Micros Systems buys German software firm

MARYLAND WATCH

November 11, 1995

Beltsville-based Micros Systems Inc., an information systems supplier for the restaurant and lodging industry, is going global.

The publicly held company, which had profits of $11.6 million last year from its computerized point-of-sale systems, agreed yesterday to buy Fidelio Software GmbH for $28.8 million.

Fidelio, a German company that supplies computer information systems to the hotel industry, has 3,700 customers in nearly 100 countries.

Micros was listed by the Greater Baltimore Committee as one of Maryland's 40 fastest growing companies in 1994, with revenues up 125 percent, to $79.3 million.

Its largest client base is the restaurant and lodging industry.

This year, the company is expected to have revenues of more than $130 million.

The combined companies will be one of the world's largest suppliers of software and information systems for the hospitality industry, including hotel front desk operations, food and beverage management, catering, and central reservations.

Combined, they are expected to have revenues totaling more than $140 million in 1996.

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