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 feature Key IT initiatives reshape the CIO agenda While cloud, cybersecurity, and analytics remain top of mind for IT leaders, a shift toward delivering business value is altering how CIOs approach key priorities, pushing transformative projects to the next phase. By Mary Pratt May 30, 2023 10 mins IT Strategy IT Leadership opinion Managing IT right starts with rightsizing IT for value While there are few universals when it comes to saying unambiguously what ‘managing IT right’ looks like, knowing how to navigate the limitless possibilities of IT is surely one. By Thornton May May 30, 2023 6 mins Digital Transformation IT Strategy IT Leadership brandpost Designing the campus of the future starts with high-quality 10Gbps connectivity By Huawei May 30, 2023 4 mins Network Architect Networking Devices Networking feature Red Hat embraces hybrid cloud for internal IT The maker of OpenShift has leveraged its own open container offering to migrate business-critical apps to AWS as part of a strategy to move beyond facilitating hybrid cloud for others and capitalize on the model for itself. By Paula Rooney May 29, 2023 5 mins CIO 100 Technology Industry Hybrid Cloud 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