Oracle Buys Micros Systems for $5.3 Billion

Share this content:

Looks to spark growth in the hospitality industry with its biggest acquisition in five years.

Carving verticals out of the marketing cloud?
Carving verticals out of the marketing cloud?
 

Oracle Corp. announced yesterday it had entered into an agreement to acquire Micros Systems, a maker of point-of-sale and cloud-based customer engagement systems for hotels, QSRs, casinos, convenience stores, and cruise ships. It's Oracle's biggest deal since buying Sun Microsystems for $5.6 billion in 2009.

With Adobe, Salesforce, and IBM all competing aggressively in the marketing cloud space, Oracle may be looking to carve out vertical-specific territory to give it an edge and maintain some pricing authority.

“Micros has been focused on helping the world's leading brands in our target markets since we were founded in 1977,” said Micros CEO Peter Altabef in a release announcing the deal. “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.”

In addition to supplying POS systems, Micros provides its hospitality customers with business intelligence, e-commerce systems, CRM, loyalty programs, and merchandise planning solutions. Its service stack includes interactive marketing, strategic business consulting, and design services.

Oracle EVP Bob Weiler noted that Micros management and employees will be integrated with the company as a dedicated business unit.

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above