Agilysys Back To Profitability; Sells Retail Division, Buys New Product Line
June 17, 2013 Dan Burger
A two-week flurry of activity, including a financial report that showed a return to profitability, the sale of one business unit and the acquisition of another, has Agilysys popping up on the BusinessWire like thunderstorms on a Florida summer afternoon. Agilysys is best known in the IBM midrange community for its hospitality and gaming software that is dominant in those markets. However, the company has more than that on its plate. Two weeks ago, Agilysys announced it was selling its Retail Solutions Group to an affiliate of Clearlake Capital Group for $34.55 million in cash. An estimated 200 customers buy |