Columbia, MD November 27, 2000 MICROS Systems, Inc. (NASDAQ:MCRS), a leading provider of information technology solutions for the hospitality industry, today announced that it has acquired the hospitality division of Hospitality Solutions International Inc. (HSI) for an undisclosed amount of cash. MICROS has purchased all of the restaurant and hotel assets of HSI. HSI will continue to own and operate its Club Systems division, based in Jenkintown, Pennsylvania. MICROS will operate HSI's hospitality division as a separate company, under the strong HSI brand name, with plans to jointly develop and support certain products.
Based in Scottsdale, Arizona, HSI's hospitality division is a top developer of technology solutions for the hospitality industry. The hospitality division's products include the point-of-service and enterprise systems for restaurants, as well as hotel management software. More than 3,500 customers worldwide, including restaurants, hotels, and cruise ships, are currently using HSI software solutions.
"We are excited to acquire the hospitality division of HSI as part of our continuing strategy for growth and market penetration," said Tom Giannopoulos, President and CEO of MICROS. "HSI has a premier global client base which we look forward to serving in conjunction with HSI's talented staff through our extensive distribution and support infrastructure. We are confident that our hospitality customers will benefit from the added products and services that our two companies can jointly offer."
According to Douglas Royse, President and CEO of HSI's Hospitality Group, "The opportunity to become affiliated with MICROS comes at an excellent time for HSI's Hospitality Group. With MICROS's resources, we believe we can more effectively enhance our current product portfolio and continue to offer superior products and services to the hospitality industry."
About MICROS Systems, Inc.
MICROS Systems, Inc. provides enterprise applications for the hospitality industry worldwide. Over 120,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, and leisure and entertainment operations in more than 130 countries. MICROS provides property management systems and central reservation and customer information solutions under the brand MICROS-Fidelio for more than 10,000 hotels 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, Manager, Marketing Communications at (443) 285-8144 or (800) 638-0985. You can also visit the MICROS website at www.micros.com or send an email to firstname.lastname@example.org.
The MICROS logo is a registered trademark of MICROS Systems, Inc. All other product and brand names are the property of their respective owners.