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Oracle Buys RightNow for $1.5 Billion to Add Cloud Services

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By Sarah Frier

October 24, 2011 at 8:25 PM UTC

This article is for subscribers only.

Oracle Corp., the world’s second-largest software maker, agreed to buy RightNow Technologies Inc. for $1.5 billion, gaining customer-service expertise to bolster a new Internet-based product.

RightNow investors will get $43 a share, Oracle said today in a statement. That’s 20 percent more than Bozeman, Montana-based RightNow’s closing price on Oct. 21.