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Oracle Businesses The Almighty Buck

Oracle Buying Micros Systems For $5.3 Billion 71

Posted by samzenpus
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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Oracle Buying Micros Systems For $5.3 Billion

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  • by Shortguy881 (2883333) on Monday June 23, 2014 @03:14PM (#47299785)
    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.

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