Opower sale creates smart-grid behemoth

Published May 2, 2016 10:37pm ET



Digital giant Oracle landed a $535 million deal Monday to buy energy software company Opower to form one of the largest smart grid companies in the country.

“Together, Oracle Utilities and Opower will be the largest provider of mission-critical cloud services to utilities,” said Rodger Smith, senior vice president and general manager for Oracle Utilities Global Business Unit.

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