Dec. 13 (Bloomberg) -- Oracle Corp., the largest database-software supplier, agreed to purchase DataRaker Inc. to expand in smart-grid analytics platforms that enable water, power and other utilities to use data to increase efficiencies.
Terms weren’t disclosed by the second-biggest maker of business management applications. Utilities are investing more and more in infrastructure to collect “massive amounts of data” from millions of smart meters and sensors, Redwood Shores, California-based Oracle said today in a statement.
“Smart-grid analytics software is an increasingly important area of investment and the acquisition follows several others in the sector over the last year,” said Maxime Serrano Bardisa, a water analyst at Bloomberg New Energy Finance.
Besides Sausalito, California-based DataRaker, meter data management vendors such as eMeter, now part of Siemens AG, Ecologic Analytics of Toshiba Corp. and Itron Inc. “have all boosted the analytical capabilities of their products,” Serrano Bardisa said from London. Oracle Utilities “competes closely with each of these companies and the DataRaker acquisition helps strengthen their position,” he said.
The global smart-grid market will reach $23.1 billion in annual investments by 2017, up from $15.3 billion in 2012, according to BNEF.
Another area of related growth is smart-water networks, which may save utilities $12.5 billion a year using real-time data from grid operations to help manage leakage and maintenance needs, the utility infrastructure company Sensus said in a report this month.
To contact the reporter on this story: Randall Hackley in London at email@example.com
To contact the editor responsible for this story: Randall Hackley at firstname.lastname@example.org