Agilysys to acquire ResortSuite, a hotel and resort management software provider

Acquisition will strengthen Agilysys presence in hotel complexes and hotel property management systems (PMS)

ALPHARETTA, Georgia and TORONTO, December 16, 2021– (BUSINESS WIRE) – Agilysys, Inc. (NASDAQ: AGYS), a leading provider of next-generation SaaS software solutions, today announced that it has entered into a definitive agreement to acquire ResortSuite, a Fully integrated property management solution based in Canada as a supplier focused on the complex multi-equipment and resort market. This acquisition creates the opportunity to bring next generation SaaS solutions to ResortSuite customers who have been well served by a trusted partner for over twenty years. With unparalleled experience and commitment to the hospitality industry and innovation-driven track records and expertise, this combination will enable revenue synergies and the delivery of world-class integrated hotel property management and contactless capabilities to the global hospitality industry.

“Only a handful of technology providers have the experience and expertise to deliver robust, comprehensive, end-to-end integrated property management solutions that can help manage complex resort environments and enable enjoyable experiences for them. clients. This acquisition combines two of these vendors creating the most compelling hotel technology unit serving the resort market. Frank Pitsikalis (CEO and Founder of ResortSuite) and his talented team have built a business with a deep understanding of hospitality and a long history of providing world-class service to some of the most well-known resorts and spas in multiple regions, including the US, UK and Canada, ”said Ramesh Srinivasan, President and CEO of Agilysys. “With the success of our recent product modernization efforts, ResortSuite customers will benefit from many modern technology options, including migration to the cloud. “

Frank Pitsikalis, CEO and Founder of ResortSuite added, “Agilysys and ResortSuite share an unwavering commitment to the hospitality market, multiple common customers, integrated software solutions, a passion for world-class customer service and a strong desire to continuous innovation that constantly improves and enriches the customer experience. We are delighted to join and contribute to the new chapter of Agilysys 2.0’s growth focused on modern technology and to bring an expanded product base and SaaS options to our long-standing customers. ResortSuite and Agilysys customers now have access to the next generation of cloud-native. technology-based products and the ability to offer a fully integrated contactless solution to their customers while empowering all departments through a unified common profile across the complex. We share a common work ethic and culture with Agilysys. Together, we have a solid growth path ahead of us. “

The transaction is expected to close in early January 2022 for approximately $ 25 million in an all-cash transaction subject to customary closing conditions. Further details of the transaction will be discussed during Agilysys’ next fiscal year 2022 third quarter earnings conference call towards the end of January 2022.

CIBC Capital Markets Inc. acted as exclusive financial advisor to ResortSuite.

About ResortSuite

ResortSuite provides a fully integrated suite of hotel solutions for the full service and resort market, such as property management, spa, golf, sales and catering, retail, catering, skiing and resorts. concierge apps to manage properties with multiple amenities. ResortSuite operates from its head office in Toronto, Ontario, and serves several geographic regions including Canada, the United States, the United Kingdom and the Caribbean.

About Agilysys

Agilysys has been a leader in hospitality software for more than 40 years, providing innovative, cloud-native and customer-centric SaaS technology solutions for gaming, hotels, resorts and cruises, hotel and restaurant management. ‘business, restaurants, universities, health care, and sports and entertainment. Agilysys offers the industry’s most comprehensive software solutions, including point of sale (POS), property management (PMS), inventory and procurement, payments and related applications, to manage the entire journey client. Agilysys is known for its leadership in the hospitality industry, its broad product offerings and its customer-centric service. Over the past few years, Agilysys has made significant investments in R&D and has successfully modernized virtually all of its long-standing reliable software solutions. Some of the world’s largest hotel companies use Agilysys solutions to help improve guest loyalty, drive revenue growth and increase operational efficiency. Agilysys operates in the Americas, Europe, Middle East, Africa, Asia-Pacific and India with its head office located in Alpharetta, Georgia.

For more information, visit Agilysys.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211216006164/en/

Contacts

Media: Jen Reeves, Agilysys, Inc., 770-810-6007, [email protected]
Investors: Jessica Hennessy, Agilysys, Inc., 770-810-6116, [email protected]


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