Agilysys buys Eatec
Agilysys said it has acquired Emeryville, Calif.-based Eatec Corp. for $23.2 million.
The Boca Raton-based information technology company (NASDAQ: AGYS) said the company has about $8 million in revenue and EBITDA margins in excess of 20 percent.
Eatec’s software, EatecNetX, is an open architecture-based inventory and procurement management system. Agilysys said Eatec’s customers include well-known restaurants, hotels, stadiums and entertainment venues in North America, and many public service institutions first cash advance.
In addition to being a stand-alone software application, EatecNetX is to be interfaced with Agilysys’ point-of-sale offerings to create a complete end-to-end solution for customers in the food-service industry.
Agilysys shares were up 57 cents to $12.72 in afternoon trading. The 52-week high was $23.86 on July 2. The 52-week low was $11.67 on Feb. 7.