Slashdot Mirror

← Back to Stories (view on slashdot.org)

Oracle Buying Micros Systems For $5.3 Billion

Posted by samzenpus on 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."

6 of 71 comments (clear)

  1. Gold Finger by Anonymous Coward · · Score: 5, Funny

    Oracle is like the gold finger, everything they touch turns to gold and dies

    1. Re:Gold Finger by drinkypoo · · Score: 3, Insightful

      I just have to wonder, honestly, how they're still in business.

      They have arguably the best RDBMS in the business, they have fat stacks of government contracts, and they obviously have an incredibly effective sales team. Seems like they actually have a lot going for them to me, even if they are horrible in every other way. Government customers don't give a shit about software freedom, or any other kind of freedom. Not this government, anyway.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  2. And, of course ... by gstoddart · · 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?

    --
    Lost at C:>. Found at C.
    1. Re:And, of course ... by gstoddart · · 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.

      --
      Lost at C:>. Found at C.
    2. Re:And, of course ... by Shortguy881 · · Score: 3, Informative

      Having worked directly with both of these companies, micros as a competing point of sale company and oracle as a base infrastructure for a telcom company, I can say both charge roughly the same for hourly support. On one hand, we still own all data that goes through oracle systems while micros owns the data on their point of sales computers. If you switch pos companies, you lose access to all historical data.

      --
      Brilliance without wisdom, power without conscience. Ours is a world of nuclear giants and ethical infants.
  3. Pretty obvious what happened here. by squiggleslash · · Score: 4, Funny

    Let me guess. Larry Ellison got an SMS a few days ago saying

    Good news Dear Leader, I have discovered that for only $5.3B we can buy Micros

    and he thought the message was truncated?

    --
    You are not alone. This is not normal. None of this is normal.