Oracle and MICROS: A Compelling Combination
On June 23, 2014, Oracle announced that it had entered into a definitive agreement to acquire MICROS Systems, Inc. (NASDAQ: MCRS), a provider of integrated software and hardware solutions to the Hospitality and Retail industries.
“MICROS has been focused on helping the world’s leading brands in our target markets since we were founded in 1977, including running more than 330,000 sites across 180 countries today,” said Peter Altabef, President and CEO of MICROS Systems, Inc.
Oracle plans to invest in research and development of industry applications, as well as accelerate investments in products and services. According to Oracle announcements, the combination of Oracle and MICROS will help hospitality and retail companies to accelerate innovation, transform their businesses, and delight customers.
“Oracle has successfully helped customers across multiple industries, harness the power of cloud, mobile, social, big data and the internet of things to transform their businesses,” said Oracle President Mark Hurd.
With the expansion of MICROS, Oracle will expand its top-line income and have new opportunities to cross-sell products to the MICROS customers. Given that many hotel and restaurant networks are looking to replace aging systems, there is also opportunity for new clients.
Oracle is committed to protecting and enhancing customer investments in MICROS solutions. MICROS’ management and employees will form a dedicated business within Oracle, which will be run by Mike Webster, who is currently head of Oracle’s retail business unit. The new business unit will be focused on hotels, food and beverage, and retailers. “Our customers will appreciate our deep domain expertise across both retail and hospitality as we deliver mission-critical solutions to solve our customers’ most important business initiatives,” Webster said.
Webster continued, “Together, Oracle and MICROS will help Hospitality and Retail companies respond to rapidly evolving customer expectations, increase revenue, and drive operational improvements with complete, open and integrated solutions.”
Oracle and MICROS together are a compelling combination that offer complementary offerings and solutions. At CREDO, we believe that the synergy created by the acquisition and the focus of the MICROS dedicated business unit within Oracle will truly benefit clients in retail and hospitality. We look forward to working with both Oracle and MICROS customers to ensure IT project success.
CREDO Technology Solutions is an Oracle GOLD Partner, and our delivery assurance experts are authorized to provide IT consulting services to both Oracle and MICROS clients.
President, CREDO Technology Solutions