Agilysys Hospitality News Feed

Agilysys Enhances Relationship with Oracle Retail for Mid-Sized Retailers

Maureen Morreale — Wed, 20 Aug 2008 17:45:03 -0400

BOCA RATON, Fla. — Aug. 20, 2008 — Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, announced today an enhanced relationship with Oracle Retail to help provide a cost-effective store solution to mid-sized retailers. Through this enhanced relationship, Agilysys will now be a leading integration and support services provider to mid-sized retailers in North America for Oracle Retail's stores software suite. The bundled offering will provide retailers with an integrated solution, combining the strengths of Agilysys' systems implementation expertise, services, hardware procurement and support with the Oracle Retail stores software applications.

"The combined solution helps to improve operational efficiency, technology utilization and in-store profitability at an attractive price point for retailers who may not otherwise be able to implement such a robust solution," said Paul Civils, vice president, Agilysys Retail Solutions Group. "We work with customers as their trusted advisors to provide this innovative bundled solution that goes far beyond today's typical business and IT systems. Agilysys ensures that the software and technology is delivered, installed and supported throughout its entire lifecycle."

With access to real-time customer, product and market information, there are more opportunities to turn occasional shoppers into lifetime customers. Additionally, this relationship will help generate measurable results with improved total cost of ownership (TCO), revenue and profitability through an offering which combines pre-configured software/middleware, pre-certified hardware & peripherals, delivery via streamlined professional services and on-going support.

Oriental Hyde Park Selects Agilysys Point-of-Sale Solution

Maureen Morreale — Mon, 18 Aug 2008 17:45:03 -0400

BOCA RATON, Fla. — Aug. 18, 2008 — Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, including specifically-designed hospitality software solutions, has announced that Mandarin Oriental Hyde Park in London has selected the InfoGenesis POS system from Agilysys to streamline food and beverage operations and enhance guest service at the award-winning 200-room property, which is owned and managed by Mandarin Oriental Hotel Group.

"We've taken the stance of using only 'Best of Breed' solutions in our hotels, and, in our opinion, Agilysys provides the most advanced point-of-sale solution on the market," said Mandarin Oriental Hotel Group's Vice President of Hotel Information Systems Gary McCallum. "The InfoGenesis POS combines an accessible user interface with powerful configuration and reporting tools, which enables us to provide exceptional guest service. It's always exciting to introduce new staff to the system — particularly if they've worked with other POS solutions — and watch their eyes light up when they use it. Its performance and flexibility are unmatched in the industry."

The InfoGenesis POS system combines the performance, familiarity and ease-of-use of Windows software with a relational database to deliver a robust point-of-sale solution scalable enough for hospitality operations of all sizes. The InfoGenesis POS solution can manage any combination of dining, bar, room service and gift shop operations. Features of the system include:

Real-time reporting capabilities that enable properties to create customized reports and review guest spending patterns;

Sorting, filtering and grouping options that enable staff to locate information quickly and easily;

Organizational controls that allow staff to monitor configuration changes in the system; and

Encryption tools that ensure the security of guest data.

"The InfoGenesis POS solution has a successful track record at many of the world's leading hotels and is ideally suited to the needs of Mandarin Oriental Hyde Park," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions Group. "The system's flexibility and functionality not only will enable the property's food and beverage operations to run at peak efficiency, but also will allow the hotel to capitalize on revenue opportunities like never before."

With the tranquility of Hyde Park on one side and the sophistication of Knightsbridge on the other, the historic five-star Mandarin Oriental Hyde Park boasts London's most perfect location. Breathtaking views of the park are offered from many of the sumptuous suites, as well as from the hotel's award-winning restaurants, Foliage and The Park, while Mandarin Bar is the center of the city's nightlife. The Spa at Mandarin Oriental offers a haven of tranquility in the heart of Knightsbridge where East and West blend in harmony, and a series of tailor-made treatments known as 'Time Rituals' draw on exotic therapies and philosophies from around the world.

Agilysys Reports Summary Unaudited Fiscal 2009 First-Quarter

Maureen Morreale — Thu, 07 Aug 2008 17:45:03 -0400

BOCA RATON, Fla. – August 7, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, today announced certain fiscal 2009 unaudited first-quarter summary financial information for the period ended June 30, 2008.

First-Quarter Results of Operations
Revenue for the first quarter increased 43.4% to $184.1 million, compared with $128.4 million in the first quarter of fiscal 2008. Organic revenue was $120.2 million, a decrease of 4.9% compared with the first quarter of fiscal 2008. Revenue from the company's acquisitions of Innovativ, InfoGenesis, Eatec and Triangle ("Acquisitions") contributed $63.9 million, or 34.7% of revenue.

Fiscal 2009 first-quarter revenue from hardware products was $132.4 million, up 45.5%, compared with $91.0 million a year ago. Software revenue was $17.7 million, up 42.7% from $12.4 million a year ago. Services revenue was $34.1 million, up 36.4% from $25.0 million a year ago.

Gross profit for the first quarter was $48.6 million, or 26.4% of revenue, compared with $32.3 million, or 25.2% of revenue, for the first quarter of fiscal 2008. The increase was due to higher selling margins in the company's technology solutions segment and higher proprietary services sales in the quarter compared with the prior-year period.

Selling, general and administrative (SG&A) expenses for the first quarter were $57.3 million, or 31.1% of revenue, compared with $37.6 million, or 29.3% of revenue, an increase of $19.7 million compared with the prior–year period. Acquisitions accounted for $14.4 million in incremental SG&A expenses. Depreciation and amortization for the quarter was $6.9 million, compared with $1.8 million a year ago. Also, included in the fiscal 2009 first quarter was in excess of $0.5 million of unanticipated expense associated with the costs of additional communications with our shareholders and exploring strategic alternatives.

The fiscal 2009 first-quarter results includes a restructuring charge of $23.1 million, of which $2.5 million is related to severance costs associated with the previously announced cost reduction plan, and $20.6 million is related to the write-off of goodwill and intangible assets associated with The CTS Corporations, which was acquired in May 2005.

Operating loss for the first quarter was $31.8 million compared with a loss of $5.3 million in the first fiscal quarter of 2008. The increase in operating loss of $26.5 million from fiscal 2008 is attributable to increased gross margin of $16.3 million offset by the restructuring charge of $23.1 million and increased SG&A of $19.7 million.

"Our hospitality and retail solutions businesses continue to perform well in the current economic environment," said Arthur Rhein, chairman, president and chief executive officer of Agilysys. "Although weak demand for IT products and services continues, our technology solutions sales were disappointing and did not meet expectations. We saw a number of projects with large customers delayed and we dealt with disruptions caused by the restructuring of the business."

Magirus
As previously announced on June 2, 2008, in the company's fourth quarter earnings release, Agilysys recorded material other income during fiscal year 2008 resulting from its 20% ownership interest in Magirus AG, a privately held enterprise computer systems distributor headquartered in Germany. Since financial information associated with the company's proportionate share of gains and losses reported by Magirus remain unaudited and unconfirmed, Agilysys is currently unable to complete preparation of its consolidated financial statements for the year ended March 31, 2008.

Due to these open accounting matters related solely to the company's minority investment in Magirus, Agilysys is reporting summary financial information which is unaudited. When the audit of Agilysys' share of Magirus' income and losses is complete, the company will file its financial statements for all applicable periods with the SEC.

Hospitality Solutions Group
In the first quarter of fiscal 2009, the Hospitality Solutions Group (HSG) recorded revenue of $24.8 million, up 85.1% compared with $13.4 million in the first quarter of fiscal 2008. A total of $13.2 million, or 53.2% of revenue, came from the acquisitions of InfoGenesis, Eatec and Triangle, a UK-based reseller and specialist for InfoGenesis products and services, which was acquired in April 2008.

Depreciation and amortization for HSG was $1.3 million in the first quarter of fiscal 2009, compared with $0.3 million in the first quarter of fiscal 2008. Included in the first quarter of fiscal 2009 was $1.0 million of depreciation and amortization attributable to the acquisitions.

Operating income was $1.8 million in the first quarter for HSG, compared with $1.6 million a year ago. Operating income margin was 7.3%, compared with 11.9% a year ago.

Current quarter operating income includes $1.1 million of development costs associated with HSG's development of Guest360TM, which were $0.8 million higher than in the first quarter of fiscal 2008. Guest360 is HSG's next-generation property management solution, and was recognized as 'Best New Technology' at HITEC 2007. The company plans to complete development and launch Guest360 in fiscal 2010. The product is on target for beta testing this year with a 250-room, upscale property in Tennessee.

Excluding development costs associated with Guest360 operating income would have been $2.9 million, or 11.7% of revenue.

Retail Solutions Group
In the first quarter of fiscal 2009, the Retail Solutions Group (RSG) recorded revenue of $37.5 million, representing an increase of 84.7% compared with $20.3 million in the same quarter a year ago. RSG had double-digit revenue growth in hardware, software and services.

Operating income was $3.8 million in the first quarter of fiscal 2009, compared with $1.1 million in the first quarter of fiscal 2008. Operating income margin was 10.1%, compared with 5.4% in the first quarter of fiscal 2008. Expansion of operating income margin was due to economies of scale and a higher volume of proprietary services.

