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Oracle Acquires RightNow Technologies for $1.5 Billion

by cloudtweaks on October 24, 2011

in Business, Cloud Computing, IT, News, Partnerships, Press Release, Stocks, Technology

Oracle Acquires RightNow Technologies for $1.5 Billion

Adds Leading Customer Service Cloud Offering to Oracle’s Public Cloud

Redwood Shores, CA – October 24, 2011 - Oracle today announced that it has entered into an agreement to acquire RightNow Technologies, Inc. (NASDAQ: RNOW), a leading provider of cloud-based customer service, for $43.00 per share or approximately $1.5 billion net of RightNow’s cash and debt. RightNow’s Customer Service Cloud helps organizations deliver exceptional customer experiences across call centers, the web and social networks. Together, Oracle and RightNow can enable a superior customer experience at every contact and across every channel.

The Board of Directors of RightNow Technologies has unanimously approved the transaction. The transaction is expected to close by late 2011 or early 2012, subject to RightNow stockholder approval, certain regulatory approvals and customary closing conditions.

“Oracle is moving aggressively to offer customers a full range of Cloud Solutions including sales force automation, human resources, talent management, social networking, databases and Java as part of the Oracle Public Cloud,” said Thomas Kurian, Executive Vice President, Oracle Development. “RightNow’s leading customer service cloud is a very important addition to Oracle’s Public Cloud.”

“RightNow’s products add leading customer experience capabilities that help empower companies to interact with and provide a consistent experience to customers across channels,” said Greg Gianforte, CEO, RightNow. “We look forward to combining our complementary capabilities along with maintaining and expanding our presence in Bozeman, Montana in order to better service our customers.”

More information on this announcement can be found at http://www.oracle.com/rightnow.

About Oracle

Oracle engineers hardware and software to work together in the cloud and in your data center.  For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com.

Source: Oracle

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  1. Some Recent Cloud Computing Acquisitions | CloudTweaks.com - Cloud Computing Community says:
    January 16, 2012 at 6:29 am

    [...] an effort to combat its rival Oracle’s moves in the cloud computing space (See: Oracle Acquires RightNow Technologies for $1.5 Billion and Oracle Announces Oracle OpenWorld San Francisco 2011 Keynote Lineup), German business software [...]