Oracle acquires utility-industry software developer

Oracle announced Friday it has acquired SPL WorldGroup, which will serve as a keystone to launch a global unit focused on utility companies.

SPL, based in San Francisco, develops software for the electric, gas and water industries to handles customer service and billing, mobile workforce needs, and the management of assets, distribution and outages.

"With the addition of SPL, Oracle plans to deliver the first end-to-end packaged revenue and operations management solution for investor-owned and public-sector utilities," Charles Phillips, Oracle's president, said in a statement.
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