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Dear Customers and Partners,
On June 23, 2014, Oracle announced that it had entered into an agreement to acquire MICROS Systems, a provider of integrated software and hardware solutions to the Hospitality and Retail industries. We are pleased to announce that the transaction has closed.
Accelerating our customers' ability to transform their businesses through the combination of Oracle and MICROS' innovative technology will help Hotels, F&B and Retail companies compete more effectively in today's environment. To deliver the most compelling and leading-edge industry-focused solutions, Oracle will continue its highly successful dedicated Industry Business Unit model with MICROS by integrating MICROS' retail solutions and employees into the existing Oracle Retail Business Unit and by creating a new Hospitality Business Unit dedicated to the Hotel and F&B industry.
Oracle is committed to protecting and enhancing customer investments in MICROS solutions. As a part of our commitment to developing best-in-class, industry-specific business solutions and helping our customers successfully transform their business, Oracle will continue to deliver high-performance innovative solutions for the Hotel, F&B and Retail sectors.
The MICROS management team with Oracle will be working together over the next few months to ensure the transition is seamless, and our customers will not see any interruption in the service they are accustomed to. Please continue to work with your business partners at MICROS. We will communicate with you on a regular basis, and look forward to working with you.
Thank you for your business.
For more information please visit oracle.com/micros.
Senior Vice President and GM
Oracle Retail and Hospitality
President and Chief Executive Officer
MICROS Systems, Inc
This document contains certain forward-looking statements about Oracle and MICROS, including statements that involve risks and uncertainties concerning Oracle's acquisition of MICROS, anticipated customer benefits and general business outlook. When used in this document, the words "anticipates", "can", "will", "look forward to", "expected" and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or MICROS, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the risk that anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either companies do business, and the possibility that Oracle or MICROS may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or MICROS.
In addition, please refer to the documents that Oracle and MICROS, respectively, file with the U.S. Securities and Exchange Commission (the "SEC") on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause Oracle's and MICROS' respective operational and other results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor MICROS is under any duty to update any of the information in this document.
Oracle is currently reviewing the existing MICROS product roadmap and will be providing guidance to customers in accordance with Oracle's standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle's review of MICROS' product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by MICROS or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. It is intended for information purposes only, and may not be incorporated into any contract.