Agilysys acquires spa management software solution Book4Time for $150M

Agilysys, a global provider of hospitality software
solutions and services, has acquired Book4Time in an all-cash transaction of $150 million.

Canada-based Book4Time offers spa management software and ancillary revenue for hotels, resorts and other types of properties in more than 100 countries worldwide. Book4Time is integrated with more than 60 technology providers, including property management systems and point-of-sale systems. 

Agilysys said the acquisition will help it increase its solutions-per-customer penetration globally.

“We are
excited about the opportunity to join forces with the impressive Agilysys team
and our shared vision to deliver High Return Hospitality,” said Roger Sholanki, Book4Time founder and CEO.

“The technology
innovation strengths of Agilysys and the broad range of state-of-the-art
solutions in their portfolio, including membership and golf, exponentially
elevates the value we can deliver to clients.” 

Ramesh Srinivasan, president and CEO at Agilysys, added, “We
look forward to accelerating hospitality technology innovation together as we
combine our product strengths, fully tap our mutual passion for serving
customers and make our value proposition to the hospitality industry even more
compelling. While we share some industry-leading customers, such as Marriott
International and Hilton, there is minimal overlap of properties in our
respective customer bases, presenting opportunities to introduce additional
software solutions to a wider range of existing customers.”