Micros Systems, Inc. was an American computer company who manufactured hardware and developed

software Software consists of computer programs that instruct the Execution (computing), execution of a computer. Software also includes design documents and specifications. The history of software is closely tied to the development of digital comput ...

and services for the restaurant

point of sale The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...

, hotel, hospitality, sports and entertainment venues, casinos, cruise lines, specialty retail markets and other similar markets. Analyst estimates cited in 2003 put Micros' market share at about 35% of the restaurant point-of-sale business. Independently active from 1978 to 2014, Micros is now owned by

Oracle Corporation Oracle Corporation is an American Multinational corporation, multinational computer technology company headquartered in Austin, Texas. Co-founded in 1977 in Santa Clara, California, by Larry Ellison, who remains executive chairman, Oracle was ...

and renamed Oracle Food and Beverage and Oracle Hospitality (two of the global business units at

). Micros was headquartered in

Columbia, Maryland Columbia is a planned community in Howard County, Maryland, United States, consisting of 10 self-contained villages. With a population of 104,681 at the 2020 United States census, 2020 census, it is the second-most-populous community in Maryland ...

, United States, and the current business unit it still based there. On June 23, 2014,

announced its intent to purchase Micros Systems for $68 per share in cash for a total value of approximately $5.3 billion.

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

. The name Micros is an

acronym An acronym is a type of abbreviation consisting of a phrase whose only pronounced elements are the initial letters or initial sounds of words inside that phrase. Acronyms are often spelled with the initial Letter (alphabet), letter of each wor ...

for Modular Integrated Cash Register Operating Systems.

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, Radisson Hotels and Resorts (subsidiary of Carlson Companies), the InterContinental Hotels Group and the Thistle Hotels. 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

References

External links

* {{Official website, www.oracle.com/industries/micros 1977 establishments in Maryland 2014 disestablishments in Maryland 2014 mergers and acquisitions American companies established in 1977 American companies disestablished in 2014 Computer companies established in 1977 Computer companies disestablished in 2014 Companies based in Columbia, Maryland Companies formerly listed on the Nasdaq Defunct computer companies of the United States Defunct computer hardware companies Defunct computer systems companies Defunct software companies of the United States Oracle acquisitions Point of sale companies Travel technology