Oracle Buying Micros Systems For $5.3 Billion

Posted by samzenpus on Monday June 23, 2014 @06:06AM from the the-circle-of-business dept.

An anonymous reader writes Oracle is buying hospitality and retail technology vendor Micros Systems for $5.3 billion, in a deal that will be its largest since the purchase of Sun Microsystems in 2010. "Oracle said the acquisition will extend its offerings by combining Micros' industry-specific applications with its business applications, technologies and cloud portfolio. Oracle expects the deal to immediately add to its adjusted earnings. Its stock climbed 18 cents to $41 before the market opened. Micros' board unanimously approved the transaction, which is expected to close in the second half of the year."

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And, of course ... by gstoddart · 2014-06-23 06:11 · Score: 4, Interesting

I'm sure this also gets Oracle access to all of that tasty data, which they can monetize, sell, or otherwise mis-handle.
I also predict a lot of smaller businesses getting completely gouged by their new overlords on their licensing costs. What do you mean I need to buy a Solaris server with a 10 year service plan to get to my existing data?

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1. Re:And, of course ... by gstoddart · 2014-06-23 06:23 · Score: 4, Interesting
  
  Hmmmm ... so, are customers safer with an incompetent company, or a malicious and greedy company?
  It's so hard to keep track these days.
  
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