secwatch.observer — SEC 8-K summary
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Issuer:     AGILYSYS INC (AGYS)
CIK:        0000078749
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0000950170-24-099141
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agilysys acquires Book4Time for $150M cash, expands spa management SaaS leadership
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- Total consideration $150M cash, funded by cash on hand and $50M drawn from a new $75M credit facility with Bank of America.
- Book4Time is the global leader in spa management SaaS, serving more Forbes 5-Star-rated spas than any other solution.
- Acquisition at ~9x revenue multiple; minimal customer overlap with Agilysys, creating cross-sell opportunities.
- Book4Time operates in over 100 countries; named 2024 HotelTechAward Winner for Best Spa Management Software.
- Impact on FY2025 guidance to be discussed on Q2 earnings call in October 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78749/000095017024099141/0000950170-24-099141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78749/000095017024099141/agys-20240816.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-099141

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer