Oracle buys 'cloud' service firm RightNow

Oct 24, 2011
Enterprise software giant Oracle said it had struck a deal to buy RightNow Technologies, which helps companies manage their cloud computing activities, for $1.5 billion.

Enterprise software giant Oracle said Monday it had struck a deal to buy RightNow Technologies, which helps companies manage their cloud computing activities, for $1.5 billion.

The $43 a share deal get a 14-year-old business which aims to make cloud computing work smoothly and efficiently for companies and their customers.

Bozeman, Montana-based RightNow said it had served nearly 2,000 organizations around the world.

Its most prominent product is its RightNow CX software, aimed at improving and enhancing the online experience of a company's customers.

Oracle Development's executive Thomas Kurian said the deal is part of Oracle's efforts to expand its cloud-computing services -- which allow companies to make use of files and applications based on the provider's servers via the Internet, rather than on their own servers.

"RightNow's leading customer-service cloud is a very important addition to Oracle's Public Cloud," Kurian said in a statement.

RightNow's shares shot up 19.1 percent to $42.85 after the announcement.

Explore further: Turner channels removed from Dish amid pact spat

add to favorites email to friend print save as pdf

Related Stories

Oracle buys data storage firm Pillar

Jun 30, 2011

US business software giant Oracle has reached a deal to buy Pillar Data Systems, a data storage start-up majority owned by Oracle founder and principal owner Larry Ellison.

Oracle's net rises 36 percent, but servers slip

Sep 20, 2011

(AP) -- Stronger spending on business software helped Oracle Corp.'s quarterly profit jump 36 percent, but the company's server business further deteriorated, a decline Oracle attributed to its move to shed ...

Software giant Oracle buys Java whizz Sun

Apr 20, 2009

Business software giant Oracle announced Monday it was buying Sun Microsystems and its Java programming language for 7.4 billion dollars after IBM abandoned its bid for the struggling tech company.

Recommended for you

Turner channels removed from Dish amid pact spat

2 hours ago

Channels such as Cartoon Network and CNN are no longer part of Dish's programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement.

Verizon reports higher 3Q net income, revenue

3 hours ago

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

Amazon, Simon & Schuster sign book retail deal

11 hours ago

Amazon has reached a deal with American book publisher Simon & Schuster, the companies said, though the e-commerce giant remains at loggerheads with France's Hachette over e-book pricing.

User comments : 0