Oracle sets sights on cloud push into retail and hotel sectors
Wed 25 Jun 2014
Tech giant Oracles’s acquisition of retail and hotel systems business Micros Systems could kick off a new drive for the major’s cloud business in to these vertical sectors.
The deal, valued at about $5.3bn and Oracle’s largest since its $7.4 billion acquisition of Sun Microsystems in 2010, has been broadly welcomed by the financial community for reducing Oracle’s cash pile and generating new profitable revenue streams. But there was some disappointment that the money hadn’t been spent on a more specific cloud or software-as-a-service venture.
Micros Systems is an Oracle database reseller which builds and supports internet-connected cash registers and hotel management systems. And, so, while this may not be a specific cloud purchase, Oracle still has ambitions to push its multi-tenanted database solution in the sector by bringing the Micros software business into the cloud.
In a printed statement on the deal’s completion Micros’s president and CEO Peter Altabef said: “In combination with Oracle, we expect to help accelerate our customers’ ability to innovate and differentiate their businesses by utilising Oracle’s technologies, cloud solutions, and scale.”
This is a sentiment endorsed by Oracle’s President, Mark Hurd: “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. We anticipate delivering compelling advantages to companies within the Hospitality and Retail industries with the acquisition of Micros.”