Oracle 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.
“Big Data created by smart meters and sensors has presented utilities with an enormous opportunity to improve operations and deliver better customer service by acting on the unique insights that can only be found by understanding the massive amounts of data coming from their customers and networks,” said Rodger Smith, Senior Vice President and General Manager, Oracle Utilities. “With DataRaker, Oracle can provide customers a complete and integrated set of products to further unlock efficiencies and create data insights that maximize business value.”
“Oracle’s proposed acquisition of DataRaker represents a strong endorsement of DataRaker’s proven, scalable and high-performance platform. We are excited to be a part of Oracle, and look forward to combining our resources to drive new innovations that will continue to deliver value to customers,” said Rick Brakken, CEO and Co-Founder, DataRaker.
Source: Oracle Press Release