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1Z0-562 - Oracle Utilities Customer Care and Billing 2 Essentials - BrainDump Information

Vendor Name : Oracle
Exam Code : 1Z0-562
Exam Name : Oracle Utilities Customer Care and Billing 2 Essentials
Questions and Answers : 70 Q & A
Updated On : March 15, 2019
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1Z0-562 exam Dumps Source : Oracle Utilities Customer Care and Billing 2 Essentials

Test Code : 1Z0-562
Test Name : Oracle Utilities Customer Care and Billing 2 Essentials
Vendor Name : Oracle
Q&A : 70 Real Questions

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Oracle Oracle Utilities Customer Care

Triniti Consulting effectively Deploys Oracle Utilities Meter statistics administration at Avista Utilities | killexams.com Real Questions and Pass4sure dumps

When asked concerning the partnership with Triniti, vice chairman, Chief tips and protection Officer Jim Kensok had this to claim, "Given Avista's lengthy historical past of innovation, we selected to companion with Triniti as a result of we knew that in order to control this first-of-its-variety implementation, it might require a totally-skilled team. despite the complexities of the mission, it became achieved on time. Equally essential – it has created the core basis for future initiatives. It become one among most successful gigantic mission implementations that we've got ever completed at Avista."  

Mary Silkworth, manager of business techniques, adds, "At Avista, best of provider for our consumers is one of the most vital points of our business. Over the course of our go-reside event, and all through the weeks following go-reside, our carrier exceptional measures remained consistent. truly, our consumers likely certainly not even knew a device of this magnitude was being carried out. It was an amazingly effective go-reside weekend and the whole Avista / Triniti group achieved a fantastic success."

Dan Byrnes, group vice president, Product construction at Oracle, reiterates this element, "it be entertaining to peer the partnership of Triniti and Avista embracing the integrated answer method that we have now been focusing on for a few years. We suppose that this approach will present large price by bettering the customer journey and enabling operational efficiencies for our purchasers. Triniti has placed Avista well to further improvement from our imaginative and prescient." 

To learn extra concerning the success of this task or about Triniti Consulting, contact Triniti at information@triniticonsulting.com.

About Avista Utilities Avista Utilities is worried in the creation, transmission and distribution of power. We give power capabilities and electrical energy to 379,000 purchasers and herbal gasoline to 343,000 purchasers in a carrier territory that covers 30,000 square miles in jap Washington, northern Idaho and constituents of southern and eastern Oregon, with a population of 1.6 million.  Avista Utilities is an operating division of Avista Corp. For more information, please talk over with www.myavista.com.

The Avista emblem is a trademark of Avista enterprise.

About Triniti Triniti Consulting is a girl-owned consulting company that offers business-pushed expertise solutions to address the needs and challenges of the up to date, digital utility. Triniti is composed of notion-leaders who no longer most effective take into account how the trade is constructing nowadays however where it is stepping into the long run. This makes it possible for Triniti to guide utilities within the ideal solutions to meet the most complex business requirements of nowadays, whereas building scalable and adaptable solutions for the longer term. Triniti has wide capabilities and adventure in key industry strategies supported via Oracle Utilities sensible grid solutions, including but no longer restricted to, streamlining meter-to-cash processes, promoting consumer engagement initiatives, and advancing and optimizing distribution automation. Leveraging industry most useful practices, breadth of journey integrating with third birthday party purposes, and in-depth potential of the Oracle Utilities items, Triniti can aid utilities of all sizes exceed brief and future strategic goals. For more information, seek advice from www.triniticonsulting.com

About Oracle PartnerNetwork Oracle PartnerNetwork (OPN) is Oracle's companion software that gives partners with a differentiated potential to enhance, sell and enforce Oracle solutions. OPN presents materials to coach and support specialized potential of Oracle's products and solutions and has advanced to recognize Oracle's becoming product portfolio, associate base and company possibility. Key to the newest enhancements to OPN is the ability for companions to be diagnosed and rewarded for their funding in Oracle Cloud. companions enticing with Oracle might be in a position to differentiate their Oracle Cloud competencies and success with consumers in the course of the OPN Cloud program – an imaginative software that enhances present OPN application tiers with tiers of attention and modern benefits for companions working with Oracle Cloud. To find out extra discuss with: https://www.oracle.com/partners.

