Oracle has acquired integrated software and hardware solutions provider MICROS for about $5.3 billion. Columbia, Maryland-based MICROS provides hospitality and retail industries with on-site or hosted end-to-end integrated hardware, software and services. Its industry specific applications will compliment Oracle’s business applications, technologies and cloud portfolio.
This is the largest deal in Oracle's acquisitions strategy since it bought Sun Microsystems in 2010 for $7.4 billion.
"MICROS has been focused on helping the world’s leading brands in our target markets since we were founded in 1977, including running more than 330,000 sites across 180 countries today," said Peter Altabef, president and CEO of MICROS. "In combination with Oracle, we expect to help accelerate our customers’ ability to innovate and differentiate their businesses by utilizing Oracle’s technologies, cloud solutions and scale."
MICROS solutions deployed at many hotel, food and beverage and retail sites around the world surely overlap with Oracle installations in many cases. Bringing MICROS software and services into the Oracle suite of vertical solutions will enhance its offerings and installed client base for those industries and will allow MICROS to continue expansion of cloud-based solutions and increase research and development efforts.
“Oracle has successfully helped customers across multiple industries, harness the power of cloud, mobile, social, Big Data and the Internet of things to transform their businesses,” said Oracle President Mark Hurd. “We anticipate delivering compelling advantages to companies within the hospitality and retail industries with the acquisition of MICROS.”