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IBM Partners With Siebel Systems to Offer Affordable Financing Options for Customer-Focused E-business Solutions


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ARMONK, N.Y - 13 Mar 2000: -- IBM today announced an agreement with Siebel Systems (NASDAQ:SEBL), 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 and general manager of global channels, 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."

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