Siebel Systems is a software company founded in 1993, known for its customer relationship management (CRM) solutions. The company was a pioneer in the CRM market, helping businesses manage their interactions with customers and improve sales and service processes. In 2006, Oracle Corporation acquired Siebel Systems, integrating its CRM software into Oracle's broader suite of enterprise applications. This acquisition allowed Oracle to enhance its offerings and provide comprehensive solutions for businesses looking to optimize customer engagement and data management.