Oracle announced its intent to acquire MICROS Systems, Inc., a provider of integrated software and hardware solutions to the hospitality and retail industries, for approximately $5.3 billion in cash (or $4.6 billion net of MICROS’ cash on hand). While skeptics might see this move as Oracle throwing money at its sluggish growth problem, Oracle must see some value in MICROS’ target industries.
ncr realpos 7167
it more competitive against NCR, Verifone, PAR, Epicor , and others. In addition, MICROS’ install base in hospitality can now enable Oracle to compete with Infor Hospitality (former SoftBrands ), Epicor iScala , and other competitors. MICROS’ employees will form a dedicated industry business unit within Oracle. Like in other industries that it targets (e.g., energy, financial institutions, healthcare, etc.), Oracle plans to cross-sell its own cloud, mobile, social, big data, and the internet of