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[December 14, 2012]
Oracle to acquire DataRaker
Dec 14, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Oracle Corporation, an enterprise software company, has entered into an agreement to acquire DataRaker, Inc., a software-as-a-service company that provides data analytics for utilities. Both the companies are based in the US.
Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2012-12-13 Deal Participants Target (Company) DataRaker, Inc.
Acquirer (Company) Oracle Corporation Deal Rationale The acquisition will allow Oracle to add cloud-based analytics platform to its utilities solutions to transform Big Data into actionable intelligence.
It will allow Oracle to expand its operations in smart-grid analytics platforms that enable water, power and other utilities to use data to increase efficiencies.
It will also allow Oracle to complement its product offerings and continue its long-term commitment to investments in solutions that benefit the needs of customers in the utilities industry.
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