Bloomberg reports Oracle (ORCL +0.9%) is close to buying leading point-of-sale hardware/software vendor Micros (MCRS +17.6%) for ~$5B.
Micros has soared on the report; its market cap is currently at $5.05B. Peers NCR (NCR +3.4%), VeriFone (PAY +2.2%), and PAR Technology (PAR +4.6%) are also up. Oracle has ticked higher.
If the report holds, Oracle will be paying ~24x FY15E (ends June '15) EPS. Micros has a long list of retail/hospitality industry clients that Oracle could offer integrated CRM hardware/software solutions to.
IBM and SAP have each shown an interest in growing software sales to retailers. However, Big Blue sold its POS hardware business to Toshiba in 2012.
|Jun. 17, 2014, 12:05 PM|4 Comments
Apr. 16, 2012, 1:32 PM
IBM plans to sell its point-of-sale (POS) terminal business to Toshiba (TOSBA.PK) for ¥70B ($870M), according to Nikkei Business, with Toshiba looking to finish the deal by summer. A sale could be a positive for rival POS hardware vendors NCR, Micros (MCRS), and Verifone (PAY).