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Oracle Utilities consumer Care and Billing With Oracle Exadata Database computer Demonstrates severe performance for Utility invoice Processing | killexams.com Real Questions and Pass4sure dumps

REDWOOD SHORES, CA--(Marketwire -09/13/eleven)- Oracle (NASDAQ: ORCL - news)

information statistics

  • Oracle Utilities client Care and Billing 2.three.1 running with Oracle Exadata Database desktop X2-2 processed an unheard of 16,500 bills per minute or 993,240 expenses per hour.(1) In exams, a typical nighttime's billing run for a utility with a million shoppers -- forty seven,600 expenses -- became processed in 2.87 minutes.
  • The verify used 365 days of historical monetary information for a regular distribution enterprise with a million accounts: eighty p.c residential, 18 p.c business, 2 percent industrial (interval billing).
  • As utilities plan new carrier options and courses including wise grid, responding to emerging consumer and neighborhood wants is a true precedence. Internally, utilities should carry, as an instance, pre-paid utilities services, demand response and near-actual-time entry to consumer information whereas retaining invoice throughput for well timed salary circulation. for this reason, a utility using a monthly billing cycle typically should plan for about 21 in a single day billing runs per 30 days, besides unanticipated delays.
  • testing details

  • The excessive price of throughput changed into viable essentially because of the multiplied enter/output potential in Exadata, which points tremendously tuned and balanced features of computing, storage and networking that adapt and scale predictably. Oracle Utilities customer Care and Billing on Exadata required fewer input/output operations -- only forty eight.5 per invoice on typical, while a non-Exadata server customarily required 73.7.
  • verify results point out abundant room for extra boom (scaling), because the Exadata quarter rack database server with two RAC nodes was utilized less than fifty five p.c at the benchmark level.(2)
  • testing changed into achieved on a quarter rack Oracle Exadata Database computing device X2-2 working Oracle Database 11g and Oracle true application Clusters with Oracle Utilities consumer Care and Billing 2.3.1 on the software tier operating on Oracle's sun fire X4770 server.
  • built the use of business normal hardware components, and clever database and storage software from Oracle, Oracle Exadata Database machine powers the greatest and most vital OLTP and information warehousing applications up to 10x faster than before.
  • aiding Quote

  • "This benchmark demonstrates that Oracle application and hardware systems -- engineered to work collectively, and available today -- can manner hobbies consumer bills in a fraction of the time historically used with the aid of most utilities. it is a primary step towards demonstrating Oracle's advanced means to help utilities deal with the sensible grid's expected 'information deluge,'" mentioned Linda Jackman, neighborhood vice chairman of product administration, Oracle Utilities.
  • supporting materials

    About Oracle Utilities

    Oracle Utilities supplies proven utility purposes that help utilities of every kind and sizes obtain competitive capabilities, enterprise performance excellence and a decrease total cost of know-how possession. Oracle Utilities integrates industry-specific customer care and billing, network administration, work and asset administration, mobile personnel administration and meter information administration applications with the capabilities of Oracle's business-leading business functions, enterprise intelligence tools, middleware, and database applied sciences. The software enables clients to adapt more nimbly to market deregulation, meet ever-evolving consumer demands, and bring on environmental conservation commitments. moreover, Oracle Utilities helps utilities prepare for smart metering and smart grid initiatives that boost effectivity and provide important intelligence metrics that can support power greater-suggested energy and water usage decisions for patrons and groups. For extra suggestions, visit www.oracle.com/goto/utilities.

    About Oracle Exadata

    The Oracle Exadata Database laptop is the best database machine that offers severe efficiency for each facts warehousing and on-line transaction processing (OLTP) functions. It manages more facts on varied compression tiers, improves efficiency of all purposes, and helps agencies make enhanced company choices in true time.

    About Oracle

    Oracle (NASDAQ: ORCL - news) provides the most finished, open, and integrated company utility and hardware techniques on the planet. For greater information about Oracle, discuss with oracle.com.

    Trademark

    Oracle and Java are registered logos of Oracle and/or its associates. different names can be trademarks of their respective house owners.

    (1) "Oracle Utilities consumer Care and Billing 2.three.1 performance Benchmark on Oracle Exadata," Oracle, July 2011.

    (2) "Oracle Utilities client Care and Billing 2.three.1 efficiency Benchmark on Oracle Exadata," Oracle, July 2011.


