Agilysys to Acquire Visual One Systems
Agilysys, Inc. announces the signing of a definitive agreement to acquire Visual One Systems, a cash transaction expected to be completed in late January 2007; Visual One Systems is a privately-owned company that develops and markets Windows-based software for the hospitality industry.
The deal will increase Agilysys' Hospitality Solutions offerings by adding a Windows-based solution for hotels and resorts to their portfolio. "The acquisition of Visual One strategically provides Agilysys a complementary product offering and significantly increases the breadth of our customer set in the hospitality market," says Arthur Rhein, chairman, president and chief executive officer of Agilysys. "Agilysys Hospitality Solutions customers will find Visual One's software can quickly and easily provide automation of the functional areas of hotel and resort environments, including their golf course, spa and catering facilities. Equally important, Visual One customers will have access to the full Agilysys offering."