Lawrie,after spending , is joining a private investment firm that was an investor in Siebel earlier this year.
"We got to know Mike while he was CEO at Siebel Systems, and we were investors there earlier this year," Jeff Ubben, ValueAct co-founder and managing partner, said in a statement.
During the same month that Lawrie resigned from Siebel, the troubled software company according to a filing with the U.S. Securities and Exchange Commission. Those talks lasted through May, before the acquisition group concluded that it could not offer a satisfactory price for Siebel.from two investment partnerships,
Currently engaged in a $2 billion hostile takeover bid for, ValueAct indicated that Lawrie would play a "significant leadership" role at the company if it is ultimately acquired.
Should the hostile bid go through, ValueAct would assign two other executives to join Lawrie at Acxiom, ValueAct said in its statement about Lawrie's partnership appointment.
, a former IBM sales and marketing executive, will serve as one of seven partners at ValueAct and will be based in its Boston office.
"Mike has successfully run sales forces, divisions and whole companies--both domestically and internationally--and brings the perspective of a CEO that can only be positive for our investment process and relationships with portfolio companies," Ubben said.
ValueAct manages approximately $3 billion in assets from its Boston and San Francisco offices.
"What impresses me most about the firm is the broad spectrum of strategies and tools available to the investment team, with the only mandate being to do what is best for the business," Lawrie said in a statement.
After Lawrie's departure from Siebel, the enterprise software maker eventually signed a.