    UC4 Achieves Oracle Validated Integration With Oracle® Utilities consumer Care & Billing | killexams.com Real Questions and Pass4sure dumps

    source: UC4 application

    UC4 Software

    September sixteen, 2009 14:27 ET

    mixed solution Simplifies Implementations and Automates business tactics

    BELLEVUE, WA--(Marketwire - September sixteen, 2009) - UC4 utility, a number one company of workload automation solutions, these days announced that during the Oracle PartnerNetwork application Integration structure for partners initiative (AIAP), UC4 has successfully achieved Oracle validated integration of UC4 Workload Automation Suite with Oracle® Utilities 2.2. UC4 is currently the only seller that has labored with Oracle Utilities to offer an Oracle validated integration for customer care and billing (CC&B).

    "ensuring error-free billing strategies and first-class client carrier are good priorities for utilities corporations. Oracle Utilities with UC4 helps clear up automation challenges and permits processes to run faster and extra successfully," pointed out Dion Gluck, director, strategic alliances, UC4 application. "As an authorized expertise associate in the Oracle PartnerNetwork, UC4 is still committed to protecting validation with Oracle purposes, and we're excited to currently be the most effective business providing a validated integration for CC&B."

    "achieving validated integration during the Oracle PartnerNetwork application Integration architecture for partners initiative offers customers self belief that the integration between UC4 Workload Automation Suite and Oracle Utilities 2.2 has been validated and the products work collectively as designed," pointed out Mary Arbelaez, senior director, Oracle PartnerNetwork. "this can assist in the reduction of possibility, enhance gadget implementation cycles, and provide for smoother enhancements and easier renovation. Validation via this initiative applies a rigorous technical technique to evaluation the integrations."

    UC4 reduces blunders by means of automating most of the average guide handoffs that turn up all the way through billing and economic tactics. UC4 integrates with the newly released Oracle Utilities customer Care and Billing edition 2.2 and may adapt to its new light-weight automation submission scripts and technology. via its relationship with Oracle, UC4 application developed the answer to increase Oracle's onboard scheduling and automation device and to speed Oracle Utilities customer Care and Billing implementations.

    Oracle Utilities customer Care and Billing jobs and job streams can also be imported into UC4, and as soon as imported, are without difficulty modified to meet the particular wants of a firm. techniques come into view, absolutely auditable and more straightforward to maintain via UC4 and the end-to-end enterprise manner is accelerated. When paired with Oracle Utilities, UC4 can significantly cut automation agenda construction and implementation time, in addition to cut back ongoing protection, resulting in a decrease TCO and quicker ROI.

    As an Oracle associate, UC4 utility also presents proven solutions for Oracle E-business Suite, Oracle Retail, and Oracle's PeopleSoft, JD Edwards, and Siebel options.

    About UC4 application

    UC4 software is the leading issuer of clever service automation solutions that permit businesses to join IT provider delivery with business demand. Combining actual-time intelligence with simply-in-time execution ensures consumers can automate tactics that traverse on-premises, virtualized and cloud computing structures at low risk and value. In extra of 1600 organizations worldwide have confidence in UC4 to automate the mission-critical IT programs that power their business operations. visit www.uc4.com for greater assistance.

    utility Integration structure for companions

    Validation through Oracle PartnerNetwork application Integration architecture for partners gives shoppers self assurance that integrations between Oracle purposes and complementary associate solutions have been validated and the items work together as designed. this may assist in the reduction of chance, enhance device implementation cycles, and supply for smoother upgrades and less difficult upkeep. Validation through this initiative applies a rigorous technical technique to evaluation the integrations of third-birthday celebration software to Oracle applications products, including productized repeatable integrations from equipment integrators. Oracle provides equipment, substances and training to help partners in the integration. partners who've effectively validated their integrations are authorized to use the "integrated with Oracle" emblem. For extra information, please seek advice from Oracle.com at http://www.oracle.com/partnerships/isv/integration/search.html

    concerning the Oracle PartnerNetwork

    Oracle PartnerNetwork is a worldwide business network of more than 20,000 organizations who bring creative utility solutions according to Oracle software. through entry to Oracle's premier products, training, technical functions, marketing and income aid, the Oracle PartnerNetwork program offers partners with the supplies they deserve to be a success in brand new world economic climate. Oracle companions are capable of present their shoppers main-edge solutions backed by Oracle's position because the world's greatest business utility company. partners who are in a position to reveal advanced product expertise, technical capabilities and a dedication to doing business with Oracle qualify for the licensed partner stages. http://oraclepartnernetwork.oracle.com.

    Oracle is a registered trademark of Oracle enterprise and/or its associates.


