Micros Systems, Inc. (styled lowercase in its logo), incorporated in 1978, was a computer software company. Micros is now owned by

Oracle Corporation Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. In 2020, Oracle was the third-largest software company in the world by revenue and market capitalization. The company sells da ...

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 census-designated place in Howard County, Maryland, Howard County, Maryland. It is one of the principal communities of the Baltimore–Washington metropolitan area. It is a planned community consisting of 10 self-contained villages ...

, United States, and the current business unit it still based there. Micros manufactured and sold computer hardware,

software Software is a set of computer programs and associated software documentation, documentation and data (computing), data. This is in contrast to Computer hardware, hardware, from which the system is built and which actually performs the work. ...

, 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. 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 word or name formed from the initial components of a longer name or phrase. Acronyms are usually formed from the initial letters of words, as in '' NATO'' (''North Atlantic Treaty Organization''), but sometimes use syllables, a ...

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 POS, Pos or PoS may refer to: Linguistics * Part of speech, the role that a word or phrase plays in a sentence * Poverty of the stimulus, a linguistic term used in language acquisition and development * Sayula Popoluca (ISO 639-3), an indigenous l ...

system. Opera is the Micros property management system used in many large hotel chains, such as Accor Hotels,

Meliá Hotels International Meliá Hotels International, S.A. (formerly Sol Meliá) is a Spanish hotel chain which was founded by Gabriel Escarrer Juliá in 1956 in Palma de Mallorca. The company is one of Spain's largest domestic operators of holiday resorts and th ...

Four Seasons Hotels and Resorts Four Seasons Hotels Limited, trading as Four Seasons Hotels and Resorts, is an international luxury hotel and resort company headquartered in Toronto, Ontario, Canada. Four Seasons currently operates more than 100 hotels and resorts worldwide. ...

, Travelodge Hotels UK, Crown Resorts,

Hyatt Hotels and Resorts Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vaca ...

, Rydges Hotels & Resorts, Oberoi Hotels & Resorts, Jupiter Hotels,

Marriott Hotels & Resorts Marriott Hotels & Resorts is Marriott International's brand of full-service hotels and resorts based in Bethesda, Maryland. As of June 30, 2020, there were 582 hotels and resorts with 205,053 rooms operating under the brand, in addition to 1 ...

, Starwood Hotels and Resorts, Resorts and Suites,

Radisson Hotels and Resorts Radisson Hotels is an international hotel chain headquartered in the United States. A division of the Radisson Hotel Group, it operates the brands Radisson Blu, Radisson RED, Radisson Collection, Country Inn & Suites, and Park Inn by Radi ...

(subsidiary of Carlson Companies), the

InterContinental Hotels Group InterContinental Hotels Group (IHG), marketed as IHG Hotels & Resorts, is a British multinational hospitality company headquartered in Denham, Buckinghamshire, England. It is listed on the London Stock Exchange and is a constituent of the F ...

and the Thistle Hotels. With the purchase of the company Torex from

Cerberus Capital Management Cerberus Capital Management, L.P. is an American private equity firm,Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Quayle, Chairman, Cerberus Global Investments, LLC". specializing in distressed investing ...

, Micros acquired MiRetail Hub, a Workflow application written using

Windows Workflow Foundation Windows Workflow Foundation (WF) is a Microsoft technology that provides an API, an in-process workflow engine, and a rehostable designer to implement long-running processes as workflows within .NET applications. The latest version of WF was ...

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 Companies based in Columbia, Maryland Companies formerly listed on the Nasdaq Defunct computer companies of the United States Defunct computer hardware companies Defunct software companies of the United States Oracle acquisitions Point of sale companies Travel technology