Oracle Closes Buy of MICROS Systems; Mike Webster Comments

acquisitionOracle Corp. (NYSE: ORCL) has established a new hospitality global business unit after the company completed the acquisition of MICROS Systems (NASDAQ: MCRS) for an undisclosed amount.

Mike Webster, senior vice president and general manager of Oracle retail and hospitality sector, will lead the newly formed business unit, the company said Monday.

“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, ” said Webster.

“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, ” he added.

 

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