Agilysys acquires Book4Time for $150M

Agilysys Inc. has acquired Book4Time Inc., a provider of spa management SaaS software. The all-cash transaction closed for approximately $150 million, subject to customary closing adjustments.
Book4Time manages guest experiences at spas, international hotels, resorts, casinos, golf and private member clubs in more than 100 countries. Acquiring Book4Time expands the opportunity for Agilysys to increase its solutions-per-customer penetration globally.
Hospitality properties use Book4Time’s appointment booking, contactless guest intake, revenue and yield management and other capabilities. Book4Time grew its global footprint, in part, through relationships with global hotel and resort brands; integrations with more than 60 technology providers, including property management systems (PMS) and point-of-sale systems (POS); and its remote implementation, training and support capabilities, according to the company.
“Over the past 20 years, we have worked hand-in-hand with the world’s leading hospitality brands in over 100 countries to develop the industry’s No. 1 SaaS platform for spa and wellness operations,” Roger Sholanki, Book4Time founder/CEO. “We are excited about the opportunity to join forces with the impressive Agilysys team and our shared vision to deliver High Return Hospitality. The technology innovation strengths of Agilysys and the broad range of state-of-the-art solutions in their portfolio, including membership and golf, exponentially elevates the value we can deliver to clients.”
Agilysys President/CEO Ramesh Srinivasan said, “In addition to sharing our commitment to equipping hospitality staff with world-class technology that helps them better serve their guests, the exceptionally talented and dedicated Book4Time team shares our skills in working with some of the most renowned and discerning properties in the world.”
He continued, “We look forward to accelerating hospitality technology innovation together as we combine our product strengths, fully tap our mutual passion for serving customers and make our value proposition to the hospitality industry even more compelling. While we share some industry-leading customers, such as Marriott International and Hilton, there is minimal overlap of properties in our respective customer bases, presenting opportunities to introduce additional software solutions to a wider range of existing customers.”
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