So the rumours were indeed true: Oracle has offered to buy Micros Systems for $5.3 billion (around £3.1 billion, AU$5.7 billion).
This is the company's largest acquisition since snapping Sun Microsystems for $7.4 billion (around £5 billion, AU$8 billion) five years ago.
The purchase will give Oracle a much bigger foothold in the retail, restaurant and hospitality markets where it will compete with SAP, IBM and smaller players like NCR.
Oracle is seen as a late entrant to the booming cloud-based, connected solution market where verticals, like personal transportation or home services, can be worth tens of billions of dollars.
Many will see the company's decision to buy Micros Systems as a quick and easy way to gain market share in new segments.
Expect more of the same from Oracle as its shares inch towards a 10-year high and shareholders and analysts demand more action in emerging areas.
Its CEO Larry Ellison said that the company is "focused like a laser" on becoming the number one cloud company in software-as-a-service (SaaS) and Platform-as-a-Service (PaaS) segments after it revealed disappointing financials for its fourth fiscal quarter.
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