Lodestar's products will be combined with Oracle's existing Utilities Global Business Unit suite of applications acquired through SPL WorldGroup.
The purchase will allow Oracle to offer operational systems for all segments of the utilities industry, according to Larry Hagewood, senior vice president and general manager of Oracle Utilities Global Business Unit.
This will combine meter data management, load profiling, pricing, marketing, sales, customer care, billing and analytics, along with management of the networks, workforce, assets and business-to-business transactions.
The transaction is subject to customary conditions and is expected to close in May 2007. Financial details were not disclosed.
After the closing of the transaction, Oracle expects that Lodestar's employees will join Oracle's Utilities Global Business Unit.
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