DealBook: Oracle to Buy RightNow for $1.43 Billion

dealbook.nytimes.com (Oct 24 2011)

1. Oracle said on Monday that it had agreed to acquire RightNow Technologies, a provider of Web-based customer service solutions, for $1.43 billion, as it looks to build out its portfolio of cloud-based offerings. Under the terms of the deal, which is expected to close by early 2012, the enterprise software giant will pay RightNow’s shareholders $43 a share. “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,” Thomas Kurian, Oracle’s executive vice president of development, said in a statement on Monday. (Read Full Article)

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