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Oracle acquired Israeli cross-device ad-tech startup Crosswise for $50 million, and in February it acquired Israeli nested virtualization startup Ravello for $500 million. “Utilities want modern technology solutions that work together to meet their evolving customer, operational and compliance needs,” said Rodger Smith, SVP and general manager, Oracle Utilities Global Business Unit. “Together, Oracle Utilities and Opower will be the largest provider of mission-critical cloud services to utilities.” “The combination will provide the industry with the most modern, complete cloud applications for the entire utility value chain, from meter to grid to end-customers,” said Dan Yates, CEO and co-founder of Opower. “We are excited to join Oracle and to bring even more value to our customers as part of the Oracle Utilities Industry Cloud Platform.” Opower’s solutions enable over 100 global utilities, such as PG&E, Exelon and National Grid, to deliver a modern digital customer experience. Opower’s big data platform stores and analyzes over 600 billion meter reads from 60 million utility end customers, enabling utilities to proactively meet regulatory requirements, decrease the cost to serve, and improve customer satisfaction. Opower’s board of directors has unanimously approved the transaction. The deal is expected to close in 2016, subject to shareholder and regulatory approvals, and other customary closing conditions. Oracle Corporation is a multinational computer technology corporation, headquartered in Redwood City, California. Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. The company was co-founded in 1977 by billionaire Larry Ellison, executive chairman. Oracle had a market capitalization of approximately $164 billion as of May 2, 2016. Photo: Safra A. Catz, Oracle CEO.]]>