|
|
|
CONTACT INFORMATION
FOR IMMEDIATE RELEASE
Oracle Buys SPL
Expands Oracle's Applications Drive
into Utilities and Public Sector
REDWOOD SHORES, CA., November 03, 2006 - Oracle today
announced that it has acquired SPL WorldGroup, a leading provider
of revenue and operations management software for the utilities industry
and tax management software for government organizations.
SPL delivers best-in-class solutions for customer care and billing,
mobile workforce management, outage and distribution management,
and asset management that are specifically designed for electric,
gas and water utilities. The company's broad suite of industry leading
utility solutions supports critical operational business processes,
services, markets and geographies. SPL also offers a complementary
public sector tax management solution that provides a foundation
to manage the financial relationships a governmental entity has
with its constituents.
"With the addition of SPL, Oracle plans to delivers the first
end-to-end packaged revenue and operations management solution for
investor-owned and public sector utilities," said Charles Phillips,
President, Oracle. "Conventional, customized solutions have
proven inefficient, inflexible and costly. Oracle is putting utilities
in control to enable greater business insight, increased service
profitability and customer loyalty. In addition, SPL's tax management
solution solves the revenue management needs of public sector enterprises."
"Mission-critical systems for operational functions are a
priority software spend for utilities," said Larry Hagewood,
CEO at SPL. "We expect our combined solutions will help facilitate
the transformation of utilities to leading edge infrastructure that
creates competitive advantage for our customers."
SPL management and employees will form a dedicated global utilities
business unit within Oracle focused on utilities industry specific
solutions, and will continue to support the development of tax management
software for the public sector. Larry Hagewood will lead the unit
as General Manager.
SPL was purchased from private equity funds managed by GFI Energy
Ventures LLC. Terms of the transaction were not disclosed.
# # #
Trademarks
Oracle, JD Edwards, PeopleSoft, and Siebel are registered trademarks
of Oracle Corporation and/or its affiliates. Other names may be
trademarks of their respective owners. The above is for informational
purposes only and may not be incorporated into a contract.
|
|
