Agilysys acquires spa administration software program answer Book4Time for $150M

Agilysys, a worldwide supplier of hospitality software program
options and companies, has acquired Book4Time in an all-cash transaction of $150 million.

Canada-based Book4Time affords spa administration software program and ancillary income for inns, resorts and different kinds of properties in additional than 100 nations worldwide. Book4Time is built-in with greater than 60 know-how suppliers, together with property administration programs and point-of-sale programs. 

Agilysys mentioned the acquisition will assist it improve its solutions-per-customer penetration globally.

“We’re
excited concerning the alternative to hitch forces with the spectacular Agilysys crew
and our shared imaginative and prescient to ship Excessive Return Hospitality,” mentioned Roger Sholanki, Book4Time founder and CEO.

“The know-how
innovation strengths of Agilysys and the broad vary of state-of-the-art
options of their portfolio, together with membership and golf, exponentially
elevates the worth we are able to ship to shoppers.” 

Ramesh Srinivasan, president and CEO at Agilysys, added, “We
stay up for accelerating hospitality know-how innovation collectively as we
mix our product strengths, totally faucet our mutual ardour for serving
prospects and make our price proposition to the hospitality {industry} much more
compelling. Whereas we share some industry-leading prospects, resembling Marriott
Worldwide and Hilton, there may be minimal overlap of properties in our
respective buyer bases, presenting alternatives to introduce extra
software program options to a wider vary of current prospects.”