Agilysys to acquire property management solution provider ResortSuite
Agilysys, a US-based hospitality software provider, has agreed to acquire Canadian property management solution provider ResortSuite in an all-cash deal worth around $25 million.
ResortSuite caters to the complex multi-amenity and resort market. The company offers an integrated suite of hospitality solutions that include spa, golf, retail, food and beverage, sales and catering, ski, and concierge applications for managing properties having multiple amenities.
Frank Pitsikalis — CEO and Founder of ResortSuite said: “Agilysys and ResortSuite share an unwavering commitment to the hospitality market, several shared customers, integrated software solutions, a passion for world class customer service and a strong desire for continued innovation which constantly improves and enriches guest experience.
“We are excited to join and contribute to the new chapter of modern technology driven growth of Agilysys 2.0 and bring an expanded product base and SaaS options to our longstanding customers.
“Both ResortSuite and Agilysys customers now have access to next generation cloud-native technology-based products and the opportunity to offer a fully integrated contactless solution for their guests while empowering all departments through a unified common profile across the entire resort.”
According to Agilysys, the acquisition provides scope to bring next generation SaaS solutions to ResortSuite’s customers. Furthermore, the combination of the two firms will facilitate revenue synergies and delivery of integrated hotel property management and contactless capabilities to the hospitality industry, said Agilysys.
Ramesh Srinivasan — President and CEO of Agilysys, commenting on Agilysys acquisition of ResortSuite, said: “Only a handful of technology providers have the experience and expertise to offer robust, comprehensive and end-to-end integrated property management solutions which can help run complex resort environments and enable enjoyable guest experiences.
“This acquisition combines two such providers creating the most compelling hospitality technology unit serving the resort market.”
The deal, which is subject to customary closing conditions, is anticipated to close in early January 2022.