Technology Solutions Group
In the first quarter of fiscal 2009, the Technology Solutions Group (TSG) recorded revenue of $121.8 million, up 28.6%, compared with $94.7 million in the first quarter of fiscal 2008. The company's acquisition of Innovativ contributed $50.7 million to quarterly revenue. Organic revenue declined by almost 25% year-over-year. Continued weak demand for IT products and services, disruptions caused by the restructuring of the business and the purchasing patterns of our largest customers, many of whom this year are deferring large purchases to the back half of the year, resulted in disappointing performance for our Technology Solutions Group.

Depreciation and amortization for TSG was $4.4 million in the first quarter of fiscal 2009, compared with $0.5 million in the first quarter of fiscal 2008. The increase in depreciation and amortization is due to intangible amortization associated with the acquisition of Innovativ.

Operating loss was $1.1 million in the first quarter of fiscal 2009, compared with operating income of $3.0 million a year ago.

Corporate
Depreciation and amortization was $1.1 million in the first quarter of fiscal 2009, compared with $0.8 million in the first quarter of fiscal 2008.

Operating loss was $36.3 million in the first quarter of fiscal 2009. Included in operating loss is $1.7 million of stock compensation expense compared with $1.8 million in the prior year. In addition, the company incurred in excess of $0.5 million of unanticipated expense associated with the cost of additional communications with our shareholders and exploring strategic alternatives.

Also reported in the quarter was a restructuring charge of $23.1 million, of which $2.5 million is related to severance costs associated with the company's cost reduction plan, and $20.6 million is related to the write-off of goodwill and intangible assets associated with the acquisition of The CTS Corporations. Excluding restructuring charges in the quarter, corporate operating loss would have been $13.2 million compared with a loss of $11.0 million in the first quarter of fiscal 2008. The increase in corporate segment losses is primarily due to higher employee benefit expenses, professional fees and costs associated with exploring strategic alternatives.

Cost Reductions
As previously announced in its fourth-quarter earnings release on June 2, 2008, the company conducted a detailed review of its businesses to identify opportunities to improve operating efficiencies and reduce costs. The majority of the costs eliminated are compensation and other employee-related expenses. As of June 30, 2008, the company had executed on its cost savings plan and expects to realize the benefits starting in the second quarter.

The combination of these actions is expected to result in the company meeting its previously announced annual cost reduction goal disclosed on June 2, 2008.

Business Outlook
"Given the current uncertain economic environment, we have conducted a review of the prospects for our businesses for this fiscal year. While projects and purchases have been delayed and/or reduced in scope, our customers are not cancelling projects," said Rhein. "Our largest customers still expect to procure product consistent with expectations provided earlier in this fiscal year, with many customers deferring large purchases to the back half of our fiscal year."

The company expects fiscal 2009 revenue to be between $860 million and $900 million, however, achieving the high end of the range will be more difficult and is largely dependant on TSG customers making purchases consistent with current expectations. Full-year gross margin is still expected to be approximately 24.5% to 25.0%.

The company expects SG&A to be approximately $210 million to $213 million excluding restructuring charges but including stock compensation expense of $5.4 million and depreciation and amortization of approximately $27.0 million. The company plans continued investments in the Hospitality Solutions Group's launch of Guest360, which is estimated to cost approximately $4.1 million, of which $3.1 million is forecast to be expensed.

Given the open accounting matters related solely to the company's minority investment in Magirus, it is difficult to provide guidance for earnings from continuing operations at this time. When the audit of Agilysys' share of Magirus income and losses is complete, the company will provide guidance for earnings from continuing operations.

Capital expenditures are estimated to be $8 to $10 million for the year.

The company's continued wide range on guidance reflects the current uncertainty around the macroeconomic environment and anticipated demand for TSG products later in the fiscal year. The company will revise guidance as the year unfolds and our customers' IT spending becomes clearer.

Conference Call Information
A conference call to discuss the first quarter results is scheduled for 11 a.m. ET on Thursday, August 7, 2008. The conference call will be broadcast live over the Internet and the call will be archived on the investor relations page of the company's Web site: www.agilysys.com.

Forward-Looking Language
Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause the actual results of Agilysys to differ materially from those anticipated by the forward-looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent SEC filings.

Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, sales volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, and new product introductions.

Other associated risks include geographic factors, political and economic risks, the actions of Agilysys competitors and vendors, changes in economic or industry conditions in the markets served by Agilysys, the ability to appropriately integrate and derive performance from acquisitions, strategic alliances, and joint ventures, and the ability of the company to identify and complete a strategic transaction.

In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC's Web site, www.sec.gov.

Belfasts Malone Lodge Selects Visual One Solutions by Agilysys

Maureen Morreale — Wed, 16 Jul 2008 17:45:03 -0400

BOCA RATON, Fla. – July 21, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative information technology and hospitality software solutions, announced today that Malone Lodge Hotel, Apartments & Suites in Belfast, Northern Ireland has selected the Visual One property management system and Visual One sales & catering solution to increase efficiency and streamline operations at the upscale boutique property.

"After a lengthy review process, we concluded that the Visual One solutions were a perfect fit for us," said Gareth Macklin, business development manager at Malone Lodge, Hotel, Apartments & Suites. "We're a very unique property, with four buildings, a range of accommodations and wide differentiation in categorization. We needed a sophisticated property management system that could handle these variables. Also, we wanted a sales and catering product that could manage a wide range of conference and banquet facilities. The Visual One solutions will enable us to improve guest service and, ultimately, drive more revenue to our bottom line."

The Visual One property management solution offers a wide range of features and functionality, including front office operations, guest history, housekeeping, night audit, reservations management, room maintenance and travel agent management. The property also selected the Visual One sales & catering solution, a powerful and flexible software system that manages meeting room and banquet operations and is fully integrated with the Visual One property management system, utilizing the same database and providing real-time information exchanges.

"The combined power of the Visual One property management and sales & catering solutions will enable Malone Lodge to manage day-to-day operations much more efficiently," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions Group. "These systems are ideally suited for upscale properties that provide meeting and banquet amenities. The flexibility and reliability of the Visual One solutions will maximize profitability while taking guest service to an even higher level."

Malone Lodge Hotel, Apartments & Suites is situated in the peaceful suburbs of the Queen's Quarter of Belfast. The four-star property is one of the city's finest boutique townhouse hotels and offers a wide range of accommodations, including apartments and guest suites, as well as a fitness center, restaurant, bar and meeting facilities. Malone Lodge is the recent recipient of the Go Belfast 'Hotel of the Year' award and the Getting Married in Northern Ireland 'Wedding Venue of the Year' award. The property also has been cited by the Northern Ireland Tourist Board as a 'Highly Commended Hotel of the Year.'

Agilysys Wins RSPA/VSR Innovative Solution Award

Maureen Morreale — Wed, 16 Jul 2008 17:45:03 -0400

BOCA RATON, Fla. – July 16, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions announced today that it has received an Innovative Solution Award for its NextManager software solution, winning for the supermarket category in the first annual award presented by the Retail Solutions Provider Association (RSPA) and Vertical Systems Reseller (VSR). The award, which recognizes outstanding achievements in technologically advanced multi-vendor solutions serving small to medium businesses, was presented to Agilysys on July 15 at an awards banquet during the RetailNOW expo in Las Vegas, Nev.

"Enhancing the shopping experience through improved customer satisfaction is critical in today's competitive retail environment," said Paul Civils, vice president of Agilysys Retail Solutions Group. "NextManager is a unique product, allowing retail managers to expedite several functions from within their store, all from a hand-held device. We are honored to be recognized for this technology, which has proven to be instrumental in boosting both productivity and customer satisfaction."

"We have been very pleased with the functionality of the NextManager solution and it has enabled us to run our front-end store more efficiently," said Alan Aront, vice president of the Technology Division at Wakefern Food Corporation, who uses the NextManager solution in a number of ShopRite supermarkets located throughout their trading area.

Judging criteria for the RSPA/VSR Innovative Solutions Awards were based on creativity, uniqueness, the ability to enhance the industry as a whole, cost-efficiency and impact on end user.

Savan Vegas Hotel and Casino in Laos Selects Agilysys Solution Suite

Maureen Morreale — Mon, 14 Jul 2008 17:45:03 -0400

BOCA RATON, Fla. — July 14, 2008 — Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, including specifically-designed hospitality software solutions, has announced that Savan Vegas Hotel & Casino in Savannakhet, Laos has selected a comprehensive portfolio of software solutions to increase efficiency and enhance guest service at the 180-room luxury property, scheduled to open in September. Savan Vegas Hotel & Casino is managed by Sanum Investments, Ltd.

The property was looking for a single vendor to provide a suite of solutions that addressed all facets of hotel and casino operations. It also wanted systems that were reliable and user-friendly. The Agilysys portfolio provided that suite, with software that automates property management, inventory and procurement, point-of-sale and document management.

