The combination of Lodestars complementary products with Oracles suite of utilities applications acquired through SPL WorldGroup and now offered by Oracles Utilities Global Business Unit is intended to underscore Oracles commitment to the utilities industry.

With the addition of Lodestars products, Oracle plans to deliver a suite of mission-critical operational systems for all segments of the utilities industry, says Larry Hagewood, senior vice-president and GM, Oracle Utilities Global Business Unit. Oracle is putting utilities in control by simplifying their infrastructure, enabling greater business insight, aiding process improvement and increasing customer satisfaction and loyalty.

The transaction is subject to customary conditions and is expected to close next month. Financial details were not disclosed.