Oracle pays US$5.3b for Micros
Print Edition
ORACLE yesterday said it would buy Micros Systems for US$5.3 billion as the world’s No. 2 business software maker aims to lift flagging growth via acquisitions.
The purchase of Micros, which makes point-of-sale hardware and software for restaurants and hotels, is the first multi-billion dollar acquisition by Oracle Corp in five years and follows disappointing fourth-quarter results.
Analysts said the acquisition could be first in a string of deals for Oracle, which has been stung by aggressive pricing by companies such as Salesforce.com Inc and Workday Inc for their software and Internet-based products.
“We view this morning’s Micros deal as just the start of what we expect will be a surge of M&A activity for Oracle over the coming year,” FBR Capital Markets analyst Daniel Ives wrote.
“It is clear to us that the company needs to quickly put more ‘growth fuel in its engine’ to catalyze growth in the top-line,” Ives said.
Micros is Oracle’s largest acquisition since its US$5.6 billion purchase of Sun Microsystems in 2009.
(Reuters)
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