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Siebel: Orders rolling in for software rentals

The company says it has taken 175 orders over the past two months for a new software subscription service, Siebel OnDemand, which it introduced in December.

Siebel Systems said on Friday that it has taken 175 orders over the past two months for a new software subscription service, Siebel OnDemand, which it introduced in December. Sixty-two of the orders were from new customers, the company added. The San Mateo, Calif. company inked 229 subscription deals in the first-three months of the year, according to reports.

Siebel OnDemand allows businesses to use the software maker's customer service and sales applications for a monthly fee via the Web. Siebel's entry into the so-called hosted software market follows a surge in demand for similar services offered by Salesforce.com, RightNow Technologies and others.