"When investigating property management and point-of-sale solutions for our property in Laos, we wanted systems that were proven, scalable and easy to integrate with other applications like casino management, player tracking and financial management," said Glen Hunter, vice president of information technology at Sanum Investments, Ltd. "We also wanted enterprise solutions that would allow us to add and manage other properties from a single location. The Agilysys software solutions met our criteria, and the fact that they run on IBM iSeries eased our system reliability concerns. We look forward to implementing the Agilysys solutions and developing a long-term working relationship with the company."

Savan Vegas Hotel & Casino will use the following solutions from Agilysys:

Lodging Management System® (LMS), a comprehensive property management solution that automates every aspect of hotel operations. Savan Vegas Hotel & Casino will use LMS CASH®, a credit authorization and settlements handling module, to provide instant online credit card approval combined with express check-in; and LMS ResNet, a Web-based real-time reservation system, to enable online shoppers to check room rates and availability and book reservations directly into the LMS property management system.

InfoGenesis POS solution by Agilysys, an enterprise-ready POS system that combines powerful reporting and configuration capabilities with an easy-to-use touch-screen terminal application. The system's centralized database pulls together food and beverage functions, which will enable the property to manage its dining, bar and room service operations.

Stratton Warren System (SWS) by Agilysys, a robust inventory and procurement solution that will enable Savan Vegas Hotel & Casino to obtain the best prices for goods and services and maximize buying power. The property will use the SWS Bar Coding module for wireless data collection of inventory; and the SWS Menu/Recipe Analysis module to manage food and beverage costs.

DataMagine Report Archive, a host-based report management solution. DataMagine Report Archive automatically captures, indexes and electronically files all ongoing application-generated general business form documents and reports, including invoices, credit memos, purchase orders and checks.

"We are proud to add Savan Vegas Hotel & Casino to our growing customer base in Southeast Asia," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions Group. "The property is making strong commitment to guest service with its investment in technology systems that address everything from property management to procurement. Our comprehensive solution suite will enable the hotel to deliver an exceptional guest experience while streamlining operations, minimizing operating costs and conserving resources in virtually every department."

Savan Vegas Hotel & Casino, located in Savannakhet Province, Laos, will be the area's first five-star hotel and entertainment complex. It will include 180 guest rooms, a 58,000-square-foot casino, two restaurants, a coffee shop, bar, pool and spa. The $25 million property is scheduled to open in September 2008.

Agilysys Waiting on Audited Financial Statements of Magirus

Maureen Morreale — Wed, 09 Jul 2008 17:45:03 -0400

BOCA RATON, Fla. – July 9, 2008 – Agilysys, Inc. (Nasdaq: AGYS) today announced that, on July 3, 2008, the company received a NASDAQ staff determination letter stating the company's shares are subject to potential delisting. The potential delisting is related to Agilysys' delay in filing its Form 10-K for the fiscal year ended March 31, 2008 with the Securities and Exchange Commission (SEC), as required by Marketplace Rule 4310(c)(14).

The delay in filing the Form 10-K is due to Agilysys waiting on audited financial statements for its investment in a foreign entity. As previously announced on June 2, 2008, in the company's fourth quarter earnings release, Agilysys recorded material other income of $8.9 million during fiscal year 2008 resulting from its 20% ownership interest in Magirus AG, a privately held enterprise computer systems distributor headquartered in Germany. Due to the materiality of Magirus to Agilysys' financial statements in fiscal 2008, Agilysys requires audited confirmation of Magirus income and SEC rules require audited financial statements related to Magirus to be filed with the company's Form 10-K. Agilysys expects to be in a position to file its Form 10-K within 60 days.

Agilysys will submit a request for a hearing before the NASDAQ Listing Qualifications Panel to appeal NASDAQ's determination. The request for a hearing will automatically stay the delisting of the company's common shares until the Panel makes its decision.

Forward-Looking Language
Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause Agilysys actual results to differ materially from those anticipated by the forward-looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent SEC filings.

Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, revenue volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, new product introductions and economic conditions.

In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC's Web site, www.sec.gov.

Pebble Beach Company Selects Eatec Solution from Agilysys

Maureen Morreale — Wed, 09 Jul 2008 16:45:03 -0400

BOCA RATON, Fla. — July 9, 2008 — Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, including specifically-designed hospitality software solutions, has announced that Pebble Beach Company in Pebble Beach, Calif. has selected the Eatec inventory and procurement solution by Agilysys to increase efficiency and control costs at its three resort properties — The Lodge at Pebble Beach, The Inn at Spanish Bay and Casa Palmero.

"We were impressed by the Eatec solution's ability to handle multiple properties efficiently, and it was the easiest user interface of all the systems we evaluated," said Vice President of Information Services for Pebble Beach Company Dominic Van Nes. "With the Eatec inventory and procurement solution, we expect to gain better control of our food costs, both in pricing and yields. We also look forward to being able to run real-time reports on our food and beverage inventory and consumption."

The Eatec solution by Agilysys is a Windows®-based, full-featured inventory and procurement software system designed especially for the foodservice and hospitality industries. Along with its core purchasing, inventory, recipe, forecasting, production and sales analysis functions, the system also offers modules for catering, concessions, restaurant and retail. The modular software structure enables customers to construct the exact set of features it needs — whether an enterprise-wide solution for multiple sites or a single-site system for multiple functions.

Pebble Beach Company also will use the Eatec nutrition module to assign nutritional values to inventory items and recipes. This information can be used in buffet plans and menus to build healthy meals and monitor nutritional content. The module includes the USDA nutritional database and a full complement of reports.

"Pebble Beach Company is recognized worldwide for its impeccable service and attention to detail, and the Eatec inventory and procurement solution will enable its resort properties to streamline operations and enhance guest service," said Tina Stehle, senior vice president and general manager at Agilysys Hospitality Solutions. "With the addition of Pebble Beach Company to our client roster, we continue to expand our role within the upscale resort segment and are confident our solutions will enable these properties to gain a competitive edge."

Pebble Beach Company is the parent company of The Lodge at Pebble Beach, the Inn at Spanish Bay, Casa Palmero, The Spa at Pebble Beach, Pebble Beach Golf Links, The Links at Spanish Bay, Spyglass Hill Golf Course and Del Monte Golf Course. Its resorts and golf courses are known worldwide for their stunning oceanfront locations, peerless quality and outstanding service. Pebble Beach Resorts has played host to four U.S. Open Championships and was rated the No. 1 golf resort in America by Golf Digest magazine in 2007.

Agilysys Board Names Special Committee to Oversee Strategic Evaluation; Appoints R. Andrew Cueva, Managing Director of MAK Capital to Fill Board Vacancy

Maureen Morreale — Wed, 25 Jun 2008 16:45:03 -0400

BOCA RATON, Fla. – June 25, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, today announced that its Board of Directors has appointed five independent directors to a special committee created to oversee the company's strategic evaluation process.

Effective immediately, the board also has appointed R. Andrew Cueva to fill a vacancy on the nine-member board following the resignation of director Dr. Curtis J. Crawford, who intended not to stand for re-election at the company's 2008 annual shareholder meeting because of a major scheduling conflict. Due to the recently announced postponement of the annual meeting, Dr. Crawford has decided to depart now.

Cueva, managing director of MAK Capital, the company's largest shareholder, will serve on the special committee. Directors Thomas A. Commes and Howard V. Knicely will co-chair the committee, which will also include Keith M. Kolerus and Robert G. McCreary, III.

"The independent members of the special committee are highly qualified to analyze all of the strategic alternatives available to our company," said Arthur Rhein, chairman, president and chief executive officer of Agilysys. "They possess a broad range of business experience and have gained substantial knowledge about Agilysys either as members of the board or as a long-term major shareholder. We are confident of their ability to present prudent recommendations for the full board to consider on behalf of all of Agilysys' stakeholders."

Agilysys intends to disclose developments regarding the strategic evaluation process only if and when the board has approved a specific course of action after receiving the recommendations of JPMorgan, its financial advisor. Agilysys cautions that there can be no assurance that the exploration of alternatives will result in a particular course of action.

Rhein added, "I want to express my personal and the Board's deep gratitude to Curtis Crawford for his valuable insights and dedicated support of our shareholder value-creation agenda, and wish him the very best. At the same time, we welcome the perspective of our largest shareholder, MAK Capital, which owns approximately 18 percent of the company."

Cueva has been a managing director of MAK Capital, a New York-based value-oriented hedge fund, since January 2005. Prior to joining MAK Capital, he was a portfolio manager and analyst at Green Cay Asset Management in the Bahamas from 2002 to 2004 and Avalon Global Asset Management in San Francisco from 1999 to 2002. He began his investing career in 1995 at Deltec Asset Management in New York, and has invested across a range of industries. Prior to Deltec, he worked in mergers and acquisitions groups at the Bankers Trust Company and Samuel Montagu & Co.

Forward-Looking Language
Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause the actual results of Agilysys to differ materially from those anticipated by the forward-looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent Securities and Exchange Commission (SEC) filings.

Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, sales volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, and new product introductions.

Other associated risks include geographic factors, political and economic risks, the actions of Agilysys competitors and vendors, changes in economic or industry conditions in the markets served by Agilysys, the ability to appropriately integrate and derive performance from acquisitions, strategic alliances, and joint ventures, and the ability of the company to identify and complete a strategic transaction.

