Bloomberg News

Oracle Buys RightNow for $1.5 Billion to Expand Cloud Computing

October 24, 2011

Oct. 24 (Bloomberg) -- Oracle Corp., the world’s second- largest software maker, agreed to buy RightNow Technologies Inc. for about $1.5 billion to expand its offering of Internet-based services.

Oracle, based in Redwood City, California, will pay $43 per RightNow share, according to a statement today. The transaction may close by late 2011 or early 2012, Oracle said.

The acquisition will add RightNow’s so-called cloud computing offering, which helps organizations deliver services across call centers, the Internet and social network.

Oracle gained 0.3 percent to $32.23 at 8:10 a.m. New York time before the opening of the markets.

--Editors: Cecile Daurat, Ville Heiskanen

To contact the reporter on this story: Cecile Daurat in Wilmington at cdaurat@bloomberg.net

To contact the editor responsible for this story: Cecile Daurat at cdaurat@bloomberg.net


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