Agilysys signs 10-year SaaS agreement with Marriott for PMS across US/Canada luxury, premium, and select-service hotels

AGILYSYS INC

Deploys cloud-native property management system (PMS) across Marriott's US and Canada luxury, premium, and select-service properties.
Initial term of 10 years with Marriott option to renew for an additional 5-year period; rollout expected to begin in fiscal 2025.
Marriott-funded development and pre-rollout services anticipated in fiscal 2024; Marriott may terminate without cause upon 30 days' notice with termination charges.
CEO Ramesh Srinivasan highlights hospitality focus and R&D investment; Marriott's Erika Alexander cites simplified associate experience.

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