RestaurantTrade and MICROS Retail Systems Enter into Breakthrough Point-of-Sale Partnership for U.S. Hospitality Industry
RestaurantTrade (www.RestaurantTrade.com), the leading provider of Web-based reporting software for the hospitality industry, and MICROS Retail Systems (www.MICROSNYC.com), an authorized dealer of MICROS point-of-sale (POS) systems and the leading provider of POS systems in New York and New Jersey, today announced an agreement to pre-install the RestaurantTrade Operations Reporting software on all new MICROS Retail Systems installations.
In addition, MICROS will sell the software to its existing customer base.
Through the partnership, RestaurantTrade will achieve greater distribution of its lead product, Operations Reporting, while MICROS Retail Systems will have a compelling new product to offer its clients. RestaurantTrade and MICROS Retail Systems have been working on the technical integration of these products for more than six months; among the New York MICROS Retail Systems clients already using the RestaurantTrade software are Gramercy Tavern and Craft, both co-owned by Tom Colicchio, as well as Town, Lotus, and The Dining Room. Since MICROS is one of the largest POS companies in the country and MICROS Retail Systems is the largest-volume dealer (with more than 1,400 installations), the partnership greatly increases the distribution opportunities for RestaurantTrade and sets the stage for future partnerships with other MICROS dealers across the country.
POS resellers such as MICROS Retail Systems are incredibly valuable partners for RestaurantTrade, said Damian J. Mogavero, CEO and Founder, RestaurantTrade. The Operations Reporting software was developed to address the needs of the hospitality business owner; partnerships like this one with MICROS will enable us to become the industry standard for POS reporting software. The fact that POS resellers want to install and distribute our software is an important endorsement of our product as well as of our business model.
The RestaurantTrade Operations Reporting software seamlessly converts a hospitality business's raw POS data into Web-based, user-friendly reports that present critical sales, operational and financial information. These on-demand reports are used by hospitality businesses to manage operations more cost-effectively and more profitably. RestaurantTrade has received strong industry endorsements and currently has more than 100 customers, including more than 40 MICROS users.
At MICROS Retail Systems, we want to offer our customers the most powerful management tools available, said Lubodar Olesnycky, President, MICROS Retail Systems. RestaurantTrade has developed a proven and cost-effective solution, and the Operations Reporting software expands the appeal of our product line. RestaurantTrade's software is a strong example of our commitment to provide our customers with the industry's best technology solutions and services.
MICROS Retail Systems is an authorized dealer of MICROS POS systems in the New York metropolitan area. The company has won top MICROS Dealer Awards in 10 of the last 12 years and for all 16 years of its existence has been one of the top three dealers in the nation. More than 40 percent of the Zagat 200 restaurants in New York City use MICROS POS systems.
MICROS Systems, Inc., is one of the largest POS companies in the world, with 120,000 MICROS systems currently installed in more than 130 countries. The Independent Cash Register Association and System Dealer Association recently recognized MICROS with the highest Award for Systems Excellence in July 2001. Nationwide, the POS industry has a greater than 70 percent penetration in the hospitality industry.
RestaurantTrade's software helps our partners improve customer loyalty and sell more systems, said Michael Weisser, Senior Director of Business Development, RestaurantTrade, who oversees the company's partnership strategy. MICROS Retail Systems is both a critical partnership for us that will open doors with additional MICROS resellers as well as a strong validation of our strategy from one of the most influential POS resellers in the country. This partnership will undoubtedly help us as we pursue agreements with resellers of other types of POS systems.
About RestaurantTrade, Inc.
RestaurantTrade develops Web-based software applications that streamline back-office operations. The RestaurantTrade Operations Reporting software integrates with point-of-sale (POS) systems and converts existing raw data into user-friendly reports that contain the information critical to managing day-to-day back-office operations. The POS industry has a greater than 70 percent penetration in the hospitality industry nationwide; because Operations Reporting is the only software application with universal POS integration, it is uniquely positioned to capitalize on this market. As RestaurantTrade expands, the Operations Reporting software will serve as a platform upon which additional software applications will be built. The RestaurantTrade team has deep hospitality experience, making it particularly qualified to understand the industry. The company was founded in 1999 and is based in New York City. For more information, please visit www.RestaurantTrade.com.
About MICROS Retail Systems Inc.
