Welcome!

News Feed Item

Oracle to Acquire Morgan Lewis Client MICROS Systems

PHILADELPHIA, PA -- (Marketwired) -- 06/23/14 -- MICROS Systems, Inc. announced today that it has agreed to be acquired by Oracle. Under the terms of the agreement, MICROS stockholders will receive $68.00 in cash for each share of common stock they hold. The purchase price represents a fully-diluted equity value of approximately $5.3 billion, or $4.6 billion net of cash. Based in Columbia, Maryland, MICROS is a provider of information technology solutions for the hospitality and retail industries. Together, Oracle and MICROS will help hotels, food & beverage facilities, and retailers to accelerate innovation, transform their businesses, and delight customers with complete, open and integrated solutions.

Led by Business and Finance partners Richard Aldridge and Colby Smith, a multi-office team of Morgan Lewis lawyers collaborated in the representation of MICROS on every aspect of the transaction.

The team was rounded out by Securities Practice partners Alan Singer and David Sirignano; Business and Finance associates Michael Baxter, Lindsay Tarnowski, James Sherwood and Sean Donahue; Antitrust Practice partners Harry Robins and Izzet Sinan, as well as associate David Brenneman; Employee Benefits and Executive Compensation Practice senior counsel Joseph Ronan Jr.; Tax Practice partner Paul Gordon; Intellectual Property partners Kenneth Davis, Douglas Crisman, and Ron Dreben, and associate Squire Servance; Litigation partners David Luttinger Jr., Christian Mixter, Steven Reed, and Elizabeth Hoop Fay, of counsel Karen Pohlmann, and associate Esther Winne.

For further information about the transaction, please see the press release issued by MICROS.

About Morgan Lewis's Mergers and Acquisitions Practice

With more than 220 lawyers in offices throughout the United States, Europe, Asia, and the Middle East, Morgan Lewis's Mergers and Acquisitions Practice has worked on hundreds of deals in every significant regulated and unregulated industry with a market value of hundreds of billions of dollars. Our lawyers have handled diverse transactions ranging from small to multibillion-dollar deals, including Rosneft's acquisition of the Itera Oil and Gas Company from Itera Holdings Limited for $2.9 billion; the merger between Jefferies Group, Inc. and Leucadia National Corporation; and the representation of Warburg Pincus and GSI Commerce in their $2.4 billion sale to eBay. We have continually been recognized as a top 10 transactional firm according to league tables from Thomson Reuters, Mergermarket, Bloomberg, and Buyouts, and the practice and its lawyers have been recognized by Chambers USA, Chambers Global and The Legal 500. Learn more about the firm's Mergers and Acquisitions Practice at http://www.morganlewis.com/mergers.

About Morgan Lewis's Business and Finance Practice

Morgan Lewis's nearly 400-lawyer Business and Finance Practice assists a diverse global clientele in the United States, Europe, Asia, and the Middle East with the full scope of strategic transactional matters, from mergers and acquisitions to fund formation and restructuring. Recent work highlighting the group's international reach includes SK Capital Partners' acquisition of the textile chemicals, paper specialties, and emulsions businesses of Switzerland-based Clariant; Chiesi Farmaceutici S.p.A.'s merger with Cornerstone Therapeutics; and Russian state development bank Vnesheconombank's EUR 1.5 billion offering of Eurobonds. Morgan Lewis consistently ranks among the premier transactional law firms, including the Top 10 in M&A transactions by Thomson Reuters, Mergermarket, Bloomberg, and Buyouts (2013), and was ranked Number One most active law firm globally based on the number of private equity funds worked on for general and limited partners (Dow Jones Private Equity Analyst, 2013). Learn more about the firm's Business and Finance Practice at http://www.morganlewis.com/business.

About Morgan, Lewis & Bockius LLP

Founded in 1873, Morgan Lewis offers more than 1,600 legal professionals -- including lawyers, patent agents, benefits advisers, regulatory scientists, and other specialists -- in 25 offices across the United States, Europe, Asia, and the Middle East. The firm provides comprehensive litigation, corporate, transactional, regulatory, intellectual property, and labor and employment legal services to clients of all sizes -- from globally established industry leaders to just-conceived start-ups. For more information about Morgan Lewis or its practices, please visit us online at www.morganlewis.com.

Contact:
Elliott Frieder
Director, Public Relations & Communications
212.309.6809
Email Contact

Charles Engros
Partner and Leader of the Business and Finance Practice
212.309.6880
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Recently, IoT seems emerging as a solution vehicle for data analytics on real-world scenarios from setting a room temperature setting to predicting a component failure of an aircraft. Compared with developing an application or deploying a cloud service, is an IoT solution unique? If so, how? How does a typical IoT solution architecture consist? And what are the essential components and how are they relevant to each other? How does the security play out? What are the best practices in formulating...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
Cloud adoption is often driven by a desire to increase efficiency, boost agility and save money. All too often, however, the reality involves unpredictable cost spikes and lack of oversight due to resource limitations. In his session at 20th Cloud Expo, Joe Kinsella, CTO and Founder of CloudHealth Technologies, tackled the question: “How do you build a fully optimized cloud?” He will examine: Why TCO is critical to achieving cloud success – and why attendees should be thinking holistically ab...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, discussed the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insights from the vast t...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
CollabNet and VersionOne have announced the two companies have merged. The combined company will offer complete Enterprise Agile, ALM Collaboration, Version Control and DevOps solutions that power application development and delivery for businesses and government institutions. The combined company, which will maintain the CollabNet name, will be headquartered in Atlanta. CollabNet CEO Flint Brenton will serve as CEO of the combined company, and VersionOne CEO Robert Holler will serve as chief s...
Any startup has to have a clear go –to-market strategy from the beginning. Similarly, any data science project has to have a go to production strategy from its first days, so it could go beyond proof-of-concept. Machine learning and artificial intelligence in production would result in hundreds of training pipelines and machine learning models that are continuously revised by teams of data scientists and seamlessly connected with web applications for tenants and users.
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single-threaded, you can effectively identify hot spots in your serverless code. In his session at @DevOpsSummit at 21st Cloud Expo, Dave Martin, Product owner at CA Technologies, will give a live demonstration and code walkthrough, showing how ...
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...