Oracle has bought Micros Systems, that maker of point-of-sale hardware and software tools for retailers, hotel companies, and other businesses.
At $5.3 billion, it’s a big buy for Oracle — the biggest, in fact, since the 2010 Sun Microsystems acquisition, catapulting Oracle into the hardware business and diversifying it beyond legacy database software.
Today’s deal — which comes out to $68 per share in Micros stock, according to Oracle’s announcement — should have a similar diversifying effect. The deal adds gear and software to Oracle’s lineup for hospitality and retail industries. And Micros could fit in nicely with Oracle’s focus on cloud computing; Micros has made “strong momentum in cloud solutions,” according to a slide deck on the deal.
The acquisition didn’t come out of nowhere, as reports emerged about an Oracle-Micros deal last week.
Micros products and services operate at Hard Rock Café, Hyatt, Ikea, Marriott, Starbucks, and Sur La Table locations.
In addition to point-of-sale hardware and software, Micros sells analytics software, customer-relationship management software, and inventory-tracking software.
Micros, based in Baltimore, started in 1977 and hit public markets in 1981.
MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide. Over 330,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, leisure and... read more »
Oracle is the gold standard for database technology and applications in enterprises throughout the world. The company is the world's leading supplier of information management software and the world's second largest independent softwar... read more »
Powered by VBProfiles