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    Oracle Utilities Customer Care and Billing 2 Essentials

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    Oracle Utilities Work and Asset Management 1.9.1.2 Helps Utilities Improve Work Planning and Asset Maintenance Assessment Processes | killexams.com real questions and Pass4sure dumps

    REDWOOD SHORES, CA--(Marketwired - Sep 9, 2014) - Oracle ( NYSE : ORCL )

    News Summary Oracle announced the availability of Oracle Utilities Work and Asset Management 1.9.1.2, with new enhancements to help electric, gas, and water utilities achieve greater operational efficiency through streamlined work planning processes and improved enterprise asset management and reliability. The latest release provides utilities with increased visibility into work planning information and enables them to become proactive in tracking, evaluating, and replacing assets to increase enterprise reliability.

    News Facts

  • Oracle announced the availability of Oracle Utilities Work and Asset Management 1.9.1.2, with more than 40 feature enhancements to help utilities improve work planning processes, enterprise asset management (EAM), and assessment capabilities.
  • Oracle Utilities Work and Asset Management 1.9.1.2 enables utilities to streamline their work planning processes to support a continuous cycle of improvement for job plans to mitigate job delays and wasted time, which has a direct correlation to increased wrench time and asset reliability. 
  • Enhancements within the Oracle Utilities Work and Asset Management failure mode and effects analysis tool include both preventive maintenance plans and corrective action work templates, allowing utilities to identify what failures their preventive maintenance program is attempting to mitigate as well as to identify the corrective action to take when a specific type of failure occurs. Additionally, the Oracle tool allows users to associate failures to specific components within an asset to ensure utilities can document and develop more comprehensive maintenance strategies.
  • Oracle Utilities Work and Asset Management 1.9.1.2 also offers enhanced asset condition assessment functionality to better support capital planning. Utilities can now automatically calculate a total asset condition score based on multiple and varied inspection assessments to give a more accurate picture of an asset's health and life expectancy (for example, calculating how much more quickly an asset will fail in a highly corrosive environment). In addition, utilities can automatically derive a "Confidence Rating" based on the age of the condition assessments performed within the system. These new features combine to help utilities better track, evaluate, and make informed asset-repair or -replace decisions.
  • Supporting Quotes

  • "Oracle worked closely with Veolia to develop enhancements that ensure Oracle Utilities Work and Asset Management 1.9.1.2 supports best business practices for maintenance planning and scheduling. An advanced EAM solution needs to effectively support an environment where it is easy to continually improve job plans. The new update contains significant enhancements that support a structured cycle of improvement for job plans, including the ability to locate work order templates associated to like assets based on shared bill-of-material records, and the ability to link both preventive maintenance plans and corrective action work templates to equipment class and type failure modes," said Robert Dannenberg, manager, EAM Application Services, Veolia Water.
  • "Oracle and Seattle City Light worked together to identify where we could gain efficiencies in the work planning process related to the installation of mass assets for new or replacement services. The new Oracle Utilities Work and Asset Management features automate the process of adding hundreds of assets to the same work order task, which reduces the time we spend on routine activities so our planners can concentrate on planning critical work," said Lesley Wilson, senior business analyst, Information Technology Services Division, Seattle City Light.
  • "The Oracle team is doing great things with its Oracle Utilities Work and Asset Management system. The more I see planning as all about continually improving work plans, I see Oracle continually improving Oracle Utilities Work and Asset Management to allow that to happen. The latest release, 1.9.1.2, helps planners to register their job plans better against assets so they can record issues of the past to guard against issues in the future," said Doc Palmer, founder of Richard Palmer & Associates and author of the bestselling Maintenance Planning & Scheduling Handbook.
  • "Today's electric, gas, and water utilities are recognizing the need to approach work planning and asset management with end-to-end visibility and control. Oracle Utilities Work and Asset Management 1.9.1.2 helps utilities meet those objectives by enabling them to simplify the work planning process, improve job scheduling, and enhance both short-term and long-term asset maintenance decisions. Further, it helps improve employee productivity and reduce costs. Ultimately, the latest release enables utilities to improve service through work planning and asset optimization," said Rodger Smith, senior vice president and general manager, Oracle Utilities.
  • Supporting Resources

    About Oracle Utilities Oracle Utilities delivers proven software applications that help utilities of all types and sizes achieve competitive advantage, business performance excellence, and a lower total cost of technology ownership. Oracle Utilities integrates industry-specific customer care and billing, network management, work and asset management, mobile workforce management, and meter data management applications with the capabilities of Oracle's industry-leading enterprise applications, business intelligence tools, middleware, database technologies, and server and storage systems. The software enables customers to adapt more nimbly to market deregulation, meet ever-evolving customer demands, and deliver on environmental conservation commitments. Additionally, Oracle Utilities helps utilities prepare for smart metering and smart grid initiatives that enhance efficiency and provide critical intelligence metrics that can help drive more-informed energy and water usage decisions for consumers and businesses. For more information, visit www.oracle.com/goto/utilities.

