M&A Deal Summary

Oracle Acquires OPOWER

On May 2, 2016, Oracle acquired software company OPOWER for 532M USD

Acquisition Highlights
  • This is Oracle’s 71st transaction in the Software sector.
  • This is Oracle’s 18th largest (disclosed) transaction.
  • This is Oracle’s 97th transaction in the United States.
  • This is Oracle’s 3rd transaction in Virginia.

M&A Deal Summary
Date 2016-05-02
Target OPOWER
Sector Software
Buyer(s) Oracle
Deal Type Add-on Acquisition
Deal Value 532M USD
Advisor(s) Qatalyst Partners (Financial)

Target

OPOWER

Arlington, Virginia, United States
OPOWER, Inc. is a provider of cloud-based software services to the utility industry. The Company was formed in 2007 and is based in Arlington, Virginia.

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Buyer(S) 1

Buyer

Oracle

Austin, Texas, United States
Category Company
Founded 1977
Sector Software
Employees159,000
Revenue 53.0B USD (2024)
DESCRIPTION
Oracle's headquarters in Austin, Texas.
Oracle's headquarters in Austin, Texas.

Oracle provides products and services that address corporate information technology (IT) environments including applications, platforms, and infrastructure. Oracle's products and services are available to customers via cloud computing or on-premises deployment models. Products include database and middleware software, application software, cloud infrastructure software and hardware systems (Oracle Engineered Systems, servers, storage, networking and industry specific products), along with support and related services. Oracle was formed in 1977 and is based in Austin, Texas.

DEAL STATS #
Overall 111 of 132
Sector (Software) 71 of 73
Type (Add-on Acquisition) 104 of 124
State (Virginia) 3 of 3
Country (United States) 97 of 114
Year (2016) 5 of 9
Size (of disclosed) 18 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 Textura

Deerfield, Illinois, United States

Textura Corp. is a provider of construction management software solutions that boost productivity, reduce risk and help construction professionals work together more effectively across the project lifecycle.

Buy $663M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 NetSuite

San Mateo, California, United States

NetSuite, Inc. is a provider of cloud-based business management software. NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory and more. NetSuite was formed in 1998 and is based in San Mateo, California.

Buy $9.3B
Mergr

Product

Company

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