Press Release May 02, 2016

Opower to Be Acquired by Oracle for $532 Million

Enterprise software company Opower (NYSE: OPWR) announced today that it will be acquired by cloud services provider Oracle (NYSE: ORCL) for $10.30 per share in cash, for a total deal value of approximately $532 million, net of Opower’s cash. Goodwin is representing Opower in the transaction, which is expected to close in 2016 subject to certain regulatory approvals and other customary closing conditions.

Opower’s solutions enable over 100 global utilities, such as PG&E, Exelon and National Grid, to deliver a modern digital customer experience.

With more than 420,000 customers and deployments in more than 145 countries, Oracle offers a comprehensive and fully integrated stack of cloud applications, platform services and engineered systems.

Goodwin previously represented Opower when it went public in April 2014 and has represented the company on a number of corporate matters since 2013.

The Goodwin team advising Opower in its acquisition by Oracle is led by partners Stuart CableRick Kline and Andrew Goodman, and includes partner Lynda Galligan and associate Lillian Kim.

To learn more, read Opower’s announcement.