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Oracle is buying Opower for $532 million. Here’s why the deal could be good for both companies

stephen lacey | greentech media |2 may 2016 

To read the full article in Greentech Media, click here. 

PA's David Groarke, energy expert, is quoted in an article in Greentech Media. The article discusses Oracle's plans to acquire Opower, a utility software company, for $532 million.

Commenting on this, David stated: Opower’s platform processes over 40 percent of all residential energy consumption data in the U.S.

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David concluded: If Oracle can develop additional use cases in the near term with this data, this could be a significant opportunity for Oracle to further access the utilities industry.

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