M&A Deal Summary

Agilysys Acquires Book4Time

On August 23, 2024, Agilysys acquired internet software and services company Book4Time from Serent Capital

Acquisition Highlights
  • This is Agilysys’ 2nd transaction in the Internet Software and Services sector.
  • This is Agilysys’ 2nd transaction in Canada.
  • This is Agilysys’ 2nd transaction in Ontario.

M&A Deal Summary

Date 2024-08-23
Target Book4Time
Sector Internet Software and Services
Buyer(s) Agilysys
Sellers(s) Serent Capital
Deal Type Add-on Acquisition

Target

Book4Time

Markham, Ontario, Canada
Book4Time is a provider of cloud-based business management solution for the global hospitality, spa, and wellness industry. Book4Time was founded in 2004 and is based in Markham, Ontario.

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Buyer(S) 1

Buyer

Agilysys

Alpharetta, Georgia, United States

Category Company
Founded 1932
Sector Software
Employees1,400
Revenue 237M USD (2024)
DESCRIPTION

Agilysys develops and markets proprietary enterprise software, services, and solutions for the hospitality industry. The company specializes in market point-of-sale, property management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions designed to streamline operations, improve efficiency, and enhance the guest experience. Agilysys was incorporated in 1963 and is based in Alpharetta, Georgia.


DEAL STATS #
Overall 12 of 12
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 12 of 12
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 ResortSuite

Toronto, Ontario, Canada

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 was founded in 2000 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 24 of 31
Sector: Internet Software and Services M&A 3 of 6
Type: Add-on Acquisition M&A Deals 20 of 24
State: Ontario M&A 1 of 2
Country: Canada M&A 1 of 2
Year: 2024 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-12 HarperDB

Denver, Colorado, United States

HarperDB is a distributed systems platform that combines database, caching, application, and streaming functions into a single technology to improve performance and lower costs for global backend services. HarperDB was formed in 2017 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Duende Software

San Francisco, California, United States

Duende Software is a provider of identity and access control solutions for modern applications built on .NET. Duende’s solutions offer full control over UI, UX, business logic, and data, ensuring seamless integration and compliance with industry protocols. Whether deployed on-premises or in the cloud, Duende empowers organizations to securely manage digital identities at scale. Duende Software is based in San Francisco, California.

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