Oracle buying Micros for $5.3 billion

In an announcement Monday, Oracle is buying hospitality and retail technology vendor Micros Systems for US$5.3 billion.

Oracle President Mark Hurd said in a statement: “We anticipate delivering compelling advantages to companies within the hospitality and retail industries with the acquisition of Micros.”


Micros sells hardware and software used by hotels, restaurants, retailers and other industries to run their operations, from POS (point of sale) systems to back-office applications.

According to a presentation released Monday, the vendors’ combined products will help hospitality and retail companies modernize their operations and take advantage of cloud computing, big data analytics, mobility and social media.