Agilysys | December 18, 2021
Agilysys, Inc., a leading provider of next generation SaaS software solutions, announced it has entered into a definitive agreement to acquire ResortSuite, a Canada-based fully integrated property management solution provider focused on the complex multi-amenity and resort market. This acquisition creates the opportunity to bring next generation SaaS solutions to ResortSuite customers who have been served well by a trusted partner for more than twenty years. With unparalleled experience and commitment to the hospitality industry and innovation driven roadmaps and expertise, this combination will enable revenue synergies and delivery of world class integrated hotel property management and contactless capabilities to the global hospitality industry.
Only a handful of technology providers have the experience and expertise to offer robust, comprehensive and end-to-end integrated property management solutions which can help run complex resort environments and enable enjoyable guest experiences. This acquisition combines two such providers creating the most compelling hospitality technology unit serving the resort market. Frank Pitsikalis (CEO & Founder of ResortSuite) and his talented team have built a company with deep understanding of hospitality and a long history of providing world class service to some of the most well-known resorts and spas across several regions, including the U.S., U.K. and Canada. Thanks to our successful recent product modernization efforts, ResortSuite customers will enjoy numerous modern technology options including migrating to the cloud.”
Ramesh Srinivasan, President & CEO of Agilysys
The transaction is expected to close the beginning of January 2022 for approximately 25 million USD in an all-cash deal subject to customary closing conditions. Further details of the transaction will be discussed during the upcoming Agilysys fiscal 2022 third quarter earnings call towards the end of January 2022.
CIBC Capital Markets Inc. acted as exclusive financial advisor to ResortSuite.
ResortSuite provides a fully integrated suite of hospitality solutions for the full service and resort market such as property management, spa, golf, sales & catering, retail, food and beverage, ski and concierge applications to manage properties with multiple amenities. ResortSuite operates out of headquarters in Toronto, Ontario and services multiple geographic areas, including Canada, the United States, the United Kingdom and the Caribbean.
Agilysys has been a leader in hospitality software for more than 40 years, delivering innovative cloud-native SaaS and on-premise guest-centric technology solutions for gaming, hotels, resorts and cruise, corporate foodservice management, restaurants, universities, healthcare, and sports and entertainment. Agilysys offers the most comprehensive software solutions in the industry, including point-of-sale (POS), property management (PMS), inventory and procurement, payments, and related applications, to manage the entire guest journey. Agilysys is known for its leadership in hospitality, its broad product offerings and its customer-centric service. During recent years, Agilysys has made major investments in R&D and has successfully modernized virtually all their longstanding trusted software solutions. Some of the largest hospitality companies around the world use Agilysys solutions to help improve guest loyalty, drive revenue growth and increase operational efficiencies. Agilysys operates across the Americas, Europe, the Middle East, Africa, Asia-Pacific, and India with headquarters located in Alpharetta, GA.
Kiosks | January 13, 2022
January news from the Industry Group & Kiosk Association: NRF is coming up this weekend and we are hopeful our retail facial payment finalist takes home the "Best Payment Innovation" award. The transactions and enrollment numbers certainly justify it.
We also thank Jim Kruper with KioWare who is managing the booth. Stop by and see contactless self-order, assistive technology ala McDonalds and the new Ingenico Self-4000 terminal. He is featured on our portal page on NRF -- NRF Big Show #1606
Big legal ADA news is Quest Diagnostics got very bad news on two fronts. The class action part will drive remedial actions across the entire country, and all units. That originally inexpensive kiosk has the definite possibility now of turning out to be an expensive choice.
For the upcoming DSE show in Vegas/March, besides hoping COVID will subside, we are hoping to show a cool 4K 85-inch demo deployed recently at super major retailer (they sell staples?). At NRA our odds are pretty good we will have the Samsung "KMA" kiosk in our booth (running Nanonation partner software). We are in the Tech Pavilion.
New Gold sponsors - FEC POS -- now entering self-checkout (SCO) kiosk market. American Kiosks - offices here in Colorado. Custom projects is prime competency.
Revel-Systems | January 10, 2022
Revel Systems, the market leading cloud-native point of sale (POS) and complete business management platform, today announced a partnership with Adyen, the global payments platform of choice for many of the world’s leading companies. Leveraging Adyen for Platforms, Revel Systems will launch Revel Advantage International, an integrated payment solution. Revel has thousands of international clients across the globe who will benefit from having a payments solution that integrates directly with its cloud-native POS platform.
“I am very excited to work with Adyen and open up new markets for Revel with integrated payments. We have worked with Adyen for some time and have been impressed with their solution and innovation in the space, Nothing is more important these days than making technology acquisition easy, integrated, and affordable for merchants, and the partnership between Revel and Adyen brings that to the market.”
-Greg Dukat, CEO, Revel Systems.
Revel Advantage International offers merchants the ability to work with one vendor for technology, support and services to ensure their POS and payments solution is running smoothly. With a streamlined approval process and expedited onboarding, clients can be up and running quickly to take advantage of Revel Advantage International’s industry-low rates and best-in-class security.
Revel’s clients will benefit from no application fees, reduced processing fees and simplified flat-rate pricing options. In addition, clients will also receive payment devices that are EMV-compliant. These devices will give customers a variety of ways to pay, including all major card schemes, pay-at-the-table functionality, WeChat Pay, AliPay, Interac Debit (Canada only), EFTPOS (Australia only), mobile wallet payments and more.
“We are thrilled to deepen our partnership with Revel, as they continue to expand across international markets, and we look forward to helping their restaurant and retail clients benefit from an integrated payments solution, Adyen for Platforms powers a wide range of marketplaces and platforms to continually enhance their service offering, gain access to the latest payment innovations, and scale globally using a single payment system. Revel will benefit from these capabilities, allowing them to create an even better customer experience.”
-Roelant Prins, Chief Commercial Officer, Adyen.
About Revel Systems
Revel’s point of sale and business solutions provide a native cloud technology platform that is at the heart of our clients’ businesses. Revel’s platform helps restaurants and retailers deliver a better customer experience, diversify revenue streams, and scale their businesses with ease. The Revel Enterprise® solution is tailored for large chains and leads the industry with a broad footprint of national, big brand customer implementations. Revel is committed to client success and strives to be a people-first business, leading with integrity and transparency.
Adyen (AMS: ADYEN) is the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers' globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L’Oréal. The cooperation with Revel Systems as described in this merchant update underlines Adyen’s continuous growth with current and new merchants over the years.
indiaretailing | April 20, 2020
Walmart is committed to helping the fellow Americans seeking work, while serving customers during this unprecedented time. The brand recently committed to hiring more than 150,000 new associates by the end of May. Since then, it has had over 1 million applicants, hiring an average of 5,000 people per day. Walmart reached its goal in less than a month – more than six weeks ahead of schedule and announced a new commitment to hire an additional 50,000 associates.