Agilysys acquired Kyrus Corporation for approximately $31 million, a transaction announced in September 2003, structured as all cash.
Kyrus Corporation operates in Retail & hospitality point-of-sale software, is based in South Carolina, United States. Agilysys acquired Kyrus Corporation, a South Carolina-based reseller and integrator of retail point-of-sale systems focused on the supermarket, chain-drug and general retail segments. The deal was announced alongside Agilysys's rebranding from Pioneer-Standard Electronics and its new AGYS ticker, and marked an early move to expand from hardware distribution into higher-value store-systems solutions and services.
An early step in Agilysys's strategy to expand its range of solutions and markets served beyond pure IT distribution.
Established retail point-of-sale reseller/integrator base in supermarket and chain-drug retail.
Advisory firms were not disclosed for this transaction.