-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WsXnZkWVbxmXWqhnVXDCni4TW7//tVI5Sixm7qGBjlfT+93XuJKuOK5BdeII7k82 odGZzOdaMwgkruhH+rAylg== 0000950123-09-041652.txt : 20090908 0000950123-09-041652.hdr.sgml : 20090907 20090908160028 ACCESSION NUMBER: 0000950123-09-041652 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090908 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090908 DATE AS OF CHANGE: 20090908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIGHTNOW TECHNOLOGIES INC CENTRAL INDEX KEY: 0001111247 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 810503640 STATE OF INCORPORATION: MT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-31321 FILM NUMBER: 091058154 BUSINESS ADDRESS: STREET 1: 136 ENTERPRISE BLVD. CITY: BOZEMAN STATE: MT ZIP: 59718 BUSINESS PHONE: 406 522 2952 MAIL ADDRESS: STREET 1: 136 ENTERPRISE BLVD. CITY: BOZEMAN STATE: MT ZIP: 59718 8-K 1 c53509e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 8, 2009
RIGHTNOW TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Charter)
         
DELAWARE   000-31321   81-0503640
         
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)
     
136 ENTERPRISE BOULEVARD, BOZEMAN, MT   59718
     
(Address of Principal Executive Offices)   (Zip Code)
Registrant’s telephone number, including area code (406) 522-4200
N/A
(Former Name or Former Address, if Changed Since Last Report)
     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 7.01. Regulation FD Disclosure.
     On September 8, 2009, RightNow Technologies, Inc. (the “Company”) announced a definitive agreement to acquire HiveLive, Inc. A copy of the press release announcing the definitive agreement is furnished herewith as Exhibit 99.1.
     Under the terms of the definitive agreement, RightNow will acquire all of the stock of HiveLive for approximately $6 million in cash. The acquisition is expected to be accretive to earnings in the fourth quarter of 2010. The Company expects an increase in operating expenses of approximately $1 million per quarter as a result of headcount additions. RightNow expects to close the transaction next week and will have it recorded in its September 30, 2009 quarter end financial statements.
     For the third quarter of 2009, the Company reaffirms its previously issued revenue and non-GAAP earnings per share guidance, which was originally provided in its press release dated July 29, 2009.
     For the full year 2009, RightNow reaffirms its revenue guidance, which was also provided in its press release dated July 29, 2009. The Company reduces its full year 2009 non-GAAP earnings per share guidance, which excludes stock-based compensation, and amortization of intangible assets resulting from the transaction, from a range of $0.29 to $0.33 to $0.27 to $0.31.
     RightNow expects increased expenses arising from the acquisition in amortization of acquired intangibles, which will be finalized once the purchase price accounting valuation is complete. As such, the Company has withdrawn its previous GAAP earnings per share guidance for the third quarter and full year 2009.
     The information contained in this report and in exhibits attached to this report is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that Section, or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. This report shall not be deemed an admission as to the materiality of any information contained herein.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
     This report contains forward-looking statements. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” similar expressions, and variations or negatives of these words and include, but are not limited to, statements regarding projected results of operations and management’s future strategic plans. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement.
     The risks and uncertainties referred to above include, but are not limited to, the risk that the HiveLive, Inc. purchase transaction will not close, and the risks associated with purchasing HiveLive, including the Company’s ability to retain and motivate HiveLive’s employees, to integrate and market HiveLive’s solutions to new customers, the ability to retain HiveLive’s existing customers, the speed, quality and cost of the Company’s efforts to integrate HiveLive’s solutions with the Company’s solution set, the security and reliability of HiveLive’s service, and the risks associated with forecasting impact on combined financial results. Further information on potential factors that could affect our financial results is included in our Annual Report on Form 10-K, quarterly reports of Form 10-Q and current reports on Form 8-K filed with the Securities and Exchange Commission. The forward-looking statements in this release speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.
Item 9.01. Financial Statements and Exhibits.
  (a)   Financial statements of business acquired.
 
      Not Applicable
 
  (b)   Pro forma financial information.
 
      Not applicable
 
  (c)   Shell company transactions.
 
      Not applicable
  (d)   Exhibits.
     
Exhibit No.   Description of Exhibit
 
   
99.1
  Press Release dated September 8, 2009 announcing RightNow Technologies, Inc.’s definitive agreement to acquire HiveLive, Inc. (furnished herewith but not filed pursuant to Item 7.01).

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
 
RIGHTNOW TECHNOLOGIES, INC.
(Registrant)
 
 
Dated: September 8, 2009  /s/ Jeffrey C. Davison    
  Jeffrey C. Davison   
  Chief Financial Officer, Vice President and Treasurer   

 


 

         
EXHIBIT INDEX
     
Exhibit No.   Description of Exhibit
 
   
99.1
  Press Release dated September 8, 2009 announcing RightNow Technologies, Inc.’s definitive agreement to acquire HiveLive, Inc. (furnished herewith but not filed pursuant to Item 7.01).