    About Oracle Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle ( NYSE : ORCL ), visit www.oracle.com.

    Trademark Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.


    Baltimore Gas and Electric Company Teams with Accenture and Oracle For Smart Meter Implementation Throughout Central Maryland | killexams.com real questions and Pass4sure dumps

    BALTIMORE; Sept. 20, 2010 -- Baltimore Gas and Electric (BGE), a subsidiary of Constellation Energy (NYSE: CEG), has teamed with Accenture (NYSE: ACN) and Oracle to implement a smart meter network for its 1.2 million customers. The planned implementation is part of BGE’s smart grid initiative that aims to reduce peak electricity demand, increase customer service and enhance operational performance.  Smart grid will provide customers with detailed information regarding energy consumption and cost, and will deliver data that will enable BGE to enhance the performance of its distribution network. Combined with BGE’s energy efficiency and demand response initiatives, smart grid will help the state of Maryland, under EmPOWER Maryland, achieve its goal of a 15 percent reduction in total system demand by 2015. 

    “BGE is pleased to partner with both Accenture and Oracle - two premier companies - that will enable us to deliver the significant transformational benefits of smart grid to each of our 1.2 million customers,” said Kenneth W. DeFontes, president and chief executive officer of BGE. “Those benefits include at least $2.5 billion worth of savings for BGE customers over the life of the project, as well as major new enhancements in customer service and reliability. Accenture’s experience in intelligent networks and Oracle’s in software, positions BGE to make those transformational benefits a reality.” 

    Accenture will provide systems integration services including the design, build and management of a customer web portal, meter data management system, advanced metering infrastructure (AMI), and integration related to BGE’s customer care and billing and outage management systems. Accenture also will provide project management support through planning, execution, field deployment and change management activities.   

    BGE’s smart meter network will leverage Oracle’s utilities meter data management system to help manage and analyze high volumes of meter data more effectively while providing customers with detailed energy usage data, which is expected to result in decreased peak energy consumption and electric bills. BGE also plans to integrate the meter data management system with its existing Oracle utilities network (outage) management system to enhance outage management processes with near real-time outage and restoration verification capabilities. 

    Stu Solomon, senior executive in Accenture’s Utilities industry group, said, “BGE, as an industry leader, is committed to transforming its business and network to better serve its customers, strengthen its workforce, and comply with regulatory requirements. The U.S. Department of Energy, through the Smart Grid program, has granted BGE a unique opportunity to further enhance its infrastructure so that its customers can benefit from enhanced reliability, reduced costs, and greater control of their home energy usage. Accenture is committed to helping BGE leverage the power of intelligent networks and build a grid of the future so that utility customers in Central Maryland can realize the benefits envisioned by BGE and regulatory authorities.” 

    Stephan Scholl, senior vice president and general manager for Oracle Utilities said, “We’re pleased to team with Accenture to deliver tangible business value to BGE and its smart grid initiatives. BGE’s investment in several Oracle Utilities products validates the comprehensive smart grid choice we offer to the industry.” 

    As part of its implementation of smart grid, BGE plans to be one of the first utilities in the nation to offer smart energy pricing, whereby customers can earn rebates for reducing electricity usage during peak times of the day. In 2008 and 2009 respectively, BGE, with the support of Accenture, conducted two smart energy pricing pilots during which participating households reduced peak energy consumption ranging from 22 percent to 37 percent. BGE estimates reduction in energy usage will ease the need for future power generation plants and other capacity upgrades which will reduce costs for BGE and its customers. 

    About BGE

    BGE, www.bge.com, headquartered in Baltimore, is Maryland’s largest gas and electric utility, delivering power to more than 1.2 million electric customers and more than 640,000 natural gas customers in Central Maryland. The company’s approximately 3,000 employees are committed to the safe and reliable delivery of gas and electricity, as well as enhanced energy management, conservation, environmental stewardship and community assistance. BGE is a wholly-owned subsidiary of Constellation Energy, www.constellation.com, a FORTUNE 125 company also headquartered in Baltimore with subsidiaries that generate, sell and deliver energy and provide other energy-related services to customers throughout North America.

