**Editor's Note: Please click here for the biggest M&A in Q3 2012 in the service-provider and BSS/OSS spaces.**
Oracle announced on Thursday plans to buy DataRaker, a cloud-based analytics platform that enables electric, gas and water utilities to leverage vast amounts of data to optimize operational efficiency and improve the customer experience.
Oracle says DataRaker's solutions enable customers to benefit from their smart devices by transforming meter, customer and network data into insights that can have a dramatic impact on organizational performance. The combination of Oracle and DataRaker's cloud-based solutions is expected to provide utilities with the most complete solution to harness the benefits of utility Big Data to improve operational performance and enhance customer experience.
"Big Data created by smart meters and sensors has presented utilities with an enormous opportunity to improve operations and deliver better customer service by acting on the unique insights that can only be found by understanding the massive amounts of data coming from their customers and networks," said Rodger Smith, SVP and general manager, Oracle Utilities. "With DataRaker, Oracle can provide customers a complete and integrated set of products to further unlock efficiencies and create data insights that maximize business value."
The deal is subject to standard closing conditions.