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MICROS Systems Computes the Hospitality Industry Columbia-based MICROS Systems, Inc., was founded in 1977 and has become the world's leading developer of enterprise applications serving the hospitality industry. The company's products are used in restaurants, hotels, and entertainment facilities in over 130 countries with more than 120,000 systems installed. In addition, MICROS-Fidelio, a subsidiary of MICROS, is the global leader in advanced property management with more than 16,000 systems installed. The company has 27 offices in North America and 41 offices internationally. MICROS has about 2700 employees globally, 725 of which are employed locally in Maryland. MICROSÕs products include multi-language and multi-currency solutions that are fully integrated to increase efficiency and reduce operating costs. This model results in a powerful operational and decision-making competitive advantage for restaurants, multi-faceted entertainment venues and hotels. MICROS provides the restaurant industry solutions that combine unified access point-of-sale, back-office and corporate-office applications. When you see a server at a restaurant entering your order on a computer, it's a pretty good chance they are using a MICROS system. Their customer's read like a who's who in the restaurant industry including, Ruby Tuesday, TGI Friday's, Ruth's Chris, ESPN Zone and Bennigans. For large enterprises, MICROS provides a scaleable solution to manage the complex operational requirements associated with Casinos, Airports, Theme Parks, Stadiums and Cruise Lines. Their customers include Disney Cruise, Caesar's Casinos, Harrah's, Dodger Stadium and Hyatt Hotels. MICROS provides fully integrated property management, central systems, central reservation systems and customer information solutions under the brand MICROS-Fidelio the hotel industry. Their customers include, Windham, Hilton, Hyatt, Sheraton, and lots of independents. Technology wise, MICROS's systems run on standard operating platforms such as Windows 95/NT and UNIX and are recognized in the hospitality industry for their ease of use. MICROS also offers its custom designed hardware developed specifically for the harsh environments of the hospitality industry. MICROS is a public company, traded on NASDAQ. For its last fiscal year ended June 30, 2000, revenue was $359.7 million with a net income for the year was $16.2. The company has made four major acquisitions since 1999, acquiring competitors, complementary products and domestic distributors.
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