Advertisement
12/20/2021

Agilysys to Acquire Resort & Hotel Management Software Provider

Buyout of ResortSuite will strengthen Agilysys’ presence in the resorts and hotel property management systems space.
Anna Wolfe
Senior Editor - Restaurants
Anna Wolfe  profile picture

Agilysys, Inc. has entered into a definitive agreement to acquire ResortSuite, a Canada-based fully integrated property management solution provider focused on the complex multi-amenity and resort market. This acquisition creates the opportunity to bring next generation SaaS solutions to ResortSuite customers who have been served well by a trusted partner for more than twenty years. With unparalleled experience and commitment to the hospitality industry and innovation driven roadmaps and expertise, this combination will enable revenue synergies and delivery of world class integrated hotel property management and contactless capabilities to the global hospitality industry.

Frank Pitsikalis, CEO & Founder, ResortSuite said both ResortSuite and Agilysys customers now have access to next generation cloud-native technology-based products and the opportunity to offer a fully integrated contactless solution for their guests while empowering all departments through a unified common profile across the entire resort. 

The transaction is expected to close the beginning of January 2022 for approximately 25 million USD in an all-cash deal subject to customary closing conditions. Further details of the transaction will be discussed during the upcoming Agilysys fiscal 2022 third quarter earnings call towards the end of January 2022.

 
 

Image
merger handshake deal