[Techtaffy Newsdesk]

Oracle has entered into an agreement to acquire DataRaker, a provider of a cloud-based analytics platform for the electric, gas and water utilities industries.

Rodger Smith (Senior Vice President and General Manager, Oracle): 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.

The size of the transaction was not shared.