On December 13, 2012, Oracle announced that it has entered into an agreement to acquire DataRaker, a leading provider of a cloud-based analytics platform that enables electric, gas and water utilities to leverage vast amounts of data to optimize operational performance and improve customer service.
The transaction has closed.
Leading-edge utilities are investing in infrastructure to collect massive amounts of data from millions of distributed smart meters and sensors. This "Big Data" requires an innovative technology platform to process and analyze the information so that utilities can then leverage it into actionable business intelligence.
DataRaker's cloud-based analytics, when combined with Oracle Utilities solutions, are expected to transform meter, customer, network and asset Big Data for improved decision-making capabilities.
Oracle is currently reviewing the existing DataRaker product roadmap and will be providing guidance to customers in accordance with Oracle's standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle's review of DataRaker product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by DataRaker or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. It is intended for information purposes only, and may not be incorporated into any contract.
Cautionary Statement Regarding Forward-Looking Statements