Report: Oracle Corporation (ORCL) near deal to acquire MICROS Systems, Inc. (MCRS) for over $5 billion
Oracle Corporation (NYSE:ORCL) is reportedly near a deal to acquire MICROS Systems, Inc. (NASDAQ:MCRS) for more than $5 billion, according to sources with Bloomberg.
Oracle chief executive officer Larry Ellison is looking for ways to fight slower growth at the company and is adding software for hotels and restaurants. The two companies may fail to reach an agreement.
Oracle reported 10 quarters of slow sales growth and the company was slow to the market for cloud-based software. Micros is a Columbia, Maryland based company that sells software for hotels, restaurants, and retailers. Oracle nearly acquired Micros around six years ago too.
At that time, Micros Chairman Tom Giannopoulos flew from Maryland to California to sign a deal, but the deal fell through at the last minute.
In the past 10 years, Oracle spent around $50 billion to acquire around 100 companies. More than 20 of those were geared towards specific industries, including Phase Forward Inc., a clinical-trial software company.
This acquisition would be Oracle’s last acquisition since taking over Sun Microsystems in 2009.