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,
Oracle’s move to acquire Micros Systems will boost the enterprise software giant’s move into e-commerce services and give it another avenue to push its software applications, analysts say. Oracle (ORCL) on Monday said it’s agreed to acquire Micros (MCRS), a deal first reported to be in the works by Bloomberg last week. Oracle agreed to pay $5.3 billion, or about $68 a share, to acquire Micros, a maker of software, hardware and point-of-sale
Oracle’s (ORCL) stumble in what is typically a seasonally strong fourth quarter underscores the challenges that lie ahead as the company attempts to complete its transition to the cloud and better compete with rivals that include Workday (WDAY) and Salesforce.com (CRM). Oracle stock was down 6% in morning trading in the stock market today after the company’s earnings and revenue for fiscal Q1, which ended May 31, came up short of expectations. Its