Oracle buying hospitality, retail tech vendor Micros for $5.3 billion

The deal will give Oracle major penetration into the retail and hospitality industries

Oracle is buying hospitality and retail technology vendor Micros Systems for US$5.3 billion, in a deal that will be its largest since the purchase of Sun Microsystems in 2010.

The announcement Monday follows previous reports of Oracle's interest in Micros. The deal has been approved by the boards of both companies and is expected to close this year. Net of Micros' cash, the transaction is worth $4.6 billion, according to Oracle. Oracle bought Sun for $7.4 billion, for a deal value of $5.6 billion net of cash and debt.

"We anticipate delivering compelling advantages to companies within the hospitality and retail industries with the acquisition of Micros," Oracle President Mark Hurd said in a statement.

Micros sells hardware and software used by hotels, restaurants, retailers and other industries to run their operations, from POS (point of sale) systems to back-office applications. Its products are installed at hundreds of thousands of locations around the world. Micros has 6,600 employees and logged $1.27 billion in revenue in its last fiscal year.

It may be easier for Oracle to weave Micros into the mix compared to some of its other acquisitions, given that Micros' has built products using Oracle technology.

The vendors' combined products will help hospitality and retail companies modernize their operations and take advantage of cloud computing, big data analytics, mobility and social media, according to a presentation released Monday.

Micros should also fit into Oracle's broader customer experience push, which incorporates its CRM (customer relationship management), marketing and support software.

Salesforce.com and SAP, among others, are pursuing similar strategies. Oracle's move could spark acquisitions of or expanded partnerships with Micros competitors, which include NCR, Par Technology and Posera-HDX.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags enterprise resource planningMergers and acquisitionsOraclebusiness issuessoftwareapplicationsCustomer Relationship Managementhardware systemsindustry verticalsMicros

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Essentials

Mobile

Exec

Budget

TerraCycle Zero Waste Box Pens and Markers Small

Learn more >

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?