Agilysys acquires Book4Time

Agilysys has acquired Book4Time, a spa management SaaS software company. Book4Time manages guest experiences at spas, international hotels, resorts, casinos, golf and private member clubs in more than 100 countries. The company acquired Book4Time in a bid to increase its solutions-per-customer penetration globally, according to the company.

Properties use Book4Time to improve revenue, operational efficiency and capacity utilization for spa operations by using the system’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 and point-of-sale systems; and its remote implementation, training and support capabilities.

“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 #1 SaaS platform for spa and wellness operations," Book4Time Founder and CEO Roger Sholanki said in a statement. "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.”

“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," Agilysys President and CEO Ramesh Srinivasan said. "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.”

The all-cash transaction closed for approximately $150 million, subject to customary closing adjustments.