Hope this hasn't been posted yet
Monday March 13, 9:10 am Eastern Time
Company Press Release
IBM Partners With Siebel Systems to Offer Affordable Financing Options for Customer-Focused E-business Solutions
ARMONK, N.Y.--(BUSINESS WIRE)--March 13, 2000--IBM today announced an agreement with Siebel Systems (NASDAQ: SEBL - news), a leading provider of e-business application software, under which IBM Global Financing will offer attractive total solution financing for Siebel products. This agreement, an extension of the IBM/Siebel global strategic alliance, adds financing to the broad array of IBM hardware, software and services available to Siebel customers.
The agreement with IBM Global Financing is designed to help Siebel's customers acquire and implement IT solutions, while lowering their up-front expenses and preserving cash flow and working capital. The financing will also enable customers to immediately benefit from their new e-business solution, while spreading out the cost to fit their budget requirements.
``Together, IBM and Siebel already offer the most comprehensive customer-focused e-business solution in the market today,' said Thomas E. Hogan, vice president of sales, Siebel Systems. ``The addition of IBM Global Financing completes the offering and makes it easier for customers to acquire our solutions with the convenience of one-stop shopping for hardware, software, services and financing.'
``As more customers deploy customer-focused e-business solutions across their enterprise, the demand for project financing continues to grow,' said Sam Khanna, vice president of Services and Software Business Development, IBM Global Financing. ``IBM Global Financing will continue to partner with industry leaders such as Siebel to make it easier, faster and more affordable for customers to acquire and implement e-business solutions, which provide significant competitive advantage.'
About Siebel Systems
Siebel Systems, Inc. (Nasdaq:SEBL - news) is the world's leading provider of eBusiness applications software. Siebel Systems provides an integrated family of eBusiness Application software enabling multi-channel sales, marketing, and customer service systems to be deployed over the web, call centers, field, reseller channels, retail, and dealer networks. Siebel Systems' sales and service facilities are located in more than 28 countries. For more information, please visit Siebel's Web site at siebel.com.
About IBM Global Financing
IBM Global Financing is the market leader in software financing and continues to grow by expanding its portfolio of relationships with the world's leading software developers. IBM Global Financing serves organizations of all sizes in more than 40 countries and also provides flexible commercial financing to resellers and remarketers. IBM Global Financing Offerings are provided through IBM Credit Corporation in the United States. For more information, solution developers should contact Peter Leland, worldwide sales manager, Software and Services Financing, by email at paleland@us.ibm.com. General information about IBM Global Financing can be found at ibm.com
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Don |
