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Oracle (ORCL) to Acquire Cloud-Based Analytics Company DataRaker

December 13, 2012 8:03 AM EST Send to a Friend
Oracle Corp (Nasdaq: ORCL) announced the following acquisition.

News Facts

* Oracle today announced that it has entered into an agreement to acquire DataRaker, a provider of a cloud-based analytics platform that enables electric, gas and water utilities to leverage vast amounts of data to optimize operational efficiency and improve the customer experience.
* Leading-edge utilities are investing in infrastructure to collect massive amounts of data from millions of distributed smart meters and sensors, and they require modern technologies to analyze and understand the insights provided by this data.
* DataRaker's proven solutions enable customers to gain immediate benefits from smart devices, by transforming meter, customer and network data into insights that can have a dramatic impact on organizational performance.
* The combination of Oracle and DataRaker's cloud-based solutions is expected to provide utilities with the most complete solution to harness the benefits of utility Big Data to improve operational performance and enhance customer experience.




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