Oracle Friday said it acquired SPL WorldGroup in an effort to better target public-sector utility companies. The terms of the deal weren’t disclosed.SPL develops revenue and operations management software for utilities, and tax management software for government agencies. Customers such as electric, gas and water utilities use the software for customer care and billing, mobile workforce management, outage and distribution management, and asset management. Government agencies use SPL’s software to help manage their financial relationships with constituents. With the acquisition, Oracle said it will be in a unique position to offer an end-to-end packaged revenue and operations management solution for utilities. Often, conventional software products are customized for the utility market, but the result is usually inefficient, inflexible and expensive, Oracle said. SPL employees will become a business unit within Oracle working on utility-specific products and continuing to develop the government tax-management software. Oracle recently said that it plans to continue to pursue its strategy of acquiring companies as a way to drive growth. Over the past two years, the software giant has bought 20 companies. On Thursday, Oracle announced that it will buy content management software developer Stellent for US$440 million.Related Links: Oracle to Acquire Stellent for $440M Oracle President Justifies Acquisition Policy Oracle Buys Data Integration Firm Sunopsis Oracle Gains More Analytics With Sigma Buy Oracle Offers $219M for MetaSolv Oracle Sets Sights on Red Hat With Linux Tech SupportCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by Freshworks When your AI chatbots mess up AI ‘hallucinations’ present significant business risks, but new types of guardrails can keep them from doing serious damage By Paul Gillin Dec 08, 2023 4 mins Generative AI brandpost Sponsored by Dell New research: How IT leaders drive business benefits by accelerating device refresh strategies Security leaders have particular concerns that older devices are more vulnerable to increasingly sophisticated cyber attacks. By Laura McEwan Dec 08, 2023 3 mins Infrastructure Management case study Toyota transforms IT service desk with gen AI To help promote insourcing and quality control, Toyota Motor North America is leveraging generative AI for HR and IT service desk requests. By Thor Olavsrud Dec 08, 2023 7 mins Employee Experience Generative AI ICT Partners feature CSM certification: Costs, requirements, and all you need to know The Certified ScrumMaster (CSM) certification sets the standard for establishing Scrum theory, developing practical applications and rules, and leading teams and stakeholders through the development process. By Moira Alexander Dec 08, 2023 8 mins Certifications IT Skills Project Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe