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As Oracle (ORCL) snaps up RightNow (RNOW) for $1.5B, privately-owned Workday provides further...

As Oracle (ORCL) snaps up RightNow (RNOW) for $1.5B, privately-owned Workday provides further evidence of the lofty valuations being given to cloud software firms, closing a new funding round at a reported $2B valuation. Workday, a provider of cloud ERP software, expects to post ~$320M in 2011 billings, and plans to go public by the end of next year.
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