Oracle To Buy Utilities Software Maker Lodestar - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Software // Information Management

Oracle To Buy Utilities Software Maker Lodestar

The acquisition represents the latest gulp in what has become an ongoing buying binge that began with PeopleSoft in 2005.

Oracle said Tuesday that it plans to acquire Lodestar, a privately held developer of business software for the utilities industry.

Oracle said it will combine Lodestar's offerings with utilities software products it acquired when it bought out SPL WorldGroup last November. The software will be sold through Oracle's Utilities Global Business unit.

Oracle said it expects the transaction to close this May. Financial terms weren't disclosed. Lodestar's employees will join Oracle's Utilities Global Business unit, Oracle said.

Lodestar's customers include Duke Energy and Kansas City Power & Light.

The acquisition represents the latest gulp in what has become an ongoing buying binge that began with Oracle's buyout of PeopleSoft in January 2005. Since then, Oracle has made 28 other acquisitions, including the Lodestar deal.

Investors shrugged at the news of Oracle's latest buy. The company's shares on the Nasdaq were trading relatively flat at $18.88 as of mid-day Tuesday.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

How SolarWinds Changed Cybersecurity Leadership's Priorities
Jessica Davis, Senior Editor, Enterprise Apps,  5/26/2021
How CIOs Can Advance Company Sustainability Goals
Lisa Morgan, Freelance Writer,  5/26/2021
IT Skills: Top 10 Programming Languages for 2021
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/21/2021
White Papers
Register for InformationWeek Newsletters
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Flash Poll