Oracle has acquired SPL WorldGroup, a provider of revenue and operations management software for the utilities industry and tax management software for government organizations.
SPL delivers solutions for customer care and billing, mobile workforce management, outage and distribution management, and asset management that are specifically designed for electric, gas and water utilities. The company's broad suite of utility products supports critical operational business processes, services, markets and geographies. SPL also offers a complementary public sector tax management solution that provides a foundation to manage the financial relationships a governmental entity has with its constituents.
SPL management and employees will form a dedicated global utilities business unit within Oracle focused on utilities industry specific solutions, and will continue to support the development of tax management software for the public sector. Larry Hagewood will lead the unit as general manager.
SPL was purchased from private equity funds managed by GFI Energy Ventures LLC. Terms of the transaction were not disclosed.