Agilysys acquired Visual One Systems for approximately $14.4 million, a transaction announced in January 2007, structured as all cash.
Visual One Systems operates in Hospitality software (property management), is based in United States. Agilysys acquired Visual One Systems, a developer of Microsoft Windows-based software for the hospitality industry serving full-service hotels, resorts, conference centers and condominiums. Visual One added applications spanning property management, condominium, golf, spa, point-of-sale and catering management, and was folded into Agilysys's hospitality solutions business.
Broadened Agilysys's hospitality property-management applications and Microsoft Windows-based product expertise.
Expanded property-management footprint across hotels, resorts, conference centers and condominiums. Hospitality solutions business
The January 2007 acquisition of Visual One Systems, which provided Agilysys with expertise around the marketing, development and sale of Microsoft Windows-based software for the hospitality industry, including additional applications in property management, condominium, golf course, spa, point-of-sale, and catering management. The aggregate acquisition cost was $14.4 million.Agilysys FY2008 10-K, Item 1 Business note
Advisory firms were not disclosed for this transaction.