Micros Systems Explained

Micros Systems, Inc.
Type:Subsidiary
Foundation:1977, incorporated 1978
Parent:Oracle Corporation
Location:Columbia, Maryland, United States
Key People:Tom Gianopolous (president & CEO)
Num Employees:~4953 (2011)
Revenue: US$1,007.9M (FY11; 10.2% increase from FY10)[1] [2]
Products:Point of sale systems
Property management systems
Workflow application
Industry:Hospitality support, Computer hardware

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.[4] 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.[5]

History

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.[6]

Products

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,[7] Radisson Hotels and Resorts (subsidiary of Carlson Companies),[8] the InterContinental Hotels Group and the Thistle Hotels.[9]

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.

Subsidiaries

SubsidiaryAcquiredProductsReferences
TorexSeptember 2012Till systems in the UK[10]
Snow ValleyApril 2011e-commerce solutions for retail and hospitality[11]
TIG GlobalJanuary 2010specializes in hotel Internet marketing and destination Internet marketing[12]
FryAugust 2008strategy and marketing through design, development, managed services and fulfillment; development of e-commerce applications[13]
Micros-RetailJanuary 2008combining the subsidiaries: Datavantage, CommercialWare and eOne Group[14]
CommercialWareFebruary 2006cross-channel commerce infrastructure solutions: point-of-sale, back-office, order management, fulfillment, customer service, collaboration, and analytics applications[15]
JTECH CommunicationsJanuary 2005on-premises wireless messaging systems (pagers) for the retail, hospitality and healthcare industries[16]
DatavantageMay 2003information technology solutions for the specialty and general merchandise retail industry, analytic solutions[17]
Indatec (German)January 2001point-of-sale terminals, peripherals and associated software for independent restaurants and other catering facilities[18]
Hospitality Solutions InternationalNovember 2000point-of-service and enterprise systems for restaurants, hotel management software[19]
Micros Fidelio GermanyNovember 1995property-management systems (PMSs), hotel computer information systems[20] [21]
Micros Fidelio Nordic
Micros Fidelio UK Ltd
Micros-Fidelio Asia Pacific
Fidelio Cruise

Notes and References

  1. Web site: Oracle and Micros Systems. www.micros.com.
  2. Web site: Oracle and Micros Systems. www.micros.com.
  3. Web site: Yahoo Finance . Finance.yahoo.com . 2010-12-01 . 2010-12-23.
  4. http://www.intincus.com/bbs/board.php?id=eng_notice&page=1&sn1=&divpage=1&sn=off&ss=on&sc=on&no=3&PHPSESSID=52492fa214e49bd3828360cc1f72a0e5 Third-party citation
  5. Oracle Buys Micros Systems . Oracle Corporation . The transaction is valued at approximately $5.3 billion, or $4.6 billion net of Micros’ cash.. June 23, 2014 . June 23, 2014.
  6. Web site: DF . Benefits of using Micros Systems . Business Knowledge Source . 2010-12-23.
  7. Web site: Marriott to install Micros Opera at its international properties-06 July, 2005 . Travelmole.com . 2005-07-06 . 2010-12-23.
  8. Web site: Wired Hotelier Article April 22, 2003 . Wiredhotelier.com . 2010-12-23.
  9. Web site: Baker . Michael B. . Business Travel News April 23, 2007 . Btnmag.com . 2007-04-23 . 2010-12-23 .
  10. Web site: Torex acquired by Micros . 21 August 2013 .
  11. Web site: Clelland . Sarah . MICROS snaps up Snow Valley . 4 June 2011 . 24 January 2020 .
  12. Web site: Louise . Casamento . Micros Acquires TIG Global, Expanding Web Services Portfolio for Hospitality Industry . 17 January 2010 .
  13. Web site: Louise . Casamento . Micros Systems, Inc. Acquires Fry, Inc. . 17 January 2010 .
  14. News: Bernstein . Rachel . Micros combines subsidiaries . 17 January 2010. 7 January 2008.
  15. Web site: Rogers . Peter . Datavantage Acquires CommercialWare . 17 January 2010 .
  16. Web site: Louise . Casamento . Micros Systems, Inc. Acquires JTECH Communications, Inc. . 17 January 2010 .
  17. Web site: Louise . Casamento . Micros Systems, Inc. Acquires Datavantage Corporation . 17 January 2010 .
  18. Web site: Louise . Casamento . Micros ACQUIRES INDATEC GMBH & CO. KG . 17 January 2010 .
  19. Web site: Louise . Casamento . Micros acquires the hospitality division of hospitality solutions international . 17 January 2010 .
  20. Web site: Micros Systems, Inc. -- Company History . 17 January 2010 .
  21. Web site: Micros Systems, Inc. Annual Report 1997 . 17 January 2010 .