Columbia, MD – June 1, 2012 – MICROS Systems, Inc., a leading provider of information technology solutions for the hospitality and retail industries, is pleased to announce that the acquisition of Torex Retail Holdings is now finalized. Torex, a European market leader for store systems in Retail, Hospitality, Convenience and Fuel markets, will support MICROS’s strategy to extend its position in the retail market beyond North America into the UK and Europe, and broaden its position in the hospitality market by bringing complementary technology to both companies.
As well as bringing valuable customers, technology and employee expertise across retail and hospitality, MICROS will use Torex’s presence in the convenience and fuel market in Europe as a foothold for further expansion. In addition to the continued investment in market leading technology, customers will benefit from the extended product and professional service portfolio of the combined group.
About Torex
Torex, a subsidiary of MICROS Systems, Inc., is a European market leader for store systems in Retail, Hospitality, Convenience and Fuel markets. Our customers choose Torex to make the most out of their business, by gaining access to our deep market experience, innovative technology and global reach.
1,150 Torex people help over 3,000 businesses serve their customers every year, in over 30 countries. Over the last year we have supported the launch of the PizzaExpress’ ground-breaking voucher scheme and PayPal app, helped Mothercare to manage its franchise stock with Merchandise Planning and showed independent convenience retailers how to reap up to 2% improvement in margin. Our client list includes market leaders such as B&Q, River Island, Lloydspharmacy, Mitchells & Butlers, PizzaExpress, Costa Coffee, The Co-operative, Martin McColl, MRH, Londis, Hema and Deichmann.
We provide outlet and head office technology to our core markets globally, through a mix of software, hardware, consultancy, implementation and maintenance and services. Our technology ranges from Point-of-Sale to solutions which help our customers deal with merchandise planning, business analytics, loss prevention and multi-channel trading. We also provide consumer-facing solutions for e-commerce, vouchering, loyalty programmes and integration with social media networks.
This technology and expertise together provide a number of benefits including smoother processes, operational efficiencies, seamless employee management, better customer service, allowing customers to keep up with consumer trends and stay ahead of the competition – in short, improve profitability.
Visit us at www.torex.com or follow us on Twitter @torexRH.
About MICROS Systems, Inc.
MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide. Over 330,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, leisure and entertainment, and retail operations in more than 180 countries, and on all seven continents. In addition, MICROS provides property management systems, central reservation and customer information solutions under the brand MICROS-Fidelio for more than 26,000 hotels worldwide, as well as point-of-sale, loss prevention, and cross-channel functionality through its MICROS-Retail division for more than 100,000 retail stores worldwide. MICROS stock is traded through NASDAQ under the symbol MCRS.
For more information on MICROS and its advanced information technology solutions for the hospitality industry, please contact Louise Casamento, Vice President of Marketing at (443) 285-8144 or (866) 287-4736. You can also visit the MICROS website at www.micros.com or send an email to info@micros.com.
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