Agilysys Completes Acquisition of Visual One Systems
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BOCA RATON, Fla., Jan. 25 -- Agilysys, Inc. (NASDAQ:AGYS), a leading provider of innovative information technology (IT) solutions, today said it has completed the previously announced acquisition of Visual One Systems, Corp., a privately held company with U.S. headquarters in Frederick, Md., and Europe headquarters in Leatherhead, Surrey, U.K.
The acquisition provides Agilysys expertise around the development, marketing and sale of Microsoft(R) Windows(R)-based software for the hospitality industry, including additional applications in property management, condominium, golf course, spa, point-of-sale, and sales and catering management.
"The addition of Visual One is keeping with our strategy to acquire companies with differentiated value, that will enhance our product and services offerings, broaden our customer base and expand our markets," said Arthur Rhein, chairman, president and chief executive officer of Agilysys.
Agilysys recently announced plans to sell its computer systems distribution business for $485 million in cash and to use proceeds from that sale to accelerate its growth as a solution provider, both organically and through acquisition.
Focusing solely on its IT solutions business, Agilysys is a leading provider of:
o Enterprise storage and server hardware, software and service solutions
to corporations and the public sector;
o Retail solutions to the supermarket, chain drug and general retail
segments of the retail industry;
o Fully integrated solutions designed exclusively for the hotel, casino,
resort, and conference center segments of the hospitality industry.
Visual One will be integrated into the company's existing hospitality solutions business.
About Agilysys, Inc.
Agilysys, Inc. (NASDAQ:AGYS) is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select vertical markets, including retail and hospitality. The company uses technology -- including hardware, software and services -- to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit www.agilysys.com.
Source: Agilysys, Inc.
CONTACT:
Analysts
Martin Ellis
Executive Vice President, Treasurer and Chief Financial Officer
+1-561-999-8780
martin.ellis@agilysys.com
Media
Julie Young
Director, Corporate Communications
+1-440-498-6736
julie.young@agilysys.com
Web site: www.agilysys.com/
