Oracle's $5 BEEELLION acquisition zeppelin looms over Micros Systems
Report: Database giant in 'exclusive talks' with hotel and retail thingummy vendor
Database and software megafirm Oracle is mulling a multi-billion-dollar acquisition of hospitality and retail tech vendor Micros Systems.
The two companies are currently in "exclusive talks" about Oracle buying the company for over $5bn, Bloomberg reported on Tuesday.
Such an acquisition would help Oracle combat the slowdown in its main hardware and database divisions by giving the a significant inroad into a lucrative set of customers.
Micros Systems is a sort of one-stop tech consultancy and provider for the entertainment and services sectors.
"All our solutions, including integrated front office, back office, central and web-based solutions, are designed to optimize and streamline workflows, improve customer service, and increase the bottom line," the company explains on its website. "We invest heavily in the development of new interfaces to enable direct interaction and communication with the guest through several channels, such as apps, internet, IPTV, call centers and kiosks."
By acquiring the company, Oracle would be able to up-sell Micros Systems customers onto Oracle-designed databases and hardware to support their mammoth quantities of data, we reckon. It would also appear to give the company a ready-made set of technologies primed for internet-of-stuff applications, such as hospitality software that uses intelligent devices scattered throughout a resort to make recommendations to customers.
The acquisition would be Oracle's largest since its whopping $5.7bn buy of Sun Microsystems in 2009, according to Bloomberg. It would also follow other Oracle buys that targeted specific industries, such as its $871m acquisition of marketing tech specialist Eloqua in December 2012.
At the time of writing neither Oracle or Micros Systems had responded to Reg requests for further information. ®
Sponsored: VersaStack at-a-glance brochure