Oracle in talks to buy Micros Systems for more than $5 billion

Summary:According to reports, the enterprise software giant is close to finalizing the acquisition, which would be its largest since the $5.7 billion takeover of Sun Microsystems.

Oracle may be nearing a deal topping $5 billion to purchase hospitality software maker Micros Systems, according to a report from Bloomberg

If speculation of the purchase price is correct, this would be Oracle's largest acquisition since it bought out Sun Microsystems for $5.7 billion in 2009.

The deal would represent Oracle's continued cloud push and is in line with the enterprise software giant's cloud strategy so far: acquire as much as it can to try and get ahead. As pointed out by Bloomberg, over the last decade Oracle has spent more than $50 billion acquiring some 100 companies.

Although Oracle has been late to the cloud game, CEO Larry Ellison has ramped up efforts to compete with cloud-computing competitors, especially since his company has reported continuous fiscal quarters with disappointing revenue. 

Ellison said at a CloudWorld event in January that cloud computing gives the company "a lot of new market to pursue," and that internally it has been increasing its sales force to accommodate its current customers and companies to pursue.

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Topics: Big Data, Cloud, Enterprise Software, Oracle

About

Natalie Gagliordi is a staff writer for CBS Interactive based in Louisville, Kentucky, covering business technology for ZDNet. She previously worked as the editor of Kiosk Marketplace, an online B2B trade publication that focused on interactive self-service technology, while also contributing to additional websites that covered retail tec... Full Bio

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