 

EX-99.1 2 c53509exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(RIGHTNOW LOGO)
NOT For Immediate Release
RightNow Signs Definitive Agreement to Acquire Social Networking Company
RightNow is First to Blend Social and CRM to Deliver Exceptional Customer Experiences
BOZEMAN, MONT. — SEPTEMBER 8, 2009 — RightNow (NASDAQ: RNOW) has signed a definitive agreement to acquire HiveLive, Inc., an enterprise-class social platform provider. The acquisition will combine RightNow’s on demand customer relationship management (CRM) solution with HiveLive’s innovative platform for customer support, engagement and loyalty, and ideation communities to help organizations maximize every opportunity to deliver great customer experiences.
RightNow believes that by adding the HiveLive platform, RightNow will deliver the broadest social CRM solution in the marketplace. The HiveLive platform is available immediately following the acquisition and will be tightly integrated into RightNow November ’09. A demonstration of HiveLive will be featured at the RightNow Summit in Colorado Springs, Colo., October 26 – 28.
“Our clients and prospects are clamoring for more social web functionality. With the addition of HiveLive, we meet all the customer experience needs of consumer-focused organizations today, with market-leading e-service capabilities, a robust contact center solution, and now an innovative social platform. It is that unmatched combination of customer experience and social expertise that gives us a much expanded opportunity to provide even more value to our clients.”
Greg Gianforte, CEO, RightNow
CRM and the Social Revolution
Increasingly more customer conversations are happening directly between consumers; online communities and social networking sites are becoming a critical source of information when consumers make purchase decisions or seek service and support. Most organizations struggle not only to participate in social conversations, but to integrate those conversations into internal business process, tap them for design ideas, and leverage them to create passionate brand advocates. By fully integrating the HiveLive platform, RightNow will be able to connect customer communities with existing CRM business processes, helping companies to deliver exceptional customer experiences.
The Social CRM Experience

With the HiveLive platform, companies will be able to easily:
    Implement prebuilt communities for customer support, engagement and loyalty, and ideation
 
    Configure these communities for unique business needs
 
    Incorporate forums, blogs, ideation, question and answer dialogues, media sharing and more
 
    Integrate customer generated content into the market-leading RightNow knowledge base

 


 

The HiveLive platform complements RightNow Cloud MonitorTM by empowering organizations not only to monitor the social web but actually facilitate their own communities. HiveLive will also add the social channel to RightNow’s multi-channel contact center offering, which includes phone, email, mobile, web, feedback and chat.
“HiveLive has gone far beyond traditional forum-based communities with a flexible platform that enables customer support, innovation, loyalty and lead generation. The platform can also help organizations very easily create their own unique, brand-specific consumer communities.”
David Vap, vice president of products, RightNow
“At HiveLive, we’ve built a world class team of social experts. We are excited to join RightNow and share with its clients our unique social platform. With RightNow we believe that we will be able to dramatically accelerate the adoption of the platform.”
John Kembel, co-founder and CEO of HiveLive, Inc.; Kembel is also a Consulting Associate Professor and Strategy Board member at the Hasso Plattner Institute of Design at Stanford
Acquisition Details
Under the terms of the definitive agreement, RightNow will acquire all of the stock of HiveLive for approximately $6 million in cash. The acquisition is expected to be accretive to earnings in the fourth quarter of 2010. The Company expects an increase in operating expenses of approximately $1 million per quarter as a result of headcount additions. RightNow expects to close the transaction next week and have it recorded in its September 30, 2009 quarter end financial statements.
For the third quarter of 2009, the Company reaffirms its previously issued revenue and non-GAAP earnings per share guidance, which was originally provided in its press release dated July 29, 2009.
For the full year 2009, RightNow reaffirms its revenue guidance, which was also provided in its press release dated July 29, 2009. The Company reduces its full year 2009 non-GAAP earnings per share guidance, which excludes stock-based compensation, and amortization of intangible assets resulting from the transaction, from a range of $0.29 to $0.33 to $0.27 to $0.31.
RightNow expects increased expenses from the acquisition in amortization of acquired intangibles, which will be finalized once the purchase price accounting valuation is complete. As such, the Company has withdrawn its previous GAAP earnings per share guidance for the third quarter and full year 2009.
Conference Call Information

RightNow will host a teleconference at 5:00 p.m. ET/3:00 p.m. MT today, September 8, 2009. To access the call, please dial (877) 681-3376 at least five minutes prior to the start time. An audio webcast and replay of the call will also be available at http://investor.rightnow.com/events.cfm. An audio replay of today’s conference call will be available from September 8, 2009 to September 22, 2009 by dialing 719-457-0820 with the replay passcode 6290947.
About RightNow

RightNow (NASDAQ: RNOW) delivers on demand CRM solutions that help consumer-centric organizations deliver great customer experiences. Approximately 1,900 corporations and government agencies worldwide depend on RightNow to better meet the needs of those they serve. RightNow is headquartered in Bozeman, Montana. For more information, please visit RightNow Technologies.

 


 

RightNow is a registered trademark of RightNow Technologies, Inc. NASDAQ is a registered trademark of the NASDAQ Stock Market.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This press release may contain forward-looking statements. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. The risks and uncertainties referred to include, but are not limited to the risk that the HiveLive, Inc. purchase transaction will not close, and the risks associated with purchasing HiveLive, Inc., including the our ability to retain and motivate HiveLive’s employees, our ability to integrate and market HiveLive’s solutions to new customers, our ability to retain HiveLive’s existing customers, the speed, quality and cost of the our efforts to integrate HiveLive’s solutions with the our solution set, the security and reliability of HiveLive’s service, and the risks associated with forecasting impact on combined financial results. Further information on potential factors that could affect our financial results is included in our Annual Report on Form 10-K, quarterly reports of Form 10-Q and current reports on Form 8-K filed with the Securities and Exchange Commission. The forward-looking statements in this release speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.
FRNOW
# # #
Media Contact
Katie O’Connell
koconnell@rightnow.com
925-674-1487, office
925-270-6107, mobile
Industry Analyst Contact
Jaia Zimmerman
jzimmerman@rightnow.com
650-653-4441, office
650-464-8462, mobile
Investor Relations:
Todd Friedman or Stacie Bosinoff
The Blueshirt Group
415.217.7722, office
todd@blueshirtgroup.com
stacie@blueshirtgroup.com

 

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