Oracle has made for itself with it acquisition policy but it doesn't often grab two companies within a day. The company has snapped up management software company SPL WorldGroup - yesterday, the company announced that it acquired Stellent.
SPL WorldGroup develops revenue and operations management software for utilities, and tax management software for government agencies. Customers such as electric, gas and water utilities use the software for customer care and billing, mobile workforce management, outage and distribution management and asset management. Oracle said it had bought the company to improve its offerings to the public sector and utility companies.
With the acquisition, Oracle said it would be in a unique position to offer an end-to-end packaged revenue and operations management solution for utilities. Often, conventional software products are customized for the utility market but the result is usually inefficient, inflexible and expensive, Oracle said.
SPL employees will become a business unit within Oracle working on utility-specific products and continuing to develop the government tax management software.
Oracle recently said that it plans to continue to pursue its strategy of acquiring companies as a way to drive growth. Over the past two years, the software giant has bought 20 companies.