SPL WorldGroup Has Been Acquired by Oracle

SPL WorldGroup Profile

  • SPL WorldGroup, a privately-held company based in San Francisco, was a leading provider of revenue management solutions for investor-owned and public sector utilities and governments
  • SPL was created via the roll-up of five utility software companies, allowing the combined company to provide a comprehensive suite of services: SPL (CIS); Axciom and Mobility (workforce management); CES International (OMS & DMS); and Synergen (asset management) with a company history dating back to 1969
  • SPL was principally owned by GFI Energy Ventures

Oracle Profile

  • Oracle (NASDAQ: ORCL) develops, manufactures, markets, distributes and services database and middleware software as well as applications software designed to help companies manage and grow their business operations
  • With over 84,000 employees at the time of the acquisition and the world’s largest corporations as customers, Oracle is the world’s largest enterprise software company
  • Oracle uses an active acquisition program as a major component of the company’s corporate growth strategy

Transaction Notes

  • The acquisition of SPL WorldGroup by Oracle was announced on November 3, 2006; financial terms were not disclosed
  • Oracle’s acquisition of SPL (and subsequent rollup of Lodestar) responded to customer demand for complete product offerings providing fully-integrated ERP and CIS, along with additional features and functions including asset management, outage & distribution management and workforce mobility applications
  • The combined comprehensive solution captures the entire transaction flow from meter to bill
  • SPL’s solution set also enabled Oracle to expand the solution into tax revenue management for State and Foreign governments; SPL had recently signed revenue management deals with two foreign governments
  • Oracle faced significant, direct competition from SAP in the utility vertical; the acquisition of industry leader SPL represented a bold investment for Oracle in this market
  • Shea & Company served as the exclusive financial advisor to SPL WorldGroup on the company’s sale to Oracle
Financial terms not disclosed
has been acquired by
Shea & Company served as the exclusive financial advisor to SPL WorldGroup's Board of Directors and management