Oracle Completes Acquisition of MICROS Systems

Redwood Shores, Calif. – September 8, 2014

Oracle-MicrosThe combination of Oracle and MICROS will help Hotels, Food & Beverage (F&B) and Retail companies transform their businesses and compete more effectively in today’s environment. Oracle will continue its highly successful dedicated business unit model with MICROS by creating a new Hospitality Global Business Unit focused on the Hotel and F&B industry. This new unit will be led by Mike Webster, Oracle’s existing head of the Oracle Retail Global Business Unit.

“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 Mike Webster, Senior Vice President and GM, Oracle Retail and Hospitality. “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.”

More information about this announcement is available at oracle.com/micros