Columbia, MD January 25, 2001 MICROS Systems, Inc. (NASDAQ:MCRS), a leading provider of information technology solutions for the hospitality industry, today announced that it has entered into an agreement to acquire all of the stock of Indatec GmbH & Co. KG (Indatec) for an undisclosed amount of cash. MICROS will operate Indatec as a separate company, under the strong Indatec brand name, with plans to jointly develop and support certain products as well as introduce immediately the current Indatec product range into MICROS's European, African and Middle Eastern (EAME) distribution channel. Subsequent distribution of the product into the Americas and Pacific Region is contemplated.
Based in Bernau am Chiemsee, Germany, Indatec is one of Germany's top developers of point-of-sale solutions for the independent restaurant industry. The Indatec products include a range of point-of-sale terminals, peripherals and associated software for independent restaurants and other catering facilities. More than 4,000 customers are currently using Indatec's hardware and software solutions throughout Germany, Switzerland, Austria, the Benelux and Denmark. Indatec has established a strong industry presence with a reputation for technical excellence.
"We are excited to acquire Indatec as part of our continuing strategy for growth and market penetration," said Peter Stenz, Senior Vice President, Business Intelligence of MICROS-Fidelio, EAME Group. "We are confident that our hospitality customers will benefit from the added products and services that our two companies can jointly offer."
Christoph Geissler, President and Co-Owner of Indatec, stated, "we are extremely pleased about becoming part of MICROS. We look forward to continuing to grow our business by combining the reputation and entrepreneurial spirit of our organization with the resources and industry expertise of MICROS. We see excellent growth prospects in our target markets and believe that our current customer base and prospective customers will benefit through this new relationship." Mr. Geissler will assume the title of Vice President, Indatec Operations.
"The Indatec solutions provide strong synergy with the MICROS product line and our overall product development and growth strategy," said Kaweh Niroomand, Executive Vice President EAME region. "With these products MICROS can effectively offer a point-of-sale solution to every restaurant market segment."
"As part of MICROS, we believe we can more effectively expand our current distribution channel and continue to offer superior products and services to the hospitality industry," said Wolfgang Hertwig, Sales and Marketing Manager and Co-Owner of Indatec. Mr. Hertwig will continue to be responsible for Indatec's sales and marketing activities in Germany.
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, Director of Marketing at (443) 285-8144 or (800) 638-0985 (USA and Canada only). You can also visit the MICROS website at www.micros.com or send an email to email@example.com.
The MICROS logo is a registered trademark of MICROS Systems, Inc. All other product and brand names are the property of their respective owners.