 | |
| Company type | Subsidiary |
|---|---|
| Nasdaq: MCRS | |
| Industry | Hospitality support,Computer hardware |
| Founded | 1977; 49 years ago (1977) |
| Headquarters | Columbia, Maryland, United States |
Key people | Tom Gianopolous (president & |
| Products | Point of sale systems Property management systems Workflow application |
| Revenue |  US$1,007.9M (FY11; 10.2% increase from FY10)[1][2] |
Number of employees | ~4953 (2011)[3] |
| Parent | Oracle Corporation |
| Website | www |
| Footnotes / references [4] | |
Micros Systems, Inc. was an American computer company that manufacturedhardware and developedsoftware and services for the restaurantpoint 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 byOracle Corporation and renamed Oracle Food and Beverage and Oracle Hospitality (two of the global business units atOracle Corporation). Micros was headquartered inColumbia, Maryland, United States, and the current business unit is 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]
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 inColumbia, Maryland.[3] The name Micros is anacronym for Modular Integrated Cash Register Operating Systems.[7]
Oracle offers multiple products under the Micros name. Oracle Micros Simphony is a cloud-based restaurantPOS system. Opera is the Micros property management system used in many large hotel chains, such asAccor 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 ofCarlson Companies),[9] theInterContinental Hotels Group and theThistle Hotels.[10]
With the purchase of the company Torex fromCerberus Capital Management, Micros acquired MiRetail Hub, aWorkflow application written usingWindows Workflow Foundation and designed for the Retail market.[11]
| Subsidiary | Acquired | Products | Ref. |
|---|---|---|---|
| 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 |
The transaction is valued at approximately $5.3 billion, or $4.6 billion net of Micros' cash.