Oracle Acquires DataRaker to Expand in Smart Meters, Sensors
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Oracle Corp., the largest database-software supplier, agreed to purchase DataRaker Inc. to expand in smart-grid analytics platforms that enable water, power and other utilities to use data to increase efficiencies.
Terms weren’t disclosed by the second-biggest maker of business management applications. Utilities are investing more and more in infrastructure to collect “massive amounts of data” from millions of smart meters and sensors, Redwood Shores, California-based Oracle said today in a statement.