Retail Accounting

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MICROS Integrates Torex Brand

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Micros aquires TorexMICROS Systems, a leading provider of information technology solutions for retail, has announced that it has integrated the Torex brand into its business. The Torex name has been retired immediately.
Torex, a European market leader for store systems in Retail, Hospitality, Convenience and Fuel markets, was acquired by MICROS on June 1 2012. The acquisition supports MICROS’ strategy of expanding its position in the retail market beyond North America into the UK and Europe. MICROS also plans to leverage Torex’s substantial presence in the European convenience and fuel retail market. Clients of both companies are set to benefit from an expanded product portfolio of technology and joint expertise.
“This is a very exciting time for MICROS. Together we have a truly global offering, coupled with our extensive managed service capability. We have enviable complementary solutions and client base that are testament to our joint capabilities,” remarked Senior Vice President for Business Development Frank Ward.

Author: retailaccounting

CounterBooks is an online retail accounting management suite which is used by retailers across the world.

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