, Peoplesoft and Siebel in particular. Indeed, the only unknown in this period of software industry consolidation is how effectively the acquirers management teams will execute on the integration process. But, Oracle seems to be doing an OK job with Peoplesoft so far.
So, thumbs up to Oracle for snapping up Siebel and roll on the consolidation of the industry.
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