Database giant Oracle today announced it will acquire hospitality and retail technology vendor MICROS Systems in a $5.3 billion deal aimed at bolstering Oracle’s enterprise cloud portfolio. Expected to close in the second half of 2014, the MICROS System deal
will mark Oracle’s largest acquisition since its $7.4 billion swoop for Sun Microsystems back in January 2010. MICROS Systems, which is based in Maryland, offers cloud-based, mobile and on-premise solutions to manage hotels, retailers, and food and beverage operations. Oracle said the addition of MICROS extends Oracle’s offerings in the hospitality and retail industries by combining Oracle’s business applications and cloud portfolio with MICROS’ industry-specific applications.
MICROS Systems’ solutions include point-of-sale, property management, central systems, business intelligence, e-commerce, distributed order management and labor management applications. The company boasts a huge customer base; it says its products are used by more than 567,000 businesses in 180 countries including hotels, casinos, retail stores and travel agencies. Peter Altabef, President and CEO of MICROS Systems, said that being acquired by Oracle will “help accelerate…customers’ ability to…differentiate their businesses” by utilizing Oracle’s technologies and cloud solutions.