Agilysys Inc., a global leader in hospitality software solutions, has announced its acquisition of Book4Time, Inc., the world’s top provider of spa management SaaS software. This strategic move, valued at approximately $150 million, strengthens Agilysys’ position in the hospitality technology sector and opens new avenues for growth by expanding its suite of offerings to a broader range of clients.
Book4Time is renowned for its cutting-edge technology, managing guest experiences at luxury spas, international hotels, resorts, casinos, golf clubs, and private member clubs across more than 100 countries. The platform’s reputation for excellence is underscored by its selection as the 2024 HotelTechAward Winner for Best Spa Management Software by Hotel Tech Report. With its robust capabilities in appointment booking, contactless guest intake, revenue and yield management, Book4Time has become an indispensable tool for hospitality properties looking to enhance revenue, operational efficiency, and capacity utilisation in their spa operations.
Roger Sholanki, Founder and CEO of Book4Time, expressed his excitement about the acquisition, saying, “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. 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 and CEO, Ramesh Srinivasan, echoed Sholanki’s enthusiasm, highlighting the shared values and complementary strengths of the two companies. “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,” Srinivasan said.
He further noted the potential for significant growth, stating, “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.”
The acquisition not only bolsters Agilysys’ portfolio but also positions the company to enhance its market penetration globally, particularly within the spa and wellness segment. As both companies integrate their offerings, clients can expect a more comprehensive and innovative suite of solutions tailored to meet the evolving needs of the hospitality industry.
The all-cash transaction, subject to customary closing adjustments, signals a strong commitment by Agilysys to continue investing in technology that drives the hospitality industry forward. Further details on the financial impact of the acquisition will be discussed during Agilysys’ fiscal 2025 second quarter earnings call in October 2024.
Subscribe to our newsletter below