MICROS Systems, Inc. designs, manufactures, markets, and services enterprise information solutions for the hospitality and specialty retail industries. The company’s enterprise solutions comprise hotel information systems, restaurant information systems, and specialty retail information systems. The hotel information systems consist primarily of software, encompassing property based management systems; related property-specific modules and applications; and central systems, including central reservation systems. The restaurant information systems include hardware and software for point-of-sale (POS) and operational applications; a suite of back office applications, such as inventory, labor, and financial management; and centrally hosted enterprise applications. The retail information systems comprise hardware and software encompassing POS, loss prevention, Web commerce applications, business analytics, customer gift cards, electronic payments, and enterprise applications. The company also provides system installation, operator and manager training, on-site hardware maintenance, customized software development, application software support, credit card software support, systems configuration, network support, and professional consulting services, as well as software-hosting, Web site development, portal management, and Web-based marketing services. In addition, it sells hardware devices, such as cash drawers, handheld order entry terminals, and pole displays, as well as hardware products, including personal computers, servers, printers, network cards, and related computer equipment. MICROS Systems, Inc. distributes its products through direct sales force, dealers, and distributors. It operates in the United States, Canada, Europe, the Pacific Rim, and Latin America. The company was formerly known as Picos Manufacturing, Inc. and changed its name to MICROS Systems, Inc. in 1978. MICROS Systems, Inc. was founded in 1977 and is headquartered in Columbia, Maryland.