The WSJ’s Market Hub news center presented a Merger Monday edition, with Cigna buying Healthspring, Mattel buying HIT, and … Oracle buying Rightnow Technologies (RNOW), a cloud vendor of customer service software, for almost $1.5B (six times next year’s estimated sales).
Oracle had recently pooh-poohed cloud computing as a fad just a few years ago but here is another case of the Old Guard buying the Innovators. I think that makes just about everyone a Cloud vendor now.
Oracle’s press release says:
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. RightNow’s leading customer service cloud is a very important addition to Oracle’s Public Cloud.
“RightNow’s products add leading customer experience capabilities that help empower companies to interact with and provide a consistent experience to customers across channels,” said Greg Gianforte, CEO, RightNow. “We look forward to combining our complementary capabilities along with maintaining and expanding our presence in Bozeman, Montana in order to better service our customers.”