Oracle in acquisition talks with hospitality software maker Micros Systems
Recent reports suggest Oracle is in advanced talks over an $5 billion acquisition deal with hospitality software maker Micros Systems.
Micros specialises in developing software and hardware for the hospitality industries offering analytics software, customer-relationship management software, and inventory-tracking software to hotels, restaurants, casinos, retailers, cruise lines and other industries for managing operations.
According to a report from Bloomberg, citing people familiar with the matter, the duo is currently in exclusive talks, but there are even chances of the proposed agreement getting shelved. However, Oracle and Micros have not yet commented on the report.
If the report turns out to be true, Micros Systems would be Oracle’s largest acquisition since it bagged Sun Microsystems in 2010 for $5.7 billion. The acquisition would aid Oracle combat sluggish growth in its main hardware and database divisions by giving it a significant boost.
The company has also reportedly reorganized its sales team to compete with leading rivals including Salesforce.com Inc, SAP AG and Workday Inc.
The report comes in time when Oracle is set to announce its fourth-quarter and year-end results on June 19.
Oracle has recently been in an acquisition spree, scooping up companies including BlueKai -marketing data company, Responsys – business-to-consumer marketing software company, Corente – networking software company, BigMachines – configure-price-quote software provider, and Compendium – content-marketing provider.
Micros shares were up 16 percent at $67.10 in early afternoon trading on the Nasdaq. Oracle shares were up 1 percent at $42.61.