Siebel Ships Seven Solutions for Seven Industries
Siebel Systems, Inc. (Nasdaq: SEBL) today released 20 e-business applications based on its new Siebel 7 platform, each designed to fit the needs of a specific industry. While a number of the applications are enhancements of existing products, seven of the Siebel 7 Industry Applications are geared toward verticals for which Siebel did not previously provide customized solutions.
The San Mateo, Calif.-based software solutions provider has introduced new out-of-the-box packages for the wireless communications, media, oil and gas, medical products, chemicals, retail and travel and hospitality industries. In addition, the company has leveraged Siebel 7 to add new features and capabilities to its existing applications for such industries as pharmaceuticals and financial services.
"Organizations have sophisticated requirements and complex processes, and
they expect out-of-the-box applications to meet their specific industry
needs," said David Schmaier, Executive Vice
President, Siebel. "We have worked closely with our customers and partners to develop
Siebel Industry Applications, and with Siebel 7, we have set a new standard
by shipping 20 industry applications that support deep segment-specific
What makes the Siebel 7 platform unique, according to the company, is its ability to meld its "zero-footprint" Web architecture with a level of interactivity normally associated with desktop applications. The platform, which originally shipped November 20, also includes new analytics tools and reporting capabilities designed to track business performance.
Following today's announcement, Siebel stocks closed at $26.93, down nearly 10 percent from yesterday's close. However, the fall balanced out Tuesday's 9 percent climb, which resulted from Banc of America's improved earnings estimates for Siebel's fourth quarter 2001.