Agilysys acquires Eatec Corporation

Agilysys acquired Eatec Corporation for approximately $25.0 million, a transaction completed in February 2008, structured as all cash.

Eatec Corporation operates in Hospitality software (inventory & procurement), is based in United States (Emeryville, California). Agilysys acquired Eatec Corporation, a developer and marketer of inventory and procurement software whose EatecNetX product (rebranded Eatec Solutions by Agilysys) served restaurants, hotels, stadiums and entertainment venues worldwide. The deal strengthened Agilysys's standing as a leading inventory and procurement solution provider to the hospitality and foodservice markets.

Enhanced Agilysys's standing as a leading inventory and procurement solution provider to hospitality and foodservice.

Recognized inventory & procurement platform used by leading restaurants, hotels and stadiums. Hospitality solutions business

On February 19, 2008, the company acquired all of the shares of Eatec Corporation, a privately held developer and marketer of inventory and procurement software. Eatec's software, EatecNetX (now called Eatec Solutions by Agilysys) ... Eatec was acquired for a total cost of $25.0 million.Agilysys FY2008 10-K, Business Combinations note

Advisory firms were not disclosed for this transaction.

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