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Application Software M&A image Application Software M&A » By The Online Investor Staff, updated Tue., May. 24, 7:08 AM Recent mergers and acquisitions in the Application Software M&A category.

Slide #42. Verteda Limited Majority of the Agilysys United Kingdom Business

Acquirer: Verteda Limited
Acquiree: Majority of the Agilysys United Kingdom Business (NASDAQ:AGYS)
Details: Agilysys, Inc. (NASDAQ:AGYS), a leading provider of innovative hospitality software solutions and services, today announced the sale of its United Kingdom business entity to U.K.-based Verteda Limited. The former Agilysys Europe management team, headed by Mr. Adrian Burns, leads Verteda. In connection with the sale, Agilysys and Verteda have entered into a multi-year distribution agreement, whereby Verteda will distribute Agilysys InfoGenesis POS, a point-of-sale system; Agilysys Eatec, an inventory & procurement system; and the Agilysys Workforce Management Solution, in EMEA, with exclusivity in the U.K. and in the stadium and arena vertical internationally. Agilysys will continue to manage all property management system (PMS) accounts as well as key global accounts in the EMEA market.



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Company Name: 
Agilysys Inc (DE)
Website: 
www.agilysys.com
Sector: 
Application Software
Number of ETFs Holding AGYS: 
49
Total Market Value Held by ETFs: 
$162.47M
Total Market Capitalization: 
$1.02B
% of Market Cap. Held by ETFs: 
15.93%
 

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Strong Buy (4.00 out of 4)
99th percentile
(ranked higher than approx. 99% of all stocks covered)

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