In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC's Web site, www.sec.gov.

Agilysys Announces Next Release of Hospitality Analytics

Maureen Morreale — Mon, 16 Jun 2008 16:45:03 -0400

Business Intelligence Solution Increases Profitability, Drives Competitive Advantage

BOCA RATON, Fla. — June 17, 2008 — Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, including specifically-designed hospitality software solutions, has announced the release of Hospitality Analytics 2.0, a made-for-hospitality business intelligence solution that consolidates data across disparate systems and multiple locations into a single integrated source for comprehensive reporting, auditing and predictive analysis.

Hospitality Analytics addresses the growing requirement for hospitality providers to leverage data as one of their most important business assets and enables hotel managers and business analysts to make up-to-the-minute fact-based decisions and capitalize on revenue opportunities. The solution identifies industry trends, improves business processes and uncovers risk areas that might otherwise go unchecked. Hospitality Analytics also removes the multitude of manual reports and spreadsheets — many of which contain errors, omissions or duplicate information — from the organization. Reports are up to date and can be saved as private or public or published as a dashboard for review by others.

Hospitality Analytics works with the InfoGenesis POS by Agilysys solution and the Stratton Warren System (SWS) inventory and procurement solution by Agilysys and will soon integrate with the company's property management solutions. The recent addition of an On-Line Analytical Processing (OLAP) cube for the SWS solution enables customers to analyze and track trends and costs in the inventory and procurement area of operations.

Other features of Hospitality Analytics 2.0 include:

Custom report creation with an intuitive drag-and-drop interface;
Visual representations of data with easy-to-read charts, graphs and customizable dashboards;
Direct query of data by third-party applications such as Cognos® and Microsoft Excel;
SQL server reporting services integration;
Performance improvements when loading new data into the application; and
Integration with National Weather Service data to standardize analysis for seasonal variations.

Hospitality Analytics is now available in a 'Software as a Service' (SaaS) model, allowing customers to pay for an ongoing subscription rather than having to purchase the software. Benefits include a lower entry price point and elimination of software maintenance and support.

"The latest version of Hospitality Analytics enables hospitality providers to turn predictive analysis into data-based business decisions," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions Group. "Reporting is meaningless unless it helps an organization achieve insight into its business and, as a result, maximize revenue. Hospitality Analytics gives management unprecedented support for their business and operations decisions, enabling them to see the 'big picture' and use that information to increase profitability and enhance guest service."

Agilysys Announces Latest Version of Lodging Management System (LMS)

Maureen Morreale — Mon, 16 Jun 2008 16:45:03 -0400

LMS v8.0 Includes New Dynamic Packaging and Graphical User Interface

BOCA RATON, Fla. — June 17, 2008 — Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, including specifically-designed hospitality software solutions, is announcing the latest version of the Lodging Management System® (LMS) property management solution, which can be viewed at HITEC 2008 in Austin, Texas, June 16–19.

LMS v8.0 includes the following new key enhancements:

Dynamic packages, which enable users to create packages 'on the fly' by selecting various components. It also allows users to select an existing pre-defined package and either add or remove components, thereby tailoring that package to the guest's specifications.

A new graphical user interface (GUI), which allows users to toggle between green screen and GUI, and includes command line access, buffering capabilities and the ability to type ahead and view reports on screen. These screen design improvements also extend to LMS ARTS®, an activities reservations tracking module that manages a hotel's various venues and places canceled activities back into inventory for resale.

An enhanced casino interface with new functionality that includes player card swipe for guest reservation search, comp posting reject log, expanded comp authorizer, player ranking for yield interface and the ability to link player offers to comp/rate plans directly on the rate availability screen.

In addition, Agilysys will be introducing the new LMS Guest Hub in conjunction with LMS v8.0, a centralized repository for guest profiles, including history, itineraries, interests and preferences. Users have the ability to set up and maintain a single guest master across multiple systems. This functionality is based on Guest 360 technology framework, the future strategy of Agilysys.

"We continue to invest in our industry-leading LMS property management solution with the latest version of the software," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions Group. "This is a very flexible and scaleable system. LMS has historically set the reliability bar high. Now, with the addition of new guest-oriented features and functionality, LMS pairs that reliability with an enhanced guest experience."

For more information on LMS 8.0, visit Agilysys Hospitality Solutions Group at HITEC 2008, June 16–19, at the Austin Convention Center, Booth 611.

Agilysys Announces Beta Site for Guest 360, Next-Generation Property Management Solution

Maureen Morreale — Mon, 16 Jun 2008 16:45:03 -0400

BOCA RATON, Fla. — June 16, 2008 — Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, including specifically-designed hospitality software solutions, has announced the beta site for Guest 360, the company's next-generation property management solution. Guest 360, which was recognized as 'Best New Technology' at HITEC 2007, is on schedule for beta testing in November 2008 with Hutton Hotel in Nashville, Tenn., a 250-room upscale property developed and managed by Amerimar Enterprises, Inc.

"We are excited about this new technology from Agilysys and look forward to implementing it," said Steven P. Andre, general manager at Hutton Hotel, which is scheduled to open in early 2009. "Guest 360 is not just another property management system. It will enable us to actually anticipate guest needs. We want to stand out from the crowd by providing a flawless guest experience, and we are confident this solution will help us achieve that goal."

Guest 360 is an open database and cross-platform property management system that utilizes Services-Oriented Architecture (SOA) to provide a highly scaleable and flexible solution for hotels and resorts of all sizes as well as multi-property operations. SOA enables Guest 360 to be tailored to a hotel's business processes and allows for flexible integration with other software solutions. Features of Guest 360 include: an attributes-based, flexible inventory engine; an innovative offer and rating system; and Guest Hub, a centralized repository for guest profiles, including history, itineraries, interests and preferences. The result is a solution that provides a true 360 degree view of the guest.

Guest 360 was based on key functionality found in current Agilysys property management solutions, user recommendations, and industry trends, such as guest-oriented reservation management. The system's intuitive features move beyond traditional property management to assist in predicting guest preferences and make suggestions based on guest recognition designed to increase revenue and profitability.

"Guest 360 goes beyond just tracking reservations and performing check-in and check-out," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions Group. "By capturing guest events, information and preferences, the system enables hotels to truly know their guests and realize a competitive advantage. Guest 360 takes property management to a new level of effectiveness with innovative technology that addresses the areas that matter most to our customers and their guests."

Agilysys Expands JPMorgans Role to Explore and Assist in Evaluating Strategic and Financial Alternatives

Maureen Morreale — Mon, 16 Jun 2008 16:45:03 -0400

Expands evaluation to maximize creation of long-term shareholder value
Defers annual meeting pending completion of strategic evaluation

BOCA RATON, Fla. – June 16, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, today announced that its Board of Directors has authorized the company's management and financial advisors to explore a range of strategic and financial alternatives to enhance shareholder value. These alternatives include, but are not limited to, continued implementation of Agilysys current strategic growth plan, a sale of certain assets or the entire company, formation of joint ventures, and a change to the company's capital structure. The company has retained JPMorgan as financial advisor in the evaluation process.

The company also announced that it is deferring its Aug. 1, 2008, annual meeting of shareholders pending completion of the strategic evaluation.

Agilysys cautions there can be no assurance that the exploration of alternatives will result in a fundamental change to the company's current strategic growth plan. The company only intends to disclose developments regarding the process when the Board of Directors has received recommendations from JPMorgan and has completed its consideration of financial and strategic alternatives. Agilysys announced May 13 that it had re-engaged JPMorgan to assist in assessing the ongoing timing and implementation of its strategic growth strategy.

"Given recent developments in our markets and the current macroeconomic environment, we have expanded the process to further evaluate all strategic options available to us to appropriately maximize the creation of long-term shareholder value," said Arthur Rhein, chairman, president and chief executive officer of Agilysys.

Forward-Looking Language
Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause the actual results of Agilysys to differ materially from those anticipated by the forward-looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent Securities and Exchange Commission (SEC) filings.

Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, sales volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, and new product introductions.

Other associated risks include geographic factors, political and economic risks, the actions of Agilysys competitors and vendors, changes in economic or industry conditions in the markets served by Agilysys, the ability to appropriately integrate and derive performance from acquisitions, strategic alliances, and joint ventures, and the ability of the company to identify and complete a strategic transaction.

In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC's Web site, www.sec.gov.

Hard Rock Park Selects Inventory and Point-of-Sale Solutions from Agilysys

Maureen Morreale — Wed, 11 Jun 2008 16:45:03 -0400

BOCA RATON, Fla. – June 11, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative information technology and hospitality software solutions, announced today that Hard Rock Park in Myrtle Beach, S.C. has selected the Eatec inventory & procurement solution and the InfoGenesis POS solution to enhance efficiency and streamline operations at the 55-acre theme park, which opened in May.

"The Eatec and InfoGenesis solutions had all the functionality we needed, and they integrate well together," said Dave Montoya, senior director of information services for Hard Rock Park. "We are a Microsoft SQL Server shop, so it was critical that the solutions we selected play well with that. Also, the fact that the InfoGenesis solution handles both retail and food & beverage functions enabled us to save money and eliminate an entire system. These are robust solutions with a long lifespan, and Hard Rock Park will be able to use them well into the future."

