December 17, 2012 – Oracle announced another cloud-based vendor buyout, this time tapping into the burgeoning utility analytics sector.

Oracle stated it plans to acquire DataRaker, a Sausalito, Calif.-based vendor specializing in on-demand offerings for analytic capabilities with utility industry customer and meter data. Oracle pointed to the deal as a boost to its cloud-based utility solutions to handle big data analytics with customer support and revenue management, power sensor and meter monitoring, and service personalization, according to a release on the proposed deal.

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