|By Marketwired .||
|June 23, 2014 11:49 AM EDT||
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.
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.
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Aug. 29, 2016 08:15 AM EDT Reads: 729
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Aug. 29, 2016 08:00 AM EDT Reads: 913
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 29, 2016 08:00 AM EDT Reads: 824
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 29, 2016 07:30 AM EDT Reads: 799
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Aug. 29, 2016 03:00 AM EDT Reads: 2,413
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 29, 2016 02:15 AM EDT Reads: 1,828
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Aug. 29, 2016 02:15 AM EDT Reads: 2,218
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 29, 2016 01:45 AM EDT Reads: 2,191
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Aug. 29, 2016 01:15 AM EDT Reads: 3,020
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Aug. 29, 2016 01:00 AM EDT Reads: 2,246
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 29, 2016 12:00 AM EDT Reads: 1,903
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
Aug. 28, 2016 11:15 PM EDT Reads: 2,163
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 28, 2016 10:30 PM EDT Reads: 4,068
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Aug. 28, 2016 08:30 PM EDT Reads: 1,857
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Aug. 28, 2016 08:15 PM EDT Reads: 1,963