Agilysys Completes Resort Data Processing Acquisition
Ticker: AGYS · Form: 8-K · Filed: Jun 11, 2024 · CIK: 78749
| Field | Detail |
|---|---|
| Company | Agilysys Inc (AGYS) |
| Form Type | 8-K |
| Filed Date | Jun 11, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, hospitality-tech
TL;DR
Agilysys just bought Resort Data Processing for $12M cash, closing June 7th. Hospitality tech boost incoming.
AI Summary
On June 11, 2024, Agilysys, Inc. announced the completion of its previously disclosed acquisition of Resort Data Processing, Inc. The acquisition was finalized on June 7, 2024, with Agilysys paying approximately $12.0 million in cash for Resort Data Processing. This strategic move is expected to enhance Agilysys's offerings in the hospitality technology sector.
Why It Matters
This acquisition allows Agilysys to expand its technology solutions for the hospitality industry, potentially leading to increased market share and improved service offerings for customers.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a completed acquisition with a specified cash amount, indicating a straightforward business transaction.
Key Numbers
- $12.0 million — Acquisition Cost (Cash paid by Agilysys for Resort Data Processing)
Key Players & Entities
- Agilysys, Inc. (company) — Acquiring company
- Resort Data Processing, Inc. (company) — Acquired company
- $12.0 million (dollar_amount) — Cash consideration for acquisition
- June 11, 2024 (date) — Date of 8-K filing
- June 7, 2024 (date) — Closing date of acquisition
FAQ
What was the total cash consideration paid by Agilysys for Resort Data Processing?
Agilysys paid approximately $12.0 million in cash for Resort Data Processing.
When did the acquisition of Resort Data Processing officially close?
The acquisition of Resort Data Processing closed on June 7, 2024.
What is the primary business of Resort Data Processing, Inc.?
While not explicitly detailed in this filing, the context suggests Resort Data Processing, Inc. operates within the hospitality technology sector, given Agilysys's business.
What is the filing date of this 8-K report?
This Form 8-K was filed on June 11, 2024.
What is the previous name of Agilysys, Inc.?
Agilysys, Inc. was formerly known as PIONEER STANDARD ELECTRONICS INC.
Filing Stats: 393 words · 2 min read · ~1 pages · Grade level 13.7 · Accepted 2024-06-11 08:00:11
Filing Documents
- agys-20240611.htm (8-K) — 34KB
- 0000950170-24-071618.txt ( ) — 143KB
- agys-20240611.xsd (EX-101.SCH) — 24KB
- agys-20240611_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events. On May 13, 2024, Marriott International entered into an agreement with the Company's subsidiary Agilysys NV, LLC, whereby it selected the Agilysys Golf ecosystem of products as an option for hotels in its portfolio across North America, the Caribbean and Latin America.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AGILYSYS, INC. Date: June 11, 2024 By: /s/ William David Wood III William David Wood III Chief Financial Officer (Principal Financial Officer)