MICROS Systems, a provider of integrated software and hardware solutions for the hospitality and retail industries, has been purchased by Oracle for approximately $5.3 billion.
In a company press release, Oracle President Mike Hurd stated, "Oracle has successfully helped customers across multiple industries harness the power of cloud, mobile, social, big data and the internet of things to transform their businesses. We anticipate delivering compelling advantages to companies within the Hospitality and Retail industries with the acquisition of MICROS.”
The press release went on to state that "[t]he addition of MICROS extends Oracle’s offerings in industries by combining MICROS’ industry specific applications with Oracle’s business applications, technologies and cloud portfolio. Together, Oracle and MICROS will help hotels, food & beverage facilities, and retailers to accelerate innovation, transform their businesses, and delight customers with complete, open and integrated solutions."
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