The Eatec solution by Agilysys is a Microsoft Windows software-based, full-featured inventory and procurement solution designed especially for the foodservice and hospitality industries. Along with its core purchasing, inventory, recipe, forecasting, production and sales analysis functions, the system also offers modules for catering, concessions, restaurant and retail. The modular software structure enables customers to construct the exact set of features it needs — whether an enterprise-wide solution for multiple sites, or a single-site system for multiple functions. Hard Rock Park is using the Eatec inventory and procurement solution in 50 outlets, including retail shops and kiosks, table service and fast-food restaurants, and warehouses.

The InfoGenesis POS system combines the performance, familiarity and ease-of-use of Windows software with a relational database to deliver a powerful point-of-sale solution scalable enough for hospitality operations of all sizes. Designed for multi-unit operations commonly found in hospitality environments, the InfoGenesis POS can manage any combination of dining, bar service and gift shop operations. Features of the system include sorting, grouping and filtering options; real-time reporting capabilities; organizational controls; and advanced encryption tools. Approximately 150 food & beverage and retail terminals throughout Hard Rock Park use the InfoGenesis POS solution.

"Our leading edge inventory and POS solutions will enable Hard Rock Park to manage its many venues more effectively," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions Group. "These solutions are the most reliable, flexible and scaleable on the market and will enable the park to maximize profitability and reduce potential losses. Most importantly, this technology will streamline efficiency and enable Hard Rock Park to deliver an outstanding guest experience."

"To help drive differentiation in the guest experience, Agilysys and Microsoft are working together to provide hospitality customers like Hard Rock Park with the technology they need to perform at their highest level," said Sandra Andrews, U.S. hospitality industry solutions director, Microsoft Corp. "Agilysys offers software systems that have been proven in a variety of venues, from casinos and resorts to theme parks and stadiums. We are pleased to work together to deliver innovative solutions that empower employees to create more efficient business processes and superior guest experiences for hospitality organizations worldwide."

Hard Rock Park in Myrtle Beach, S.C., is the world's first rock 'n roll theme park and the first major attraction to be built in the United States in nearly a decade. The park celebrates the culture, lifestyle and legends of rock 'n roll through more than 50 world-class rides, attractions and live shows. Its amphitheater provides a venue for touring acts as well as daily performances, the house band and tribute acts. Located on 55 acres and costing approximately $400 million to build, Hard Rock Park is the single largest tourism investment in South Carolina's history.

Celebrity Cruises Selects InfoGenesis POS by Agilysys

Maureen Morreale — Fri, 6 Jun 2008 16:45:03 -0400

BOCA RATON, Fla. – June 6, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative information technology and hospitality software solutions, announced today that Celebrity Cruises in Miami, Fla. has selected the InfoGenesis POS by Agilysys solution, the InfoGenesis dining room inventory solution and the DataMagine Sign & Secure signature capture solution to streamline operations on four of its new premium Solstice-class ships. Celebrity Cruises is owned by Royal Caribbean Cruises Ltd.

InfoGenesis POS is a flexible, robust and enterprise-ready point-of-sale solution that combines powerful reporting and configuration capabilities with an easy-to-use touch-screen terminal application. The system's centralized database pulls together food and beverage functions, enabling total management of dining, bar and room service operations. The dining room inventory solution, specifically designed to address the needs of cruise lines, enables the galley to maintain an accurate track of menu items and meals and reduce food waste. Features of the dining room inventory solution include real-time updates on quantities ordered and quantities in stock; visual alerts when items drop below a specified level; and menu item routing to the galley based on prep station.

"We have used the InfoGenesis POS solution on our other ships for several years and appreciate its features and functionality as well as the fact that it is extremely user-friendly," said Jacques Van Staden, vice president of food & beverage for Celebrity Cruises. "Now, we're adding the dining room inventory solution for galley management to further enhance guest service on our new Solstice-class ships."

The DataMagine Sign & Secure solution enables hospitality venues to collect electronic images of signed transactions and store them in an archiving system for instant viewing or retrieval. The solution digitally captures signatures both at fixed and handheld terminals. Transactions are stored as single TIFF images with embedded signatures for proper compliance. The technology virtually eliminates charge-backs by providing instant proof of signatures and transaction information.

"In the highly competitive cruise segment of the hospitality market, it is more important than ever to select technology that enables you to work smarter and more efficiently," said Tina Stehle, senior vice president and general manager at Agilysys Hospitality Solutions. "The InfoGenesis POS solutions and the DataMagine signature capture solution will enable Celebrity to streamline operations, cut costs and deliver the five-star guest experience for which they are known."

Celebrity Cruises offers comfortably sophisticated, upscale cruise experiences with highly personalized service, exceptional dining and extraordinary attention to detail. Celebrity sails in Alaska, Australia/New Zealand, California, Canada/New England, the Caribbean, Europe, Galapagos Islands, Hawaii, the Pacific coast, Panama Canal and South America. The line also offers unique cruise-tour vacations in Alaska, Australia, Canada, Europe and South America. Noted for 'The Top Cruise Ships in the World,' as recently voted by the readers of Conde Nast Traveler, Celebrity's current fleet will be joined by Celebrity Solstice in 2008, Celebrity Equinox in 2009, Celebrity Eclipse in 2010 and a fourth Solstice-class ship in 2011. For more information, visit www.celebritycruises.com.

Agilysys Reports Unaudited Fiscal 2008 Fourth-Quarter and Full-Year Results

Maureen Morreale — Mon, 2 Jun 2008 16:45:03 -0400

-Fourth-Quarter Revenue Increases 75% to $206.4 Million -Company Begins Reporting Segment Results -Announces Plan to Eliminate Approximately $14 Million in Net Expenses

BOCA RATON, Fla. – June 2, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, today announced fiscal 2008 unaudited fourth-quarter and full-year results for the period ended March 31, 2008.

Fourth-Quarter Results of Operations
Revenue for the fourth quarter increased 74.8% to $206.4 million, compared with $118.1 million in the fourth quarter of fiscal 2007. Organic revenue was $114.9 million, or 56.0% of total revenue, and declined 2.8%, compared with the fourth quarter of fiscal 2007. Revenue from the company's acquisitions of Visual One, Stack, InfoGenesis, Innovativ and Eatec (the "Acquisitions") contributed $91.5 million, or 44.0% of revenue in the quarter.

Fiscal 2008 fourth-quarter revenue from hardware products was $153.8 million, up 75.4%, compared with $87.7 million for last year's fourth quarter. Software revenue was $20.4 million, up 161.5% from $7.8 million a year ago. Services revenue was $32.2 million, up 42.5% from $22.6 million a year ago.

Gross profit for the fourth quarter was $50.0 million, or 24.2% of revenue, compared with $31.9 million, or 27.0% of revenue, for the fourth quarter of fiscal 2007. As expected, the gross margin was impacted by changes in product mix, pricing under the company's procurement agreement with Arrow and by the acquisitions of Innovativ and Stack, which generate lower margins than the company has reported historically. In addition, weaker selling margins experienced in the quarter, and lower rebates in the company's Technology Solutions Group, which are primarily volume-driven, also contributed to the decline.

Selling, general and administrative (SG&A) expenses for the fourth quarter were $60.1 million, or 29.2% of revenue, compared with $37.4 million, or 31.7% of revenue in the same quarter a year ago. Acquisitions accounted for $21.5 million of the $22.7 million increase in SG&A expense. Depreciation and amortization for the quarter was $10.4 million compared with $2.1 million last year.

Other income for the quarter includes $11.5 million of income recognized from the company's investment in Magirus AG, a privately held enterprise computer systems distributor headquartered in Germany. This income is largely due to the gain on sale of a portion of its business to Avnet in late 2007. Results for Magirus remain unconfirmed and unaudited and are likely to change pending the completion of Magirus' financial statement audit.

Net interest income for the fourth quarter was $0.6 million, compared with $0.7 million a year ago.

Loss from continuing operations for the fourth quarter was $1.0 million, or $0.04 per share, compared with a loss of $6.6 million, or a loss of $0.21 per share, for the fourth quarter last year.

Adjusted EBITDA (operating income plus depreciation and amortization) was $0.3 million, excluding restructuring credits, for the quarter, compared with a loss of $3.4 million, excluding restructuring credits, a year ago. The fourth quarter of fiscal 2007 results contained a number of large one-time credits, not repeated during the fourth quarter of fiscal 2008. These credits are further described in the Corporate segment of this release. As a result of the March 2007 divestiture of the company's KeyLink Systems Distribution Business and acquisitions, the company believes that adjusted EBITDA most accurately reflects the company's performance and provides more meaningful year-over-year comparisons. (NOTE: A reconciliation of adjusted EBITDA to net income is provided in the financial tables included in this release. This financial measure of profitability is included to supplement the unaudited condensed consolidated financial statements presented in accordance with generally accepted accounting principles ("GAAP") in this press release. See the "Use of Non-GAAP Financial Information" section in this release for further information.)

