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March 4, 1998 6:35 AM PST

Short Take: Siebel Systems to buy Scopus

Siebel Systems has agreed to buy Scopus Technology in a $461 million stock deal, creating the largest vendor for sales management and customer service software, according to Reuters. Siebel's software helps sales teams track clients and manage projects; Scopus develops customer service programs and handles troubleshooting requests. The companies expect to combine product lines and technology within a year.

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