Oracle Acquires DataRaker

Oracle Acquires DataRaker

The combination of Oracle and DataRaker’s cloud-based solutions is expected to provide utilities with a complete solution to harness the benefits of utility Big Data to improve operations and enhance customer experience.

Oracle Utilities senior vice president and general manager, Rodger Smith, notes, “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. 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.”

Rick Brakken, chief executive officer and cofounder of DataRaker, adds: “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.”

Oracle provides hardware and software to work together in the cloud and data centers. For more information, visit www.oracle.com.

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