Oracle acquires SPL WorldGroup


Charles Phillip 3Redwood Shores, CA, U.S.A. — (METERING.COM) — November 6, 2006 – Oracle, a global enterprise software company, has announced that it has acquired SPL WorldGroup, a provider of revenue and operations management software for the utilities industry and tax management software for government organizations.

SPL delivers best-in-class solutions for customer care and billing, mobile workforce management, outage and distribution management, and asset management that are specifically designed for electric, gas and water utilities. The company’s broad suite of utility solutions supports critical operational business processes, services, markets and geographies.

“With the addition of SPL, Oracle plans to delivers the first end-to-end packaged revenue and operations management solution for investor-owned and public sector utilities,” said Charles Phillips, President, Oracle. “Conventional, customized solutions have proven inefficient, inflexible and costly. Oracle is putting utilities in control to enable greater business insight, increased service profitability and customer loyalty. In addition, SPL’s tax management solution solves the revenue management needs of public sector enterprises.”

“Mission-critical systems for operational functions are a priority software spend for utilities,” said Larry Hagewood, CEO at SPL. “We expect our combined solutions will help facilitate the transformation of utilities to leading edge infrastructure that creates competitive advantage for our customers.”

SPL management and employees will form a dedicated global utilities business unit within Oracle focused on utility industry-specific solutions, and will continue to support the development of tax management software for the public sector. Larry Hagewood will lead the unit as General Manager.