Agilysys said Monday it plans to buy point-of-sale software maker and solution provider InfoGenesis in a $90 million cash deal.
The acquisition is expected to close later this month. InfoGenesis provides enterprise-class POS solutions for the hospitality industry, including casinos, hotels, resorts, cruise lines, stadiums and food service operations. The Santa Barbara, Calif.-based company has about 170 employees and totaled revenue of $42 million last year.
This is the fourth acquisition that Agilysys has made in the past six months, following the sale of its KeyLink Systems Group distribution arm to Arrow Electronics for $485 million.
The Boca Raton, Fla.-based solution provider has purchased Innovative Systems Design, a Sun Microsystems reseller; Stack Computer, a solution provider; and Visual One Systems, another hospitality software maker.
The InfoGenesis acquisition will bolster Agilysys' position in the hospitality industry, according to Arthur Rhein, Agilysys chairman and CEO.
"The acquisition will also provide us a competitive advantage with enhanced levels of integration between property management, POS, and inventory and procurement systems, as well as our golf course and spa management applications. Over the years, we have worked closely with InfoGenesis at a number of mutual customer locations and together will market a powerful single-source solution that enables properties to increase guest loyalty and overall profitability," Rhein said in a statement.
|
Five Companies That Dropped The Ball This Week For the week ending Feb. 10, CRN looks at five companies that were either asleep at the wheel or just didn't make good decisions. |
|
Five Companies That Came To Win This Week For the week ending Feb. 10, CRN looks at five companies that brought their 'A' game and made moves to beat out competitors |
|
10 Challenges That HP Wants Partners To Tackle Right Now CRN speaks with HP's business unit chiefs to get a sense of where they'd like partners to focus in the coming year, as well as how CEO Meg Whitman is making a difference. |
 More
Slide Shows |
