Agilysys Completes Acquisition of InfoGenesis


BOCA RATON, Fla., June 18 / -- Agilysys, Inc. (NASDAQ:AGYS), a leading provider of innovative IT solutions and hospitality software solutions, today announced it has completed its acquisition of InfoGenesis, a privately held, independent software vendor (ISV) and solution provider to the hospitality market.

At approximately $42 million in annual revenues, InfoGenesis offers enterprise-class point-of-sale (POS) solutions that provide end users a highly intuitive, secure and easy way to process customer transactions across multiple departments or locations, including comprehensive corporate and store reporting. InfoGenesis has a significant presence in casinos, hotels and resorts, cruise lines, stadiums and foodservice. The company will be integrated into Agilysys' existing hospitality solutions business.

The combined portfolio of products from Agilysys and InfoGenesis offers hospitality clients worldwide a single source for all their operational technology needs. The acquisition will also provide Agilysys a competitive advantage with seamless integration between property management, POS, and inventory and procurement, in addition to its golf and spa management applications. Lastly, Agilysys will have the opportunity to develop powerful solutions with the combined resources that will enable its customers to increase guest loyalty and profitability.

Arthur Rhein, chairman, president and chief executive officer of Agilysys, said, "The addition of InfoGenesis is highly complementary to our hospitality solutions offering and keeps 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."

The purchase price of $90 million was funded by cash on hand.

About Agilysys, Inc.
Agilysys is a leading provider of IT solutions to corporate and public- sector customers, with special expertise in select 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 http://www.agilysys.com/.

FCMN Contact: cwalczak@dix-eaton.com

Source: Agilysys, Inc.

CONTACT:Analysts or Investors, Martin Ellis, Executive Vice President, Treasurer and Chief Financial Officer, +1-561-999-8780, martin.ellis@agilysys.com, or Media, Julie Young, Director, Corporate Communications, +1-440-519-8160, julie.young@agilysys.com, both of Agilysys, Inc.

Web site: http://www.agilysys.com/

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