MICROS Retail Systems Inc. is a full-service agent and the world's largest-volume dealer for MICROS POS systems. The company's complete range of IT solutions for the hospitality industry include hardware, software, systems integration, consulting and long-term support. Clients include single- and multi-unit restaurants, hotels, country clubs, fast-food establishments, casinos, food courts, stadiums and arenas. The company was founded in 1986 and is located in Weehawken, N.J. More information can be found at www.MICROSNYC.com.
In addition, MICROS will sell the software to its existing customer base.
Through the partnership, RestaurantTrade will achieve greater distribution of its lead product, Operations Reporting, while MICROS Retail Systems will have a compelling new product to offer its clients. RestaurantTrade and MICROS Retail Systems have been working on the technical integration of these products for more than six months; among the New York MICROS Retail Systems clients already using the RestaurantTrade software are Gramercy Tavern and Craft, both co-owned by Tom Colicchio, as well as Town, Lotus, and The Dining Room. Since MICROS is one of the largest POS companies in the country and MICROS Retail Systems is the largest-volume dealer (with more than 1,400 installations), the partnership greatly increases the distribution opportunities for RestaurantTrade and sets the stage for future partnerships with other MICROS dealers across the country.
POS resellers such as MICROS Retail Systems are incredibly valuable partners for RestaurantTrade, said Damian J. Mogavero, CEO and Founder, RestaurantTrade. The Operations Reporting software was developed to address the needs of the hospitality business owner; partnerships like this one with MICROS will enable us to become the industry standard for POS reporting software. The fact that POS resellers want to install and distribute our software is an important endorsement of our product as well as of our business model.
The RestaurantTrade Operations Reporting software seamlessly converts a hospitality business's raw POS data into Web-based, user-friendly reports that present critical sales, operational and financial information. These on-demand reports are used by hospitality businesses to manage operations more cost-effectively and more profitably. RestaurantTrade has received strong industry endorsements and currently has more than 100 customers, including more than 40 MICROS users.
At MICROS Retail Systems, we want to offer our customers the most powerful management tools available, said Lubodar Olesnycky, President, MICROS Retail Systems. RestaurantTrade has developed a proven and cost-effective solution, and the Operations Reporting software expands the appeal of our product line. RestaurantTrade's software is a strong example of our commitment to provide our customers with the industry's best technology solutions and services.
MICROS Retail Systems is an authorized dealer of MICROS POS systems in the New York metropolitan area. The company has won top MICROS Dealer Awards in 10 of the last 12 years and for all 16 years of its existence has been one of the top three dealers in the nation. More than 40 percent of the Zagat 200 restaurants in New York City use MICROS POS systems.
MICROS Systems, Inc., is one of the largest POS companies in the world, with 120,000 MICROS systems currently installed in more than 130 countries. The Independent Cash Register Association and System Dealer Association recently recognized MICROS with the highest Award for Systems Excellence in July 2001. Nationwide, the POS industry has a greater than 70 percent penetration in the hospitality industry.
RestaurantTrade's software helps our partners improve customer loyalty and sell more systems, said Michael Weisser, Senior Director of Business Development, RestaurantTrade, who oversees the company's partnership strategy. MICROS Retail Systems is both a critical partnership for us that will open doors with additional MICROS resellers as well as a strong validation of our strategy from one of the most influential POS resellers in the country. This partnership will undoubtedly help us as we pursue agreements with resellers of other types of POS systems.
About RestaurantTrade, Inc.
RestaurantTrade develops Web-based software applications that streamline back-office operations. The RestaurantTrade Operations Reporting software integrates with point-of-sale (POS) systems and converts existing raw data into user-friendly reports that contain the information critical to managing day-to-day back-office operations. The POS industry has a greater than 70 percent penetration in the hospitality industry nationwide; because Operations Reporting is the only software application with universal POS integration, it is uniquely positioned to capitalize on this market. As RestaurantTrade expands, the Operations Reporting software will serve as a platform upon which additional software applications will be built. The RestaurantTrade team has deep hospitality experience, making it particularly qualified to understand the industry. The company was founded in 1999 and is based in New York City. For more information, please visit www.RestaurantTrade.com.
About MICROS Retail Systems Inc.
MICROS Retail Systems Inc. is a full-service agent and the world's largest-volume dealer for MICROS POS systems. The company's complete range of IT solutions for the hospitality industry include hardware, software, systems integration, consulting and long-term support. Clients include single- and multi-unit restaurants, hotels, country clubs, fast-food establishments, casinos, food courts, stadiums and arenas. The company was founded in 1986 and is located in Weehawken, N.J. More information can be found at www.MICROSNYC.com.
