Oracle made official its rumored acquisition of Micros Systems on Monday, announcing a whopping $5.3 billion deal for a company that’s a small version of Oracle itself, with a mature software business, a sizeable hardware business, and a fledgling foothold in the cloud.
Like Oracle, Micros gets the biggest share of its revenue (about 40%) from software maintenance. Maintenance accounted for $482 million of the company’s $1.2 billion in fiscal 2013 revenue. New software sales, by comparison, accounted for only 11.3%, or $143 million. And, like Oracle, Micros sells hardware, though mostly point-of-sale specialized workstations and terminals used in restaurant, hotel, and retail settings. This business accounted for 21%, or $269 million, of Micros’s 2013 revenue.