MICROS Systems Acquires TangentPOS
DECEMBER 7, 2006. MICROS Systems, Inc. (NASDAQ:MCRS), a leading provider of information technology solutions for the hospitality and retail industries, is pleased to announce the acquisition of the assets of TangentPOS, a leading provider of technology for event point-of- sale and accounting systems for food service and retail operations at sports and entertainment facilities. TangentPOS has over 200 installations in venues in North America.
TangentPOS offers various products designed to maximize food and beverage profitability at concessions, premium seats, bars, restaurants, and vending, with similar solutions for retail operations throughout sports and entertainment venues.
"TangentPOS captured our interest with its strong back-office offering and its large client base of stadiums and arenas," stated Jenny Kurdle, Executive Vice President, Leisure and Entertainment Business Unit. "Tangent's back- office, which includes perpetual inventory for stand sheets, cash management, vending and hawking, is a perfect strategic complement to our MICROS 9700 Hospitality Management System already installed in many first-class stadiums and arenas around the world."
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