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On November 3, 2006, Oracle announced that it has acquired SPL WorldGroup (SPL), a leading provider of revenue and operations management software for utilities industries.
With this acquisition, Oracle plans to deliver the most complete suite of end-to-end packaged revenue and operations management solutions for utilities to meet unique industries needs. Oracle and SPL have complementary products with a shared focus that information and adaptive business processes are keys to achieving corporate revenue and profitability goals. Oracle plans to accelerate the pace of innovation and integration of SPL's products. The strengths of SPL's solutions for utilities are planned to be combined with Oracle's industries leading database middleware, and enterprise applications.
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