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Oracle Goes Deeper Into The Cloud
Right on the heels of a similar acquisition last week, Oracle has announced it will pay $532 million to buy Opower, a provider of cloud services to the utilities industry.
Once a die-hard cloud holdout, Oracle has been making up for lost time by buying a foothold in specific industries through acquisitions such as this one. Last week’s Textura buy gave it a leg up in engineering and construction.
“It’s a good move on Oracle’s part, and it definitely strengthens Oracle’s cloud story,” said Frank Scavo, president of Computer Economics.
Opower’s big-data platform helps utilities improve customer service, reduce costs and meet regulatory requirements. It currently stores and analyzes more than 600 billion meter readings from 60 million end customers. Opower claims more than 100 global utilities among its clients, including PG&E, Exelon and National Grid.
Opower will continue to operate independently until the transaction closes, which is expected later this year. The union will create the largest provider of mission-critical cloud services to an industry that’s worth $2.3 trillion, Oracle said.
Oracle’s Utilities business delivers applications and cloud services that automate core operational processes and enable compliance for global electric, gas and water utilities.
“Oracle’s industry organizations maintain unique domain knowledge, specialized expertise and focused product investments,” said Rodger Smith, a senior vice president who leads the Utilities global business unit, in a letter to customers and partners. “This model has proven highly successful across several industries, and we look forward to bringing these same benefits to the customers of Opower.”
Source- http://www.thegurureview.net/aroundnet-category/oracle-pushes-deeper-into-cloud-computing-with-another-acquisition.html
Net Neutrality Vote Coming Next Month
January 14, 2015 by admin
Filed under Around The Net
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The U.S. Federal Communications Commission will finally vote on new net neutrality rules in their February meeting.
FCC Chairman Tom Wheeler will bring a proposal to a vote during the commission’s Feb. 26 meeting, FCC spokeswoman Kim Hart said Friday, following a report in the Washington Post.
It’s unclear, however, what form those rules will take. Hart declined to comment further on the net neutrality order Wheeler plans to circulate in February.
Many telecom policy experts had expected the FCC to take action on net neutrality early this year after a year-long fight over the issue.
Nearly a year ago, a U.S. appeals court threw out a large portion of net neutrality rules the FCC approved in late 2010. The court ruled that the FCC’s rules came too close to common carrier regulations when the commission didn’t take the step of reclassifying broadband providers as regulated utilities. The court, however, pointed to a couple if sections of the Telecommunications Act that the FCC could use to pass net neutrality regulations.
After launching a net neutrality proceeding in early 2014, the FCC has received nearly 4 million public comments about proposed regulations. Wheeler originally proposed that the FCC adopt rules that would allow broadband providers to engage in “commercially reasonable” traffic management, and in limited cases, charge Web content providers and services for prioritized traffic.
But many people filing comments, and groups like Free Press and Public Knowledge, called on the FCC to pass stronger rules prohibiting traffic prioritization deals. Many advocates of strong net neutrality rules want the FCC to reclassify broadband as a regulated public utility, while exempting them from some common carrier rules, like price regulation.
Recent news reports have suggested Wheeler is leaning toward so-called hybrid net neutrality rules that would classify a part of broadband service as a regulated public utility.