RightNow Technologies, Inc.
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RightNow Technologies, Inc. - overview
Location
Bozeman, MT, US
Primary Industry
Software
About
RightNow Technologies, Inc. specializes in customer service solutions, leveraging artificial intelligence and operational connectivity to enhance service delivery across various sectors. RightNow Technologies, Inc. provides customer service solutions, including AI-driven tools to optimize support operations.
The company was founded in Bozeman, US, and went public on August 5, 2004. In 2012, it was acquired by Oracle Corporation, with the most recent deal occurring on October 24, 2011. RightNow has secured USD 1,500. 00 mn in total funding through a Trade Sale, primarily from Oracle Corporation.
RightNow Technologies offers Oracle Service, a robust customer service platform that incorporates AI to deliver efficient service. Their offerings include self-service tools, agent-supported services, and enhanced field operations, benefiting clients in healthcare, finance, retail, and manufacturing. These solutions are available globally across North America, Europe, Asia-Pacific, and Latin America, aimed at improving customer satisfaction and loyalty. In the year 2010, RightNow Technologies generated revenue of USD 185.
52 mn, with an EBITDA of USD 19. 98 mn. This revenue is largely derived from subscription-based models tied to their customer service solutions, facilitating multi-year agreements that provide clients with various AI-enhanced functionalities. Following its acquisition by Oracle, RightNow Technologies is focusing on expanding its product line and enhancing existing offerings.
The company aims to innovate new solutions that will be launched in the upcoming years, with specific details yet to be disclosed. Additionally, RightNow plans to expand its reach into emerging markets, particularly targeting regions in Asia and South America by the end of 2025, leveraging the recent funding of USD 1,500. 00 mn to support these initiatives.
Primary Industry
Software
Sub Industries
Internet, Software
Website
www.rightnow.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
RightNow Technologies, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | RightNow Technologies, Inc. | - | ||||||||
| IPO | Completed | RightNow Technologies, Inc. | - | ||||||||
| Growth | Completed | RightNow Technologies, Inc. | - |
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