Oracle announced on Monday that it will acquire Opower, an Arlington, Texas-based company that provides SaaS solutions to the utility industry. Oracle will pay approximately $532 million for the company, or roughly $10.30 per share in cash, according to a report by the Wall Street Journal.
Opower will be integrated into Oracle Utilities Global Industry Business Unit, which offers a complete suite of applications and cloud services for global electric, gas and water utilities.
