Avondale Partners Downgrades Opower (OPWR) to Market Perform

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Go back to Avondale Partners Downgrades Opower (OPWR) to Market Perform

Oracle Buys Opower

May 2, 2016 7:59 AM EDT

REDWOOD SHORES, CA -- (Marketwired) -- 05/02/16 -- Oracle (NYSE: ORCL) today announced that it has entered into a definitive agreement to acquire Opower (NYSE: OPWR), the leading provider of customer engagement and energy efficiency cloud services to utilities, for $10.30 per share in cash. The transaction is valued at approximately $532 million, net of Opower's cash.

Opower's solutions enable over 100 global utilities, such as PG&E, Exelon and National Grid, to deliver a modern digital customer experience. Opower's big data platform stores and analyzes over 600 billion meter reads from 60 million utility end... More