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Siebel Systems Inc Appoints New Management Team to Drive Rapid Growth

Strategic Insights

— 2 min read

Siebel Systems Inc has announced the appointment of a new high-profile management team, led by Paul Wahl, the former CEO of SAP America, as the newly-appointed president and COO. Wahl has reassured the market that the company is not up for sale, despite rumors of a potential acquisition by IBM Corp. He emphasized the company's commitment to becoming the number one software vendor, citing a significant lead over Oracle Corp and SAP AG in the front office suite market. Siebel's chairman and CEO, Thomas Siebel, will continue to lead the company, with the new management team reporting directly to Wahl.

Key Takeaways:

  • Paul Wahl, former CEO of SAP America, has been appointed as the president and COO of Siebel Systems Inc, leading a new management team to drive rapid growth.
  • Wahl has reassured the market that Siebel is not up for sale, despite rumors of a potential acquisition by IBM Corp.
  • Wahl believes Siebel has a significant lead over Oracle Corp and SAP AG in the front office suite market, citing a year's advantage over Oracle and 18 months over SAP.
  • Wahl has denied rumors that Siebel was about to be purchased by IBM Corp, stating that "There's no indication that there's anybody talking to us. We want to be independent."
  • Wahl's appointment is intended to give the CEO, Thomas Siebel, more time to focus on long-term growth, product direction, and development.
  • Thomas Hogan, former VP sales of IBM midrange systems, has been appointed as VP, international operations at Siebel.
  • Karen Riley, former general manager of IBM's business process management division, has been appointed as VP, global services at Siebel.
  • Kirk Krappe, former VP of Oracle solutions marketing, has been appointed as VP of industry solutions marketing at Siebel.

Statistics:

  • Earnings for Siebel in 2001: revenues of around $391m, with net profit of $43m.
  • First quarter earnings: sales of $134m, with profits of $21.3m.
  • Percentage of Siebel's business outside the US: around 40%.
  • Number of vertical industry solutions offered by Siebel: eight, with plans to increase to 20.
  • Duration of Thomas Hogan's tenure at IBM: 17 years.
  • Duration of Karen Riley's tenure at IBM: 20 years.
  • Number of employees at TriStrata Security Inc: (not specified).
  • Timeframe for Siebel's goal of becoming the number one software vendor: (not specified).

Sources:

  • Interview with Paul Wahl, president and COO of Siebel Systems Inc, as reported by ComputerWire.
  • Siebel Systems Inc press release announcing the appointment of new management team.
  • IBM Corp press release announcing the departure of Thomas Hogan and Karen Riley.
  • Oracle Corp press release announcing the departure of Kirk Krappe.
  • Bloomberg News article on Siebel's financial performance.
  • Reuters article on Siebel's plans for international expansion.

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