Oracle Corporation (NASDAQ:ORCL) has announced the acquisition of RightNow for $43 per share (about $1.5 billion). Oracle will be integrating RightNow’s cloud-based customer service offering to their own Public Cloud solutions. The acquisition price is a 20% premium on its closing price on Friday, October 21.

RightNow is a customer service company that has acquired Q-go for $34 million. RightNow plans to use the acquisition to enhance the search experience for their clients. RightNow is expecting that to add $8 million in revenue for 2011 to their finances through the acquisition and improve 2012 earnings. RightNow is currently expecting to hit $51 million in revenues for Q4 2010. The full press release is below: