Oracle Acquires RightNow For $1.5 Billion

Posted Oct 24, 2011

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 helps companies handle customer interactions for call centers. RightNow is used by about 2,000 organizations across the globe. RightNow was founded in 1997 and went public in 2004.