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Micros Systems

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Micros Systems, Inc.
Company typeSubsidiary
Nasdaq: MCRS
IndustryHospitality support, Computer hardware
Founded1977; 47 years ago (1977)
HeadquartersColumbia, Maryland, United States
Key people
Tom Gianopolous (president &​ CEO)
ProductsPoint of sale systems
Property management systems
Workflow application
RevenueIncrease US$1,007.9M (FY11; 10.2% increase from FY10)[1][2]
Number of employees
~4953 (2011)[3]
ParentOracle Corporation
Websitewww.micros.com
Footnotes / references
[4]

Micros Systems, Inc. was an American computer company who manufactured hardware and developed software and services for the restaurant point of sale, hotel, hospitality, sports and entertainment venues, casinos, cruise lines, specialty retail markets and other similar markets.[3] Analyst estimates cited in 2003 put Micros' market share at about 35% of the restaurant point-of-sale business.[5] Independently active from 1978 to 2014, Micros is now owned by Oracle Corporation and renamed Oracle Food and Beverage and Oracle Hospitality (two of the global business units at Oracle Corporation). Micros was headquartered in Columbia, Maryland, United States, and the current business unit it still based there.

On June 23, 2014, Oracle Corporation announced its intent to purchase Micros Systems for $68 per share in cash for a total value of approximately $5.3 billion.[6]

History

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The company was incorporated in 1977 as Picos Manufacturing, Inc. and changed its name to Micros Systems, Inc. in 1978. Micros Systems, Inc. was headquartered in Columbia, Maryland.[3] The name Micros is an acronym for Modular Integrated Cash Register Operating Systems.[7]

Products

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Oracle offers multiple products under the Micros name. Oracle Micros Simphony is a cloud-based restaurant POS system. Opera is the Micros property management system used in many large hotel chains, such as Accor Hotels, Meliá Hotels International, Four Seasons Hotels and Resorts, Travelodge Hotels UK, Crown Resorts, Hyatt Hotels and Resorts, Rydges Hotels & Resorts, Indian Hotels Company Limited (IHCL), Oberoi Hotels & Resorts, Jupiter Hotels, Marriott Hotels & Resorts, Starwood Hotels and Resorts, Resorts and Suites,[8] Radisson Hotels and Resorts (subsidiary of Carlson Companies),[9] the InterContinental Hotels Group and the Thistle Hotels.[10]

With the purchase of the company Torex from Cerberus Capital Management, Micros acquired MiRetail Hub, a Workflow application written using Windows Workflow Foundation and designed for the Retail market.[11]

Subsidiaries

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Subsidiary Acquired Products References
Torex September 2012 Till systems in the UK [11]
Snow Valley April 2011 e-commerce solutions for retail and hospitality
TIG Global January 2010 specializes in hotel Internet marketing and destination Internet marketing [13]
Fry August 2008 strategy and marketing through design, development, managed services and fulfillment; development of e-commerce applications [14]
Micros-Retail January 2008 combining the subsidiaries: Datavantage, CommercialWare and eOne Group [15]
CommercialWare February 2006 cross-channel commerce infrastructure solutions[buzzword]: point-of-sale, back-office, order management, fulfillment, customer service, collaboration, and analytics applications [16]
JTECH Communications January 2005 on-premises wireless messaging systems (pagers) for the retail, hospitality and healthcare industries [17]
Datavantage May 2003 information technology solutions[buzzword] for the specialty and general merchandise retail industry, analytic solutions[buzzword] [18]
Indatec (German) January 2001 point-of-sale terminals, peripherals and associated software for independent restaurants and other catering facilities [19]
Hospitality Solutions International November 2000 point-of-service and enterprise systems for restaurants, hotel management software [20]
Micros Fidelio Germany November 1995 property-management systems (PMSs), hotel computer information systems [21][22]
Micros Fidelio Nordic
Micros Fidelio UK Ltd
Micros-Fidelio Asia Pacific
Fidelio Cruise

References

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  1. ^ "Oracle and Micros Systems". www.micros.com.
  2. ^ "Oracle and Micros Systems". www.micros.com.
  3. ^ a b c "Yahoo Finance". Finance.yahoo.com. 2010-12-01. Retrieved 2010-12-23.
  4. ^ "FORM-10K".
  5. ^ Third-party citation Archived 2007-05-23 at the Wayback Machine of article from Hotel & Motel Management; original no longer available online
  6. ^ "Oracle Buys Micros Systems" (Press release). Oracle Corporation. June 23, 2014. Retrieved June 23, 2014. The transaction is valued at approximately $5.3 billion, or $4.6 billion net of Micros' cash.
  7. ^ DF. "Benefits of using Micros Systems". Business Knowledge Source. Retrieved 2010-12-23.
  8. ^ "Marriott to install Micros Opera at its international properties-06 July, 2005". Travelmole.com. 2005-07-06. Retrieved 2010-12-23.
  9. ^ "Wired Hotelier Article April 22, 2003". Wiredhotelier.com. Retrieved 2010-12-23.
  10. ^ Baker, Michael B. (2007-04-23). "Business Travel News April 23, 2007". Btnmag.com. Retrieved 2010-12-23.[permanent dead link]
  11. ^ a b "Torex acquired by Micros". Retrieved 21 August 2013.
  12. ^ Clelland, Sarah (4 June 2011). "MICROS snaps up Snow Valley". Retrieved 24 January 2020.
  13. ^ Louise, Casamento. "Micros Acquires TIG Global, Expanding Web Services Portfolio for Hospitality Industry". Retrieved 17 January 2010.
  14. ^ Louise, Casamento. "Micros Systems, Inc. Acquires Fry, Inc". Retrieved 17 January 2010.
  15. ^ Bernstein, Rachel (7 January 2008). "Micros combines subsidiaries". Retrieved 17 January 2010.
  16. ^ Rogers, Peter. "Datavantage Acquires CommercialWare". Retrieved 17 January 2010.
  17. ^ Louise, Casamento. "Micros Systems, Inc. Acquires JTECH Communications, Inc". Retrieved 17 January 2010.
  18. ^ Louise, Casamento. "Micros Systems, Inc. Acquires Datavantage Corporation". Retrieved 17 January 2010.
  19. ^ Louise, Casamento. "Micros ACQUIRES INDATEC GMBH & CO. KG". Retrieved 17 January 2010.
  20. ^ Louise, Casamento. "Micros acquires the hospitality division of hospitality solutions international". Retrieved 17 January 2010.
  21. ^ "Micros Systems, Inc. -- Company History". Retrieved 17 January 2010.
  22. ^ "Micros Systems, Inc. Annual Report 1997" (PDF). Retrieved 17 January 2010.
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