"While fiscal 2008 was an exceptional year strategically as we acquired four companies and materially repositioned Agilysys well ahead of schedule as a diversified large solution provider, tactically we did not meet our earnings objective," said Arthur Rhein, chairman, president and chief executive officer of Agilysys. "We saw an unusual slowdown during the last two weeks of March as a number of major customers delayed purchasing decisions."

Fiscal 2008 Results of Operations
Revenue for fiscal 2008 increased 64.6% to $781.0 million, compared with $474.6 million in fiscal 2007. Organic revenue increased 9.0% to $516.9 million, and represented 66.2% of revenue. The Acquisitions contributed $264.1 million, or 33.8% of revenue.

Fiscal 2008 revenue from hardware products was $581.0 million, up 64.8%, compared with $352.6 million in fiscal 2007. Software revenue was $72.9 million, up 118.9% from $33.3 million a year ago. Services revenue was $127.1 million, up 43.3% from $88.7 million in fiscal 2007.

Gross profit for fiscal 2008 was $182.8 million, or 23.4% of revenue, compared with $120.7 million, or 25.4% of revenue, in fiscal 2007. Gross profit from the Acquisitions was $63.6 million, or 24.1% of revenue. Organic gross profit was $119.2 million, or 23.1% of organic revenue. Changes in product mix, pricing under the procurement agreement with Arrow and margins of the Acquisitions all contributed to lower gross margins.

SG&A expenses for fiscal 2008 were $199.3 million, or 25.5% of revenue, compared with $133.2 million, or 28.1% of revenue, in fiscal 2007. In fiscal 2008, SG&A from the Acquisitions was $58.8 million, or 22.3% of revenue. Organic SG&A was $140.5 million, or 27.1% of organic revenue. Depreciation and amortization for the year was $23.7 million compared with $8.7 million a year ago.

For fiscal 2008, the company recorded other income of $11.5 million recognized from the company's investment in Magirus AG, which was partially offset by operating losses of $2.6 million from Magirus, and a gain on sale of $1.3 million on an investment in an affiliated company.

Net interest income for fiscal 2008 was $12.2 million, compared with $2.4 million in 2007.

Income from continuing operations for fiscal 2008 was $4.2 million, or $0.15 per share, compared with a loss of $11.6 million, or a loss of $0.38 per share, for fiscal 2007.

Adjusted EBITDA was $7.2 million, excluding restructuring credits, for fiscal 2008 compared with a loss of $3.8 million, excluding restructuring credits, in fiscal 2007.

The effective income tax rate for continuing operations for the 12 months ended March 31, 2008 was 42.5%.

Investments and One-Time Expenses
The full-year fiscal 2008 results included longer-term investments and unanticipated one-time costs associated with acquisitions. These include the following:

– Loss of $3.9 million in the professional services operation of the Technology Solutions Group
– Loss of $3.3 million as a result of investments in the Technology Solutions Group to expand market coverage
– Loss of $1.2 million in the China operations of the Technology Solutions Group
– Investment of $2.3 million in the Hospitality Solutions Group to develop a new property management application, Guest360
– Acquisition-related expenses of $2.5 million

"We had expected to see more positive results from our Technology Solutions Group investments as we completed fiscal 2008," said Rhein. "These investments along with the unexpectedly soft IT spending environment in our fiscal fourth quarter, contributed to disappointing EBITDA results for the year."

Segment Reporting
Immediately following the divestiture of the company's KeyLink Systems Distribution Business in March 2007, the continuing operations of the company represented one business segment that provided IT solutions to corporate and public-sector customers. In fiscal 2008, Agilysys developed a structure to support the company's strategic direction. As a result, the company has been organized into four business segments: Hospitality Solutions Group, Retail Solutions Group, Technology Solutions Group and Corporate. Fiscal 2007 has been recast to include financial results of these segments.

"We are pleased to share additional financial information on our business segments," Rhein said. "This provides our shareholders, analysts and others clearer and more complete information regarding our operations."

Hospitality Solutions Group
The Hospitality Solutions Group (HSG) is a leading technology provider to the hospitality industry, offering application software and services that streamline management of operations, property and inventory for customers in the gaming, hotel and resort, cruise line, food management service, and sports and entertainment markets.

In fiscal 2008, HSG recorded annual revenue of $85.5 million compared with $37.9 million in fiscal 2007. Of the approximately $47.6 million increase in revenue, approximately $41.1 million came from the acquisitions of Visual One, InfoGenesis and Eatec. Organic growth was 17.9%. Pro forma for the timing of these acquisitions, HSG has revenue of approximately $100 million.

Depreciation and amortization was $4.9 million in fiscal 2008, compared with $1.2 million in fiscal 2007. In fiscal 2008, $4.1 million of the total depreciation and amortization figure came from acquisitions.

Adjusted EBITDA was $9.5 million in fiscal 2008, compared with $6.7 million in fiscal 2007. Adjusted EBITDA margin was 11.1%, compared with 17.7% in fiscal 2007. The deterioration in adjusted EBITDA margin was largely attributable to the InfoGenesis acquisition, which did not meet the company's expectations for the year, and was less profitable than the existing HSG business last year. The decrease in margin was also the result of one-time costs related to the integration of InfoGenesis and making InfoGenesis software payment card industry ("PCI") compliant.

HSG expensed $2.3 million of development costs for a new property management application, Guest360.

Retail Solutions Group
The Retail Solutions Group (RSG) is a leader in designing solutions that help make retailers more productive and provide their customers with an enhanced shopping experience. RSG solutions help improve operational efficiency, technology utilization, customer satisfaction and in-store profitability, including customized pricing, inventory and customer relationship management systems. The group also provides implementation plans and supplies the complete package of hardware needed to operate the systems, including servers, receipt printers, point-of-sale terminals and wireless devices for in-store use by the retailer's store associates.

In fiscal 2008, RSG recorded annual revenue of $138.1 million, representing an increase of 48.8% compared with $92.8 million in fiscal 2007. Growth was primarily driven by retailers upgrading and enhancing their technology to improve the shopping experience for their customers. All revenue growth for RSG was organic during fiscal 2008.

Depreciation and amortization was $0.4 million in fiscal 2008, compared with $0.5 million in fiscal 2007.

Adjusted EBITDA was $8.0 million in fiscal 2008, compared with $3.1 million a year ago. Adjusted EBITDA margin was 5.8%, compared with 3.3% in fiscal 2007. The increase in margin was largely attributable to demand for proprietary services and software, as well as resold hardware.

Technology Solutions Group
The Technology Solutions Group (TSG) is a leading provider of HP, Sun, IBM and EMC enterprise IT solutions for the complex needs of customers in a variety of industries – including education, finance, government, healthcare and telecommunications, among others. The solutions offered include enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity.

In fiscal 2008, TSG recorded annual revenue of $557.4 million, an increase of $213.9 million, or 62.3%, compared with $343.5 million in fiscal 2007. A total of $221.5 million, or 39.7% of revenue, resulted from the company's acquisitions of Innovativ and Stack. North American organic revenue grew more than 10% through the first nine months of fiscal 2008, but a significant decline in revenue of 17% in the fourth quarter resulted in an annual growth rate of 1.4%. China revenue decreased 50%, compared with last year. Pro forma for the timing of the acquisitions, TSG has revenue of approximately $620 million.

Depreciation and amortization was $14.6 million in fiscal 2008, compared with $2.1 million in fiscal 2007. The increase in depreciation and amortization relates to the amortization of acquisition-related intangibles.

Adjusted EBITDA was $27.8 million in fiscal 2008, compared with $17.7 million in fiscal 2007. Adjusted EBITDA margin was 5.0%, compared with 5.2% in fiscal 2007. While EBITDA margin for TSG was relatively flat compared with last year, it was negatively impacted by pricing pressure, particularly with the EMC product line and substantial longer-term investments that did not deliver as anticipated. Those longer-term investments included $3.3 million to build-out storage, networking and server solutions capacity and capabilities; losses of $1.1 million in its China operations; and losses of $3.9 million in its professional services operation.

Corporate The company's Corporate segment consists of executive management, the board of directors and shared services of finance, IT, human resources and legal.

Depreciation and amortization was $3.9 million in fiscal 2008, down from $4.9 million in fiscal 2007. The decrease in depreciation and amortization related to the divestiture of KeyLink.

Adjusted EBITDA was a loss of $38.1 million in fiscal 2008, compared with a loss of $28.7 million in fiscal 2007. Fiscal 2007 included large credits totaling $6.5 million primarily related to reversing a prior restructuring charge, true-ups of bad debt expense, and reversal of previously accrued open price receivers. Corporate cost reductions of $6.1 million subsequent to the divestiture of KeyLink were more than offset by higher costs, including: $2.7 million in facilities expense, $4.2 million in stock and benefits compensation, and $1.8 million in acquisition-related expenses.

Business Outlook
"As a result of the uncertain economic environment and correlated deferral of IT expenditures, we have conducted a detailed review of our businesses to identify operating efficiencies and reduce costs," said Rhein. "We have begun to take action and expect to have essentially all of the expenses identified and eliminated by June 30, 2008."

