On March 31, 2020, Oracle announced that it has entered into an agreement to acquire LiveData Utilities. The acquisition extends Oracle Utilities' Network Management System by adding a long-standing partner that provides leading operational technology (OT) middleware solutions and SCADA capabilities to monitor and control utility equipment while reducing the complexity of real-time systems. The transaction is now closed and the LiveData Utilities team will join the Oracle Utilities organization.
Oracle’s recent agreement to acquire LiveData Utilities has led to Live Energy Connect (LEC), an operational technology (OT)-centric middleware platform that simplifies integration and scalability. LEC helps you make the most out of field devices, SCADA, and the latest smart-grid technology, too. Supporting all major protocols, including ICCP, OPC, and DNP3, it offers your utility enterprise-wide monitoring options and system control.
LiveData Utilities customers and partners: Please use your existing contacts for professional services and sales.
Oracle is currently reviewing the existing LiveData Utilities 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 LiveData Utilities’ product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by LiveData Utilities 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
This document contains certain forward-looking statements about Oracle and LiveData Utilities, including statements that involve risks and uncertainties concerning Oracle’s proposed acquisition of LiveData Utilities, anticipated customer benefits and general business outlook. When used in this document, the words “anticipates”, “can”, “will”, “look forward to”, “expected” and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or LiveData Utilities, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business may deteriorate and/or Oracle or LiveData Utilities may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or LiveData Utilities. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor LiveData Utilities is under any duty to update any of the information in this document.