Oracle Closing In On A $5B Deal To Purchase Micros Systems

Cloud-based computing pioneer Oracle is rumored to be in exclusive talks to purchase Micros Systems for approximately $5 billion, according to sources familiar with the situation reports Bloomberg.

The talks are ongoing, and could still break down without an agreement being reached, but the acquisition does fit into Oracles CEO Larry Ellison’s push for expansion through acquisition, after many quarters of sluggish growth. Oracle’s stock has also recently taken a hit after the company failed to meet analyst projections in Q1 2014.

Micros Systems sells software and services for hotels, restaurants, and retailers, all verticals Oracles are interested in pitching to.

“This would really be an acquisition for their retail arm and it would add another leg to their growth stool as they are more focused on their e-commerce and cloud strategy,” Daniel Ives, an analyst at FBR Capital Markets & Co., told Bloomberg “They haven’t really made a big acquisition in the last few years and they need more fuel in the tank.”

If the deal goes through at the project $5 billion, it would be Oracle’s largest acquisition since it added on Sun Microsystems in 2010 for $5.7 billion. Smaller recent acquisitions include clinical-trial software maker Phase Forward Inc. as well as retailer-software makers ProfitLogic Inc. and Retek Inc.

The Street liked the Oracle-Micros news, Oracle shares were up about 1 percent on the reports yesterday, while Micros was up 15 percent and at points during the day soared as much as 22 percent, their biggest gain since September 1996.

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