Agilysys Buying Hospitality Software Maker
Terms of the cash deal, which is expected to close in January, weren't disclosed.
Visual One Systems, Frederick, Md., makes software for hospitality segments such as property management, golf courses, spas and catering. The company, which also has offices in Leatherhead, Surrey, U.K., has annual revenue of about $9 million.
The acquisition of Visual One Systems -- whose customers include North American and international hotels, resorts, conference centers and condominiums -- will enable Agilysys to expand its position in the hotel casino and destination resort market, according to Arthur Rhein, chairman and CEO of the Boca Raton, Fla.-based distributor.
"The acquisition of Visual One strategically provides Agilysys a complementary product offering and significantly increases the breadth of our customer set in the hospitality market," Rhein said in a statement.
"Agilysys Hospitality Solutions customers will find Visual One's software can quickly and easily provide automation of the functional areas of hotel and resort environments, including their golf course, spa and catering facilities," he added. "Equally important, Visual One customers will have access to the full Agilysys offering. This includes the company's Materials Management System (MMS) inventory and procurement system, patented DataMagine document management solution, hospitality consulting services, as well as a new source for all additional enterprise hardware, software or services needs."