Mergers and Acquistions News
Categories: IT Services & Consulting
January 19th 2011, 17:03PM
RightNow, a US customer relationship management firm, will acquire Q-go.com for approximately $34 million (about £21.2 million), as it looks to open up new opportunities in key industries.
Amsterdam-headquartered Q-go is a natural search technology firm that helps businesses improve the way they market to customers.
Founded in 1997, RightNow is NASDAQ-listed and employs more than 800 people, with a client base of nearly 2,000.
RightNow expects its acquisition to add about $1 million to its revenue in the first quarter of 2011 and approximately $8 million of revenue for the 2011 fiscal year.
The purchase is expected to help RightNow forge new deals, garner new clients and strengthen its operations, support and IT.
"I am excited to add Q-go's solutions and talent to the RightNow organisation," said Greg Gianforte, chief executive.
"We expect this acquisition to help further accelerate our growth, adding approximately $8 million in revenue for the 2011 fiscal year. Q-go's leading edge technology has been proven to drive higher conversion rates, increase revenue and improve web visitor experiences for companies."
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