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