As part of the company's cost-reduction effort, it expects to eliminate approximately $17 million in SG&A expenses resulting in a pro forma, full-year increase in adjusted EBITDA of approximately $14 million, or realized improvement in adjusted EBITDA of $10.5 million in fiscal 2009 based on the timing of executing planned cost savings.

The company is anticipating fiscal 2009 annual revenue of $860 million to $900 million Full-year gross margin is expected to be approximately 24.5% to 25.0%.

The company expects SG&A expenses to be approximately $210 million to $213 million in fiscal 2009, excluding restructuring charges. Agilysys expects stock compensation expense of $5.4 million and depreciation and amortization of $27.0 million. Continued investments in the Hospitality Solutions Group's launch of a new property management application, Guest360, will cost approximately $4.1 million, of which $3.1 million is forecast to be expensed.

Adjusted EBITDA is expected to be between $27 million to $40 million.

Given the significant intangible amortization associated with recent acquisitions and based on an estimated 23.5 million weighted average diluted shares outstanding, earnings per share from continuing operations is expected to be in the range of $0.05 to $0.35 per share.

Capital expenditures are estimated at $8 to $10 million for the year.

Conference Call Information
A conference call to discuss fiscal fourth-quarter and full-year 2008 results, discuss expense reduction actions and provide fiscal 2009 guidance is scheduled for 11 a.m. ET on Monday, June 2, 2008. The conference call will be broadcast live over the Internet and a replay will be accessible on the investor relations page of the company's Web site: www.agilysys.com.

Those interested in listening to the call over the telephone should dial 412-858-4600 or 800-860-2442 and ask for Agilysys. A replay of the call will be available beginning at 2 p.m. ET on June 2 until 11:59 p.m. ET on June 16, 2008. The replay can be accessed by dialing either 412-317-0088 or 877-344-7529 and entering passcode 419288.

Use of Non-GAAP Financial Information
To supplement the unaudited condensed consolidated financial statements presented in accordance with GAAP in this press release, the company uses the non-GAAP financial measure of adjusted EBITDA, defined as operating income plus depreciation and amortization.

Management reviews non-GAAP financial measures internally to evaluate the company's performance. Additionally, management believes that such information can enhance investors' understanding of the company's ongoing operations. The non-GAAP measures included in this press release have been reconciled to the comparable GAAP measures within the accompanying table, as required under Securities and Exchange Commission (SEC) rules regarding the use of non-GAAP financial measures. They should not be considered in isolation or as a substitute for analysis of the company's results as reported under GAAP.

Forward-Looking Language
Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause Agilysys actual results to differ materially from those anticipated by the forward-looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent SEC filings.

Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, revenue volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, new product introductions and economic conditions.

In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC's Web site, www.sec.gov.

Visual One Suite by Agilysys Selected by Ireland's Kilronan Castle

Maureen Morreale — Tue, 27 May 2008 16:45:03 -0400

BOCA RATON, Fla. – May 27, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative information technology and hospitality software solutions, announced today that Kilronan Castle, one of Ireland's most luxurious five-star hotels, has selected a comprehensive Visual One suite of products by Agilysys to streamline operations at the property. Kilronan Castle's sister hotel, Lough Rynn, has used the Visual One suite for several years.

"We chose the Visual One suite because it is both efficient and user-friendly," said Michelle Coghlan, resident manager at Kilronan Castle. "We have had a very good experience with the software at our sister property. The Visual One property management system by Agilysys, in particular, provides more reports than many other systems, and everything is tightly integrated so that operations run smoothly. The system also will enhance guest service by enabling the hotel to keep an accurate and up-to-date log of guest requests and preferences and build a database for mailings and other marketing campaigns."

Kilronan Castle is implementing the following Visual One solutions:

Visual One Property Management System, a complete property management solution that offers a wide range of features and functionality, including front office operations, guest history, housekeeping, reservations management and more.

Visual One Point-of-Sale (POS) System, a made-for-hospitality POS solution that is both touch-screen and barcode controlled. It will be used for spa charges at Kilronan Castle.

Visual One Sales & Catering System, a powerful and flexible software system that manages meeting room and banquet operations.

Visual One Spa Management System, a feature-rich spa management solution that will enable Kilronan Castle to keep track of employee work schedules and commission levels and send e-mail appointment confirmations to guests.

"Kilronan Castle is a landmark property, and we are delighted to add it to our growing roster of customers in Ireland and the United Kingdom," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions. "Visual One's integrated solutions, combining property management, point-of-sale, spa management and sales & catering, will boost efficiency and reduce costs, while complementing the hotel's efforts to provide an impeccable guest experience."

One of Ireland's most luxurious five-star hotels, Kilronan Castle is one of only a few Irish estates that can trace its history back to royal families. Located in Ballyfarnon, the Roscommon County castle is majestically situated on the shores of Lough Meelagh, surrounded by more than 40 acres of lush green pastures, ancient forests and historical points of interest. The hotel includes 84 uniquely decorated rooms and suites, a conference and banqueting center, a fine dining restaurant and bar. A luxury spa will be completed in September 2008; and a Nick Faldo-designed golf course in 2009. Kilronan Castle is owned by the Hanly Group.

Feversham Arms Hotel in U.K. Selects Visual One Suite by Agilysys

Maureen Morreale — Thu, 22 May 2008 16:45:03 -0400

BOCA RATON, Fla. – May 22, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative information technology and hospitality software solutions, announced today that Feversham Arms Hotel in Helmsley, North Yorkshire has selected a comprehensive Visual One suite of products by Agilysys to streamline operations at the property, which is adding a high-end spa this summer.

Feversham Arms Hotel was looking for a single vendor that could provide integrated solutions for property management, point-of-sale and spa management. The Visual One suite was a perfect fit, with powerful yet scaleable systems that create more efficient business processes and deliver measurable results. The suite, which operates with a Microsoft SQL® server database, will enable the property to improve productivity in nearly every area of operations.

"We chose the Visual One suite because it provided us a comprehensive and 'one-stop shop' solution," said Simon Rhatigan, owner of Feversham Arms Hotel. "We especially appreciate that the modules are fully integrated and provide real-time information exchanges, so that guests can book a room and a spa appointment at the same time. Our primary objectives were enhancing guest service and increasing efficiency, and the Visual One suite enables us to do both."

Feversham Arms Hotel selected the following Visual One solutions:

Visual One Property Management System, a flexible and reliable property management solution that offers a variety of features and functionality, including front office operations, guest history, housekeeping, night audit, reservations management and more. The hotel also is implementing the accounts receivable and web booking modules.

Visual One Point-of-Sale (POS) System, a POS solution that is both touch-screen and barcode controlled and operates in a variety of hotel environments, including bars, gift shops and table service restaurants.

Visual One Spa Management System, a feature-rich spa management solution that tracks employee work schedules and commission levels; enables scheduling by date, time, type of service and staff member; and sends e-mail appointment confirmations.

"The Visual One suite is ideal for properties like Feversham Arms Hotel that want powerful yet flexible property management and point-of-sale solutions that are fully integrated," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions. "The Visual One suite will enable the property to reduce labor costs, operate at peak efficiency and deliver a higher level of service to its guests."

Feversham Arms Hotel is an independently owned and operated hotel located in Helmsley, North Yorkshire. The luxury hotel includes a full-service restaurant, meeting room, lounge, tennis courts and heated outdoor pool. A high-end spa, scheduled for completion in summer 2008, will include eight treatment rooms, manicure and pedicure area, outdoor hot tub and terrace. Feversham Arms Hotel is a member of The Great Inns of Britain.

Agilysys Updates Annual Guidance for Fiscal 2008

Maureen Morreale — Tue, 13 May 2008 16:45:03 -0400

Sales expected to be approximately $781 million
Gross margin expected to be approximately 23.4%
Adjusted earnings before interest, taxes, depreciation, and amortization forecast to be approximately 1% of sales

Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, today announced that its unaudited fiscal 2008 sales will be at the low end of previously stated guidance; however, adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA" is operating income plus depreciation and amortization) as a percentage of sales is anticipated to come in below management's previous expectations issued on February 1, 2008.

Agilysys expects unaudited sales for the fiscal year ended March 31, 2008 to be approximately $781 million – a 65% increase over fiscal 2007. Previously, the company had estimated fiscal 2008 sales to be in the range of $780 million to $800 million. Unaudited gross margin for fiscal 2008 is expected to be 23.4% of unaudited sales, which is slightly below the company's previous guidance of 23.5%. The company expects adjusted EBITDA for the full fiscal year to be approximately 1% of unaudited sales, which is an improvement over the prior year, but well below the company's previous guidance of 2%.

"Our quarter-end sales were significantly softer than anticipated," said Arthur Rhein, chairman, president and chief executive officer of Agilysys. "With disappointing adjusted EBITDA performance for fiscal 2008 and economy-related reductions in IT spending in the marketplace, we have performed a detailed review of our businesses and have developed an iterative process to reduce expenses and identify opportunities to improve operating efficiencies. As we implement these expense and efficiency measures, we will continue to assess the timing and implementation of our strategic growth strategy, particularly in light of the macroeconomic environment. We have re-engaged JPMorgan to assist in this process," Rhein added.

