Monday, April 30, 2007

Oracle to Acquire Peabody-Based Lodestar - Peabody, MA

Oracle, the California-based business software giant, said that it will acquire Lodestar, a Peabody-based maker of software designed to manage meter data for the utilities industry. Financial terms of the deal, expected to close in May, were not disclosed. Oracle said that the deal will bolster its offerings for utilities, following the company's recent acquisition of utilities software firm SPL WorldGroup. Lodestar currently has more than 120 clients in the energy industry. Its employees will join Oracle's Utilities Global Business Unit.


Post a Comment

<< Home