Oracle completes Siebel buy

Oracle Corp. completed its acquisition of Siebel Systems Inc., the company announced today.

Purchasing Siebel should expand the Redwood Shores, Calif., company's ability to provide enterprise resource planning solutions, industry experts said.

Siebel provides customer relationship management solutions for customers such as the Wisconsin Department of Employee Trust Funds, Union Pacific Railroad and The Bank of New York Company Inc.

"Siebel's expertise with industry-specific customer-facing applications combined with rich analytics will not only serve as the centerpiece of our CRM strategy for Oracle Fusion Applications, but can also be used to extend our current customers investments today," said Oracle President Charles Phillips.

Oracle customers include The New York City Housing Authority and the U.S. Department of Transportation.

Oracle, which has more than 41,000 employees and annual sales of $11.79 million, ranks No. 30 on Washington Technology's 2005 Top 100 list of federal prime contractors.