Oracle To Buy Micros As It Targets Retail Market
Oracle’s deal to acquire Micros Systems hits one of three industries targeted by the software giant to reaccelerate its revenue growth. The enterprise software maker on Monday said it’s reached an agreement to acquire Micros Systems (MCRS), a provider of hardware, software and service for hotels, restaurants and retailers, for $5.3 billion, or $68 a share. The pending deal had been reported last week. Oracle (ORCL), the No. 1 database provider,