Micros Systems
| Company type | Public |
|---|---|
| Industry | Technology, Hospitality software, Retail software |
| Predecessor | Picos Manufacturing, Inc. |
| Founded | 1977 |
| Defunct | 2014 |
| Fate | Acquired by Oracle Corporation |
| Headquarters | Columbia, Maryland , United States |
Area served | Worldwide |
Key people | Tom Gianopolous (President and CEO) |
| Products | Point-of-sale systems, Property management systems, Workflow applications for hospitality and retail sectors |
Number of employees | 5,000 (2011) |
Micros Systems, Inc. was a U.S.-based technology firm that specialized in providing both hardware and software solutions for sectors including restaurant point-of-sale (POS), hotels, hospitality, sports and entertainment venues, casinos, cruise lines, and niche retail markets. By 2003, the company commanded an estimated 35% share of the restaurant POS market. Micros operated independently from its founding in 1978 until 2014, with its headquarters located in Columbia, Maryland. It has since been incorporated into Oracle Corporation, functioning under the Oracle Food and Beverage and Oracle Hospitality divisions.
In June 2014, Oracle declared its intention to acquire Micros for roughly $5.3 billion in cash, paying $68 per share. This acquisition integrated Micros' product lines and services into Oracle's worldwide operations. At that point, Micros had generated revenues exceeding $1 billion for fiscal year 2011 and employed close to 5,000 people. The company’s leadership included President and CEO Tom Gianopolous, who played a pivotal role in guiding the company’s strategic growth.
Micros’ core business model revolved around delivering all-encompassing POS systems, property management platforms, and workflow applications designed specifically for hospitality and retail sectors. This acquisition bolstered Oracle’s position in the hospitality technology space by broadening its product offerings and enhancing its service capabilities.
History
Originally incorporated as Picos Manufacturing, Inc. in 1977, the company rebranded to Micros Systems, Inc. the following year and established its headquarters in Columbia, Maryland. The name "Micros" is derived from Modular Integrated Cash Register Operating Systems.
Products
Oracle’s Micros product suite features Oracle Micros Simphony, a cloud-enabled restaurant POS platform, alongside Opera, a widely utilized property management system adopted by leading hotel chains such as Accor Hotels, Meliá Hotels International, Four Seasons, Travelodge UK, Crown Resorts, Hyatt, Indian Hotels Company Limited (IHCL), Oberoi Hotels & Resorts, Marriott International, Starwood Hotels & Resorts, Radisson (Carlson Companies), InterContinental Hotels Group, and Thistle Hotels.
The purchase of Torex from Cerberus Capital Management broadened Micros’ portfolio with MiRetail Hub—a workflow application specifically designed for retail environments.
Subsidiaries
| Subsidiary | Acquisition Date | Product/Service Focus |
|---|---|---|
| Torex | September 2012 | UK-based till systems |
| Snow Valley | April 2011 | E-commerce platforms for retail and hospitality sectors |
| TIG Global | January 2010 | Internet marketing services targeting hotels and destinations |
| Fry | August 2008 | Marketing strategy services and e-commerce application development |
| Micros-Retail | January 2008 | Consolidated operations of Datavantage, CommercialWare, and eOne Group subsidiaries |
| CommercialWare | February 2006 | Cross-channel commerce infrastructure including POS, order management, fulfillment, analytics |
| JTECH Communications | January 2005 | Wireless messaging solutions deployed on-premises across retail, hospitality, healthcare industries |
| Datavantage | May 2003 | IT and analytics solutions for specialty and general merchandise retailers |
| Indatec (Germany) | January 2001 | POS terminals and software tailored for independent restaurants and catering businesses |
| Hospitality Solutions International | November 2000 | Enterprise systems for restaurants plus hotel management software solutions |
| Micros Fidelio Germany, Nordic, UK Ltd., Asia Pacific & Fidelio Cruise | November 1995 | Property management systems (PMS) and hotel computer information systems |
External links
- Organizations founded in Maryland in 1977
- Entities dissolved in Maryland in 2014
- Mergers and acquisitions completed in 2014
- U.S. companies established in 1977
- U.S. companies closed in 2014
- Technology firms founded in 1977
- Technology firms closed in 2014
- Businesses headquartered in Columbia, Maryland
- Companies formerly traded on Nasdaq
- Obsolete American computer companies
- Defunct computer hardware manufacturers
- Discontinued computer systems providers
- Inactive U.S. software firms
- Acquisitions by Oracle Corporation
- Point-of-sale technology companies
- Travel industry technology
- American companies established in 1977
- Companies of the United States by year of establishment