SEBL--Friday July 14, 1:32 pm Eastern Time
Company Press Release
Siebel Systems Acquires MOHR Development, Inc.
Adds Leading Financial Sales Training Solutions to Siebel Global Services Offerings
SAN MATEO, Calif.--(BUSINESS WIRE)--July 14, 2000--Siebel Systems, Inc. (Nasdaq:SEBL - news), the world's leading supplier of eBusiness application software, today announced the acquisition of MOHR Development, Inc., Ridgefield, Connecticut, a privately held provider of sales training solutions and consulting services focusing on the financial services, manufacturing, and technology business sectors. Financial terms of the acquisition were not disclosed.
Siebel Systems will incorporate MOHR solutions and expertise in Siebel MultiChannel Services, which provide organizations with the skills, processes and management disciplines they need to translate channel strategy into revenue growth. Siebel Systems' industry-trained consultants help organizations intelligently move from channel analysis to full-scale multichannel eBusiness deployments.
``MOHR Development's sales skills offerings will round out the sales process programs offered through Siebel MultiChannel Services, providing clients with a comprehensive training solution for sales and sales management,'' said Karen Riley, Senior Vice President, Global Services, Siebel Systems. ``The acquisition will allow Siebel MultiChannel Services to gain a new presence in the financial services sector, and provide clients across all industries the methods and tools of MOHR's Value-Driven Selling®. The result is even greater customer satisfaction.''
MOHR Development customers include Bank of America, CUNA Mutual, First Union, Norwest/Wells Fargo, Travelers, and Wachovia.
``Both our existing customers and the broad Siebel Systems customer base will benefit from this acquisition,'' said Nicholas H. Ward, CEO, MOHR Development. ``Siebel Systems is the clear global market leader in eBusiness applications, with a customer-focused, multichannel approach to eBusiness that perfectly complements our tools and methodologies.''
About Siebel Systems
Siebel Systems, Inc. (Nasdaq:SEBL - news) is the world's leading provider of eBusiness application software. Siebel Systems provides an integrated family of eBusiness application software enabling multichannel 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 www.Siebel.com.
About MOHR Development
MOHR Development has been a premier provider of innovative sales training processes for leading-edge, high-performance sales organizations and financial services companies. MOHR Development's core offering across industries is Value-Driven Selling®, an advanced face-to-face skills program that provides salespeople with the knowledge, skills and tools to win profitable and strategic business. For more information, please visit www.mohrdev.com.
Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. The success of the agreements and products described above and the future operating results of Siebel Systems, Inc. may differ from the results discussed or forecasted in the forward-looking statements due to factors that include, but are not limited to, risks associated with the Front Office software applications market, dependence on the Internet, risks associated with new versions and new products and risks associated with rapid technological change. Further information on potential factors that could affect the financial results of Siebel Systems, Inc. are included in its Annual Report on Form 10-K and quarterly reports on Form 10-Q and its other filings with the Securities and Exchange Commission.
Note to Editors: Siebel is a trademark of Siebel Systems, Inc. and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
--------------------------------------------------------------------------------
Contact:
Siebel Systems Public Relations
Jay Mejia, 650/295-5455
publicrelations@siebel.com
or
MOHR Public Relations
Ginny Calcutti, 800/758-7586
gcalcutti@mohrdev.com |
