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Oracle bought Siebel's company in 2005 to add to the company already growing business. Siebel produces CRM software for many different companies.
Siebel in 2005 decided that expansion was needed in order to grow the company since sales began to decline. Siebel sales declined from 1 billion dollars in 2000-2001 and in the end of 2004 sales were only half as much. Siebel knew that the CRM business was getting over saturated and the company must start to develop something new or go under. Siebel had an outstanding reputation for pre-built CRM solutions. Siebel began to work on a new CRM solution called Nexus (S...
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