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BELTSVILLE, Md - Oct. 19, 1999 - MICROS Systems, Inc. (NASDAQ:MCRS),
the world�s leading provider of information technology for the hospitality
industry, today announced that it has acquired all of the outstanding stock
of OPUS 2 Revenue Technologies, Inc., the leading provider of yield management
systems for hotels worldwide, for an undisclosed combination of cash and
MICROS stock.
OPUS 2 customers include top hotel companies around the world such as Starwood Hotels Resorts Worldwide, Grupo Posadas and Sunburst Hospitality Corporation. �The acquisition of OPUS 2 is an important step forward for MICROS. The industry knowledge and technical expertise of the OPUS 2 team provides MICROS with new synergistic opportunities in the revenue management market, � said Tom Giannopoulos, President and CEO of MICROS. �OPUS 2 has established a strong industry presence over the past 7 years with a reputation for technical excellence. We are very happy to have OPUS 2 onboard.� �Becoming affiliated with MICROS as world-wide leader in hospitality technology is very exciting for us,� said Chuck Clack, CEO of OPUS 2. �OPUS 2 is eager to leverage MICROS�s extensive marketing and distribution channels to help introduce our product to a much wider market. This is going to be a fast-paced period of growth for all of us.� As a complement to its comprehensive product line, MICROS will integrate
the OPUS 2 yield management solution, TopLine� PROPHET, with its MICROS-Fidelio
brand hotel enterprise system, OPERA, a suite of integrated property-level
and corporate-level applications. TopLine
�The OPUS 2 solution provides strong synergy with the MICROS-Fidelio product line and our overall product development strategy,� said Bill Poe, Vice President of MICROS Hotel Sales and Strategies. �The next generation of TopLine PROPHET will be the first Internet-accessible system for automated revenue management. This Oracle®-based system is thin client and Internet ready, establishing a foundation for supplemental usage based services for us to offer to our hotel customers.� �MICROS�s commitment to progressive technology matches the philosophy we embrace,� stated OPUS 2 co-founder and President, Eric Orkin. �Our revenue management systems incorporate the most sophisticated level of technical development, and we anticipate being able to advance this science even further with the strength of MICROS�s global resources and the strong MICROS-Fidelio brand behind us.� Yield management applications have been reported to enable operators
to increase revenue from 4-12% for transient and group business. MICROS
is eager to add this new application to its suite of applications supporting
hotel revenue growth and profitability.
MICROS Systems, Inc. provides enterprise applications for the hospitality
industry worldwide. Over 90,000 MICROS systems are currently installed
in table and quick service restaurants, hotels, motels, casinos and leisure
and entertainment operations in more than 120 countries.
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Also See | Opus 2 names New Directors as Company Restructures to Manage Growth and Product Demand / Jan 1998 |
IDeaS Offers the First Yield Management Solution to Guarantee Measurable Results / Sept 1999 |