Agilysys acquired The CTS Corporations for approximately $27.8 million, a transaction announced in May 2005, structured as all cash.
The CTS Corporations operates in IT solutions & storage (since divested), is based in United States. Agilysys acquired The CTS Corporations, a services organization specializing in IT storage solutions for large and medium-sized corporate and public-sector customers. The purchase enhanced Agilysys's comprehensive storage-solutions offering within the enterprise IT solutions business it later divested. The filing discloses only the month, May 2005.
Enhanced Agilysys's offering of comprehensive storage solutions for corporate and public-sector customers.
Added enterprise IT storage services depth. Technology solutions business (later divested)
The May 2005 acquisition of The CTS Corporations, a services organization specializing in IT storage solutions for large and medium-sized corporate and public-sector customers ... The aggregate acquisition cost was $27.8 million.Agilysys FY2008 10-K, Item 1 Business note
Advisory firms were not disclosed for this transaction.