Oracle Public Cloud

Oracle is strengthening Public Cloud via RightNow

Oracle has aquired one more company which made 7 acquisitions in current year till now. Now people are not surprised with Oracle acquisitions. This time it has acquired "RightNow" – listed on NASDAQ – for $43 per share or roughly $1.5 billion net of RightNow’s cash and debt. With the acquisition, Oracle is adding a robust cloud-based customer service offering to its own Public Cloud solution.

RightNow is a software as a service company that focuses on customer service via call centers and self-service options via the Web and social networks. That customer service focus is aimed at the heart of Salesforce.com.

Its products are used by nearly 2,000 organizations across the globe, the company says.

Founded in 1997, RightNow went public in 2004. The company boasted a market cap of $1.2 billion at market close last week.

The acquisition by Oracle is expected to close later this year or in early 2012. As usual, the transaction is subject to a number of things, including RightNow stockholder approval, regulatory approvals and other customary closing conditions.

Thomas Kurian, executive vice president of Oracle Development, said in a statement that 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.”

That quote is basically shorthand for “Oracle is going cloud shopping.”

Oracle has closed 6 acquisitions this year. While its takeovers of RightNow and Endeca are pending, the company has completed the purchases of Datanomic, FatWire, Inquira, select intellectual property assets of Ndevr, Ksplice and Pillar Data Systems in 2011 alone.

To know more about Oracle Cloud Computing  click here

[hide] Mahesh [/hide]