Agilysys Signs Definitive Agreement to Acquire InfoGenesis
BOCA RATON, Fla. – June 4, 2007 – Agilysys, Inc. (NASDAQ: AGYS), a leading provider of innovative IT solutions and hospitality software solutions, today announced it has entered a definitive agreement to acquire InfoGenesis, a privately held, independent software vendor (ISV) and solution provider to the hospitality market. Based in Santa Barbara, Calif. and 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.
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