RightNow Technologies
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RightNow Stockholders Approve $1.5 Billion Merger With Oracle

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RightNow Technologies this morning announced that, at its special stockholders meeting, nearly everyone voted in favor of the previously proposed merger with Oracle, who agreed to buy the cloud-based customer service company for $1.5 billion (or $43 per share) in cash at the end of October 2011.

From the press release announcing the overwhelming approval:

Approximately 99.8% of the shares voting at today’s Special Meeting of Stockholders voted in favor of the approval and adoption of the merger agreement, which represented approximately 87.0% percent of RightNow’s total outstanding shares of common stock as of the November 8, 2011 record date for the Special Meeting.

RightNow’s solutions help companies handle customer interactions across a multitude of channels, including call and contact centers, the Web and social networks.

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

With the acquisition, which is still subject to regulatory approval, Oracle will thus be adding a robust cloud-based customer service offering to its own Public Cloud solution – more info on that here.