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General

Oracle buys energy analytics provider Opower for USD 532 mln

Tuesday 3 May 2016 | 08:34 CET | News
Oracle has announced a deal to acquire Opower, a provider of customer engagement and energy efficiency cloud services to utilities, for around USD 532 million, net of Opower's cash. In a statement, Oracle said Opower's solutions enable over 100 global utilities, such as PG&E, Exelon and National Grid, to deliver a modern digital customer experience via a big data platform that stores and analyses over 600 billion meter reads from 60 million utility end customers. The acquisition follows Oracle's recent USD 663 million buyout of another cloud-based data company called Textura, which provides

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Categories: General
Companies: Oracle
Countries: United States
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