On Thursday, May 29, 2008, Agilysys will hold a conference call to review fiscal 2008 financial results, discuss expense reduction actions and provide fiscal 2009 guidance. The conference call will be broadcast over the Internet at 11 a.m. ET and a replay will be accessible on the investor relations page of the company's Web site: www.agilysys.com.

Forward-Looking Language
Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause the actual results of Agilysys to differ materially from those anticipated by the forward-looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent Securities and Exchange Commission (SEC) filings.

Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, sales volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, and new product introductions.

Other associated risks include geographic factors, political and economic risks, the actions of Agilysys competitors and vendors, changes in economic or industry conditions or in the markets served by Agilysys, and the ability to appropriately integrate and derive performance from acquisitions, strategic alliances, and joint ventures.

In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC's Web site, www.sec.gov.

Agilysys Wins Two IBM Retail Store Solutions Solution Provider Excellence Awards

Martin Ellis — Wed, 7 May 2008 16:45:03 -0400

Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, received two of only five awarded 2007 IBM Retail Store Solutions (RSS) Solution Provider Excellence Awards. The awards, which were earned by Agilysys Hospitality Solutions and Agilysys Retail Solutions, are the highest recognition the IBM RSS brand has to offer.

"Agilysys Hospitality Solutions is ecstatic with being honored with an IBM RSS Solutions Provider Excellence Award," said Tina Stehle, senior vice president and general manager for Agilysys Hospitality Solutions. "This award demonstrates not only our commitment in the industry, but also our extensive capabilities and offerings which we provide to our customers."

"We are honored to receive the IBM RSS Solutions Provider Excellence Award for the second year in a row," said Paul Civils, vice president of Agilysys Retail Solutions. "This award serves as yet another testament to the outstanding achievements of the Agilysys Retail Solutions' employees throughout the past year, and we are very proud of this accomplishment."

Of the more than 300 IBM RSS North American Solution Providers, award recipients are among the top-achieving Business Partners for IBM RSS and have made significant contributions in revenue achievement. Winners of this award possess leadership characteristics such as: global leader for RSS revenue, achieved committed business targets with IBM RSS during prior calendar year, actively promoted current IBM RSS product offerings in prior year demand generation campaigns or similar activities, have a dedicated sales, marketing and technical support team to promote IBM solutions and is an Advanced or Premier level IBM Business Partner.

Additionally, Agilysys' Hospitality Solutions EMEA operations received an IBM RSS Solution Provider Excellence Award for the European market.

Capella Hotels and Resorts Selects Agilysys for Point-of-Sale Solution

Martin Ellis — Fri, 28 Mar 2008 16:45:03 -0400

BOCA RATON, Fla. – March 27, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative information technology and hospitality software solutions, announced today that Capella Hotels and Resorts, headquartered in Atlanta, has selected InfoGenesis POS by Agilysys to streamline food and beverage operations at two of its world-class destination properties — Capella Castlemartyr in County Cork, Ireland and Schloss Velden in Velden, Austria. The system will interface with each hotel's property management system using Hotel Technology Next Generation (HTNG) protocol.

InfoGenesis POS is a flexible, robust and enterprise-ready point-of-sale solution that combines powerful reporting and configuration capabilities with an easy-to-use touch-screen terminal application. The system's centralized database pulls together food and beverage functions, enabling total management of dining, bar and room service operations. Real-time access to information enables food and beverage managers to provide more efficient service and reduce potential losses. Features of the system include:

Sorting, filtering and grouping options that enable staff to locate information quickly and easily;

Organizational controls that allow staff to monitor configuration changes in the system;

Real-time reporting capabilities that enable properties to create customized reports, review guest spending patterns and reduce costs; and

Encryption tools that ensure guest data is safe and secure.

"We were looking for a flexible and reliable point-of-sale solution for our food and beverage operation, and InfoGenesis POS provided exactly what we needed," said Peter Schoch, vice president of food and beverage for Capella Hotels and Resorts. "The solution's functionality, reliability and seamless integration with other software systems will enable us to streamline operations and deliver the high quality of experience our guests have come to expect."

"The InfoGenesis POS solution has a track record of success at major hotel and resort properties around the world and is perfectly suited to the needs of Capella Castlemartyr and Schloss Velden," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions. "The system's many features will enable the food and beverage operations at each hotel to operate at peak efficiency while allowing the properties to capitalize on revenue opportunities."

Capella Hotels and Resorts serves today's top-tier travelers and residential property owners and is setting a new standard in the hospitality industry. Capella promises the unique benefits of the finest boutique hotels — including superb architecture and interior design, privacy, individualized service and attention to detail — combined with the amenities and activities of the world's great luxury hotels and resorts. Capella, led by founder Horst Schulze, is a brand focused on customer choice, and offers selections no other hotel company in the world can match. Capella is opening world-class properties in gateway cities and high-profile resort destinations around the world, including: Capella Telluride in Telluride, Colo.; Capella Singapore on Sentosa Island; Breidenbacher Hof in Dsseldorf, Germany; Capella Bahia Maroma in Riviera Maya, Mexico; Capella Pedregal in Cabo San Lucas, Mexico; Capella Castlemartyr in Cork, Ireland; Capella Dunboy Castle in Castletownbere, Ireland; and Schloss Velden in Velden, Austria.

Paragon Casino Resort Selects Agilysys for Range of Hotel Solutions

Martin Ellis — Mon, 24 Mar 2008 16:45:03 -0400

BOCA RATON, Fla. – March 24, 2008 – Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative information technology and hospitality software solutions, announced today that Paragon Casino Resort in Marksville, La. has selected Agilysys to provide a wide range of software solutions for the 531-room property, which recently completed an expansion that added an eight-story atrium and more than 200 guest rooms.

Paragon Casino Resort wanted a suite of solutions that addressed all areas of hotel and casino operations. The Agilysys portfolio met the property's requirements with software that automates property management, inventory and procurement and document management.

"Agilysys is recognized as an innovator in the hotel and casino market," said Chad Bordelon, information technology director at Paragon Casino Resort. "The Lodging Management System® (LMS) got its start in the gaming industry and has an unsurpassed track record, and the Materials Management System (MMS) provides a robust yet flexible inventory procurement system that can manage everything from casino to restaurant operations. We are confident these systems, along with the DataMagine document management solution, will improve efficiency and enhance guest service throughout the property."

Paragon Casino Resort has implemented the following hospitality solutions from Agilysys:

Lodging Management System, a comprehensive property management solution that automates every aspect of the hotel's operations. Paragon uses LMS ARTS®, an activities reservations tracking module, to manage the hotel's various venues and place canceled activities back into inventory for resale; LMS ResNet, a Web-based real-time reservation system, to enable online shoppers to book room reservations directly into the LMS property management system; and LMS ShowGate®, an attraction ticketing module, to provide show ticketing services with total venue management.

Materials Management System, a robust inventory and procurement solution that enables Paragon Casino Resort to maximize purchasing power and reduce revenue losses. The property uses the MMS Bar Coding module for wireless data collection of inventory; the MMS Menu/Recipe Analysis module to build recipes that maximize revenue; and the MMS Retail module to improve ordering accuracy.

DataMagine, a patented document management system that scans, indexes, stores and retrieves documents and reports for e-mailing, faxing or printing. Paragon is using the system to streamline recordkeeping and archive data, particularly in its accounting department. "Paragon Casino Resort is making a strong commitment to guest service with its investment in property improvements, including new technology," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions. "Our comprehensive suite of property management, inventory procurement and document management solutions will help Paragon streamline operations and conserve resources as well as ensure an outstanding experience for its guests."

Paragon Casino Resort, The Pearl of Louisiana, is the only casino-resort destination in Central Louisiana. The property features a variety of amenities and attractions, including a new luxury hotel tower, full-service spa and salon, indoor tropical pool with swim-up bar, soaring bayou-themed retail atrium and three movie theaters. The Mari Convention Center recently opened with a new Grand Hall, ballroom and showroom. Paragon also features a 60,000-square-foot casino, full-service RV resort, five restaurants, childcare activity center and professional golf course. Paragon Casino Resort is owned and operated by the Tunica-Biloxi Tribe of Louisiana.

Agilysys to Present at Raymond James 29th Annual Institutional Investors Conference

Martin Ellis — Thu, 13 Mar 2008 16:45:03 -0400

BOCA RATON, Fla. - February 21, 2008 - Agilysys, Inc. (Nasdaq: AGYS) today announced that Arthur Rhein, chairman, president and chief executive officer, and Martin Ellis, executive vice president, treasurer and chief financial officer, will present at the Raymond James 29th Annual Institutional Investors Conference to be held at the Hyatt Regency Grand Cypress in Orlando, Florida, on Tuesday, March 4, 2008, at 3:25 p.m. Eastern Time.

The presentation will be webcast and available for 30 days at http://www.wsw.com/webcast/rj33/agys/.

A copy of the presentation slides will also be made available on the company's Web site the day of the conference. To download the PowerPoint presentation, go to the Investor Relations section of www.agilysys.com and access the "Presentations" portion of the site.