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ALPHARETTA, Ga. – Agilisis Inc. (NASDAQ: ), a prominent provider of hospitality software solutions with a market cap of $3.66 billion and an impressive 53% year-to-date return, announced Monday the expansion of its Board of Directors and the appointment of Lisa Pope as a new board member. Pope, who currently chairs Epicor, a global cloud enterprise software company, brings extensive experience in scaling software-as-a-service (SaaS) businesses.
The appointment, effective December 5, 2024, increases the size of Agilisis’ board to eight members. Pope is scheduled to be nominated at the company’s annual shareholder meeting in 2025. Her background includes Epicor’s transition to a cloud-first subscription-based model and leading growth strategies for other technology firms such as Infor and KAD ( NASDAQ: ). According to InvestingPro According to the data, Agilisis maintained strong revenue growth of 17% and a healthy gross profit margin of 63%.
Michael Kaufman, Chairman of the Board of Agilisys, praised Papa’s SAAS expertise and its potential contribution to increasing shareholder value. Agilisis CEO Ramesh Srinivasan also praised its track record of driving customer success and retention, which aligns with the company’s focus on scaling its cloud-native hospitality platforms.
Pope expressed enthusiasm for the opportunity at Agilisis, citing parallels between her previous roles and the company’s growth and customer engagement strategies. Her accolades include the 2022 Stevie Woman of the Year for Sales and Customer Service and the 2021 Best in Business Silver Award for Sales Director of the Year.
Agilisis specializes in delivering software solutions that optimize return on experience (ROE) in the hospitality sector. Its client base spans a variety of industries, including hotels, resorts, casinos and restaurants worldwide.
This board expansion and appointment is based on a press release from Agilisis, Inc.
In other recent news, Agilisys, a provider of next-generation hospitality software solutions, reported record revenue of $68.3 million for the second quarter of fiscal 2025, up 16.5% year-over-year. The strategic acquisition of Book4Time played a significant role in this growth, enhancing its spa management software offering. Subscription revenue also saw significant growth of 36.6%, reaching $25.1 million, reflecting Agilisys’ successful expansion and modernization efforts.
In addition, recent Oppenheimer research indicates stable enterprise IT demand despite macro uncertainties. The survey, based on 301 customer interviews, suggests an improving demand environment for enterprise vendors in the fourth quarter and a similar outlook for IT budget growth in 2025.
Furthermore, Agilisys increased its full-year revenue to between $280 million and $285 million. Despite facing challenges in food management in the US and Asia Pacific markets, Agilisis remains optimistic about the recovery of its point-of-sale business and sees significant potential for market expansion. The company has also expressed interest in more strategic acquisitions in the future.
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