• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Agilysys Buys Hospitality POS Partner InfoGenesis for $90 Million

    June 11, 2007 Timothy Prickett Morgan

    System i reseller Agilysys, which also sells application software for hotel, lodging, and other hospitality businesses, has shelled out $90 million in cash to buy InfoGenesis, a partner of its own and other ERP software suppliers that creates point-of-sale software.

    InfoGenesis is based in Santa Barbara, California, and had about $42 million in the prior 12 months, which means Agilysys is paying a very respectable premium for the company based on a deal-to-revenue ratio. InfoGenesis is a private company, so its full financials are not available, but given that Agilysys is a public company traded on the Nasdaq market, it may eventually provide some insight into the profitability of its most recent acquisition. The company had $7 million in profits against that $42 million in sales, but this is earnings before interest, taxes, depreciation, and amortization, or EBITDA. Presumably, such a multiple was necessary because InfoGenesis would be an attractive takeover target for other players in the ERP space where POS gear matters. InfoGenesis sells its POS products into casinos, hotels, resorts, cruise lines, stadiums, and restaurants.

    InfoGenesis has 170 employees, who work in its California headquarters and at its customer support center in Las Vegas.

    The money for this and several other acquisitions came from the $485 million sales of Agilysys’ IT distribution business to Arrow Electronics in January of this year.

    RELATED STORIES

    Agilysys Updates Content Management System

    Arrow Buys Agilysys’ IT Distribution Business for $485 Million

    Arrow and Agilysys Cite Weakness in Proprietary Server Sales

    Agilysys Blames Fiscal Q1 Sales Weakness on IBM ‘Proprietary Servers’



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags: Tags: mtfh_rc, Volume 16, Number 23 -- June 11, 2007

    Sponsored by
    Trinity Guard

    Register to Attend Webinar: IBM i Network Security

    From exit point traffic to lesser visible socket connections, applications connect to IBM i in various forms and pose security risks.

    Join this 1-hour session to learn the how-to’s of securing network connections to your IBM i and safeguard against costly security breaches.

    Thursday, March 25
    12 Noon CT  / 10AM PT  /  1PM ET

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Admin Alert: Weird i5 User Profile Sign-On Secrets ASNA Preps AVR for Visual Studio 2008

    Leave a Reply Cancel reply

TFH Volume: 16 Issue: 23

This Issue Sponsored By

    Table of Contents

    • Agilysys Buys Hospitality POS Partner InfoGenesis for $90 Million
    • MKS Sees Software Licensing Downturn in Q4, Gears Up for Rebound
    • The i5 515 and 525 Versus the Windows Competition
    • Open Source Software Sales Pegged at $5.8 Billion by 2011
    • CIOs Get Ready to Hire in the Summer
    • Mainsoft Updates .NET-Java Tool with 2.0 Release
    • One More Time: There Is No Gender Pay Gap
    • Spam Lives On Following Arrest of ‘Spam King’
    • As I See It: The Ne’er-Do-Well’s Guide to Enlightenment
    • IBM Buys Watchfire to Bolster Security and Compliance Testing

    Content archive

    • The Four Hundred
    • Four Hundred Stuff
    • Four Hundred Guru

    Recent Posts

    • Why Open Source Is Critical for Digital Transformation
    • mrc Refreshes IBM i Low-Code Dev Tool
    • Unit Testing Automation Hits Shift Left Instead of Ctrl-Alt-Delete Cash
    • Four Hundred Monitor, March 3
    • IBM i PTF Guide, Volume 23, Number 9
    • Doing The Texas Two Step From Power9 To Power10
    • PHP’s Legacy Problem
    • Guru: For IBM i Newcomers, An Access Client Solutions Primer
    • IBM i 7.1 Extended Out To 2024 And Up To The IBM Cloud
    • Some Practical Advice On That HMC-Power9 Impedance Mismatch

    Subscribe

    To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

    Pages

    • About Us
    • Contact
    • Contributors
    • Four Hundred Monitor
    • IBM i PTF Guide
    • Media Kit
    • Subscribe

    Search

    Copyright © 2021 IT Jungle

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.