Agilysys acquired InfoGenesis for approximately $90.6 million, a transaction completed in June 2007, structured as all cash.
InfoGenesis operates in Hospitality software (point-of-sale), is based in United States (Santa Barbara, California), had revenue of about approximately $42 million. Agilysys completed its acquisition of InfoGenesis, an independent software vendor providing enterprise-class point-of-sale solutions to the hospitality market. InfoGenesis, with roughly $42 million in annual revenue, had a strong presence in casinos, hotels and resorts, cruise lines, stadiums and foodservice, and was integrated into Agilysys's hospitality solutions business to create a single source spanning property management, POS, and inventory and procurement.
Highly complementary to Agilysys's hospitality solutions offering; extended a strategy of acquiring companies with differentiated value that enhance products and expand markets.
Enterprise POS with a strong installed base across casinos, hotels, cruise lines and stadiums. Seamless integration between property management, POS, and inventory and procurement. Hospitality solutions business
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.Arthur Rhein, Chairman, President & CEO, Agilysys
Advisory firms were not disclosed for this transaction.