MICROS Systems, Inc. designs,manufactures,markets, and services enterprise applications solutions for the food and beverage,hotel,and retail industries worldwide.Its food and beverage information systems consist of hardware and software for point-of-sale and operational applications; ecommerce; back office applications, including inventory, labor, and financial management,gift cards and centrally hosted enterprise applications. Hotel information systems comprise software encompassing room reservation management systems, sales and catering, revenue management, ecommerce, business analytics, central reservations, and interfaces to third party applications.Retail information systems include software encompassing point-of-sale, loss prevention, ecommerce, business analytics,customer gift cards,electronic payments, and enterprise applications. The company also provides system installation, professional consulting, operator and manager training, software hosting, on-site hardware maintenance, software as a service, customized software development, hotel reservation transaction, application software support, Website development, credit card software support, portal management, systems configuration, Web-based marketing, and network support services. In addition, it sells proprietary hardware devices, such as cash drawers, handheld order entry terminals, and pole displays, as well as resells various non-proprietary hardware products, including personal computers, servers, printers, credit card processing network cards, and other related computer equipment. MICROS Systems, Inc. distributes its products through direct sales force, dealers, and distributors. 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. As of September 5, 2014, MICROS Systems, Inc. operates as a subsidiary of Oracle Corporation.