    About Accenture

    Accenture is a global management consulting, technology services and outsourcing company, with more than 190,000 people serving clients in more than 120 countries.  Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments.  The company generated net revenues of US$21.58 billion for the fiscal year ended Aug. 31, 2009.  Its home page is www.accenture.com.

     

    About Oracle

    Oracle (NASDAQ: ORCL) provides the most complete, open, and integrated business software and hardware systems in the world. For more information about Oracle, visit oracle.com.

     

     

    TrademarkOracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

    About Oracle Utilities

    Oracle Utilities delivers proven software applications that help utilities of all types and sizes achieve competitive advantage, business performance excellence and a lower total cost of technology ownership. Oracle Utilities integrates industry-specific customer care and billing, network management, work and asset management, mobile workforce management and meter data management applications with the capabilities of Oracle’s industry-leading enterprise applications, business intelligence tools, middleware and database technologies. The software enables customers to adapt more nimbly to market deregulation, meet ever-evolving customer demands and deliver on environmental conservation commitments. Additionally, Oracle Utilities helps utilities prepare for smart metering and smart grid initiatives that enhance efficiency and provide critical intelligence metrics that can help drive more-informed energy and water usage decisions for consumers and businesses. For more information, visit www.oracle.com/goto/utilities.

    Contact

     

    Matthew McGuinness

    Accenture

    + 44 77 400 38921

    Christine Yee Fields

    Accenture

    +1 330 234 6406


    Robbins Arroyo LLP: Acquisition of Opower, Inc. (OPWR) by Oracle Corporation (ORCL) May Not Be in Shareholders' Best Interests | killexams.com real questions and Pass4sure dumps

    SAN DIEGO & ARLINGTON, Va.--(BUSINESS WIRE)--Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Opower, Inc. (NYSE: OPWR) by Oracle Corporation (NYSE: ORCL). On May 2, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Oracle will acquire Opower. Under the terms of the agreement, Opower shareholders will receive $10.30 in cash for each share of Opower common stock.

    View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/opower-inc

    Is the Proposed Acquisition Best for Opower and Its Shareholders?

    Robbins Arroyo LLP's investigation focuses on whether the board of directors at Opower is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.

    As an initial matter, the $10.30 merger consideration represents a premium of only 30.4% based on Opower's closing price on April 29, 2016. This premium is below the average one day premium of 37.6% for comparable transactions within the past five years. Further, the $10.30 merger consideration is below the target price of $11.50 set by an analyst at Cowen on March 1, 2016. In the last three years, Opower traded as high as $26.00 on April 4, 2014, and most recently traded above the merger consideration – at $10.41 – on January 6, 2016.

    On February 29, 2016, Opower reported strong earnings results for its fourth quarter and full year 2015. Total revenue for the fourth quarter of 2015 was $40.5 million, an increase of 16% from the comparable period in 2014. Large, long-term contracts signed in 2015 increased Opower’s backlog to $480 million as of the end of 2015, nearly double what it was at the end of 2014. Opower also successfully launched a series of new products including NextWeb and Bill Advisor; and completed the rollout of its software platform. Opower beat consensus analyst estimates for revenue and adjusted net income in last four quarters. In commenting on these results, Opower Chief Executive Officer Dan Yates remarked, "2015 was a strong year for Opower. We renewed and expanded contracts with our three largest clients - Pacific Gas and Electric (PG&E), National Grid, and Exelon - and added significant new clients including Con Edison in New York and a major European utility, each of which signed in Q4. We’re seeing great traction with our Customer Care offerings – Digital Engagement and Bill Advisor. We now have an expanded product set that qualifies us to address an even wider variety of utility challenges."

    In light of these facts, Robbins Arroyo LLP is examining Opower's board of directors' decision to sell the company now rather than allow shareholders to continue to participate in the company's continued success and future growth prospects.

    Opower shareholders have the option to file a class action lawsuit to ensure the board of directors obtains the best possible price for shareholders and the disclosure of material information. Opower shareholders interested in information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, ddonahue@robbinsarroyo.com, or via the shareholder information form on the firm's websiteOP.

    Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

    Attorney Advertising. Past results do not guarantee a similar outcome.



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