MICROS Systems Bought by Oracle for $5.3 Billion

  • Written By: Ted Rohm
  • Published: June 26 2014



Oracle announced that it has entered into an agreement to acquire MICROS Systems, Inc. for $5.3 billion USD (or $4.6 billion net of MICROS’ cash). MICROS Systems provides integrated software and hardware solutions to the hospitality and retail industries. The acquisition is the largest by Oracle in recent years and demonstrates Oracle’s commitment to capturing a larger share of the hospitality and retail industry business. Per the general presentation on the acquisition, MICROS will operate as a dedicated business unit within the Oracle industry organization.

MICROS Systems, founded in 1977, is deployed at more than 330,000 sites across 180 countries. Its customers include some of the largest names in the hotel, food and beverage, and retail industries. The solutions provided by MICROS support a broad range of needs for these industries from the point-of-sale (POS) systems up to the cloud business suite that manage labor, inventory, reservations, gifts and loyalty programs.

The combination of Oracle and MICROS will provide a more complete and integrated solution for hotel, food and beverage, and retail industries. For hotels, the following depicts how the two providers’ solutions complement each other.



The acquisition makes sense on a number of levels to both companies. Oracle benefits by obtaining deep vertical experience in the hospitality industries from MICROS. MICROS will benefit by being able to leverage all Oracle’s extensive hardware, platform, and software products.

Peter Altabef, President and CEO of MICROS, states that “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. We are very excited about the great opportunities this will create for our customers and employees.”
 
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