The European Commission has approved Oracle's planned acquisition of Micros Systems, meaning the deal will go ahead if Micros shareholders accept the $5.3bn offer.
Oracle's offer for outstanding Micros shares is scheduled to expire at 5am BST on 3 September. A majority of shareholders will need to accept Oracle's offer of $68 per share in cash for the deal to go through.
Oracle revealed its intentions to acquire Micros in June. The move is a bid to strengthen its offerings in the retail and hospitality space, and further demonstrates its commitment to the cloud.
The firms said at the time that the deal will see Micros applications aimed at businesses in the retail and hospitality space combined with Oracle’s enterprise apps and cloud portfolio.
Although Micros is not a software-as-a-service (SaaS) or cloud specialist, its products are already available via hosting, and Oracle will be able to integrate and sell them via its own cloud platform, no doubt a key part of the attraction for the purchase.
Micros chief executive 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.”
The Micros board agreed the transaction at a price of $68 per share in cash, worth around $5.3bn, or $4.6bn net of Micros cash. Oracle said Micros will operate as a separate unit within the wider organisation after this point.
Oracle is a serial acquirer and has forked out some high figures over the years, including $1.7bn for networking firm Acme Packet in 2013, and $2bn for talent-management specialist Taleo in 2012. However, the Micros deal is Oracle's largest since it acquired Sun Microsystems for $7.4bn in early 2010.
Oracle also acquired co-browsing software provider LiveLook in June. LiveLook offers co-browsing technology in the cloud, which lets staff such as customer service or sales reps share their browsers with others on a call, whether the users are on a desktop or mobile device.
This is similar to desktop-sharing technology provided by firms such as Cisco, in that it lets participants on a call see the same information in real time. However, as the service limits this exchange to a browser, it prevents sensitive data that might pop up via desktop notifications from accidentally being shared.
Oracle said it already has more than 100 global customers using the co-browse technology via the Oracle Service Cloud offering. The firms said the deal will integrate the technologies further, and help businesses boost customer satisfaction and revenue.
The transaction is subject to the usual regulatory approval. No detail was given on how much Oracle paid for LiveLook.
The LiveLook deal is further evidence of Oracle’s determination to become a key cloud player, after a slow start in the space.
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