Tech

Opower – Oracle still buys its presence in the cloud

Just like great rival SAP, for a successful shift to cloud / SaaS, Oracle first setting a strategy of acquisitions – not new in itself for the regular editor of these operations. The firm of Larry Ellison formalizes this time the repurchase Opower for an amount of approximately $ 532 million.

The operation is consistent, of course, mostly it comes just days after another buyback . Last week, Oracle has indeed completed the acquisition of Textura for $ 663 million already in the technological field of the Cloud.

Offers Cloud by market (construction, energy …)

However, the software giant seems to take a very sectoral strategy on acquisitions. Textura specializes in cloud services for construction companies. With Opower, target Oracle SaaS / Cloud to players energy.

With Opower, so Oracle intends to develop its portfolio of Cloud solutions for the energy market and its suppliers – including EDF, referred to as client Opower. The company will be integrated into the division “Oracle Utilities”

Precision:. SaaS provider recently restructured its operations and eliminated 7.5% of its workforce. Stated goal: reduce trade costs, marketing and R & D. During the last quarter of its fiscal year, Opower recorded a loss of $ 13.6 million.

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