Monday, June 4, 2007
Agilysys Buys InfoGenesis For $90M
Boca Raton, Florida-based Agilysys, Inc. said Monday that it is in a definitive agreement to acquire Santa Barbara-based InfoGenesis for $90M. InfoGenesis is a provider of point-of-sale (POS) software used by the hospitality industry to manage their operations. According to Agilysys, the purchase is expected to close in mid-to-late June. The firm said that InfoGenesis had revenues of approximately $42M for the trailing 12 months ended March 31, 2007. InfoGenesis employs 170. InfoGenesis was owned by Warburg Pincus, which acquired the company in January of 2005.