Siebel to Buy Edocs for $115 Million
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In yet another merger this week, Siebel agreed Friday to buy Edocs for $115 million. The deal combines Siebel, a customer-relations software company, with Edocs, which specializes in electronic billing.
"This acquisition brings together a leading provider of eBilling and customer self-service solutions with a leading provider of customer service, call center, and field service automation solutions, and is consistent with Siebel Systems' strategy to expand our front-office solutions," Siebel CEO J. Michael Lawrie said in a statement. The agreement is expected to be finalized next year.