Business software giant Oracle said Monday it was buying rival Micros Systems for $5.3 billion in a deal to expand its big data efforts in key retail sectors. The acquisition is the biggest for Oracle since buying Sun Microsystems in a deal announced in 2009 and closed in 2010.
The all-cash takeover comes from Oracle's $39 billion cash stockpile and comes after the software giant founded by Larry Ellison produced disappointing results over the past quarter.
Raimo Lenschow at Barclays said the deal "is a net positive for Oracle," by boosting its presence in the retail market - particularly for advanced retail terminals using embedded chips for greater security.
Comments
Comments are closed.