Hello, Guest!

Report: Oracle Moves Closer to $5B Acquisition of POS Tech Firm Micros Systems


acquisitionOracle (NASDAQ: ORCL) is close to sealing a $5 billion deal to purchase Maryland-based retail and hospitality business software maker Micros Systems, Reuters reported Monday.

Reuters reports the transaction could be unveiled as early as Monday and would mark the largest for Oracle since its $5.6 billion acquisition of Sun Microsystems in 2009.

Oracle has been buying other technology firms as part of a cloud computing market push, according to Reuters.

Micros Systems develops point-of-sale systems for hotels, restaurants and other enterprise customers.

Video of the Day

Related Articles