Tech giant Oracle announced that it has bought hospitality software company MICROS Systems for a cool $5.3 billion. According to a press release, the two companies are merging in an effort to combine "MICROS' industry specific applications with Oracle's business applications, technologies, and cloud portfolio" in restaurants and hotels. The Wall Street Journal writes that this move signals Oracle's interest in "grabbing a bigger foothold in the retail and hospitality industries."
MICROS is known for its "point of sale" systems used in restaurants across the globe. According to another press release, the company's software programs are used across "330,000 customer sites in 180 countries." The news comes hot on the heals of another company entering into a multibillion dollar acquisition in hopes of expanding its foothold in the food world: Travel reservations site Priceline announced that it would purchase restaurant reservation site OpenTable for $2.6 billion dollars earlier this month.
· Oracle Buys MICROS Systems [Oracle]
· Oracle and MICROS Systems [MICROS]
· Oracle Poised to Seal $5 Billion Deal for Micros Systems [WSJ]
· All Acquisitions Coverage on Eater [-E-]