![]() In 1981, the company raised USD 7 million through an initial public offer (IPO). Micros realised a loss of USD 88,000 and USD 109,000 in 19 respectively. The name of the company was changed to Micros Systems in 1978. He established a new company referred to as PICOS to manufacture POS terminals for restaurants (Funding Universe, 2015). In the same year, Brown saw an opportunity in manufacturing point-of-sale (POS) terminals. In 1977, Brown established a firm known as IDEAS, which specialised in designing computers. ![]() Micros Systems “was founded in the US by Louis Brown” (Funding Universe, 2015). Recommendations will also be made to improve the effectiveness of the system. The main customers who use the system will also be discussed. It will shed light on the features, benefits, strengths, and weaknesses of the system. The second part of the analysis will focus on Opera Fidelio. This will include the history, purpose, and market share of the company.
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