Agilysys expands its board of directors, appoints Lisa Pope as CTO by Investing.com

Alpharetta, Georgia. – Agilysys (NASDAQ:), a leading provider of hospitality software solutions with a market capitalization of $3.66 billion and impressive year-to-date returns of 53%, on Monday announced the expansion of its board of directors and the appointment of Lisa Pope to her role. New board member. Bob, who currently leads Epicor, a global cloud enterprise software company, has extensive experience scaling software-as-a-service (SaaS) businesses.

The appointment, effective December 5, 2024, will increase the size of the Agilysys Board of Directors to eight members. Bob is scheduled to be nominated at the company’s 2025 annual shareholder meeting. Her background includes transitioning Epicor to a cloud-first, subscription-based model and pioneering growth strategies for other technology companies such as Infor and QAD (NASDAQ:). according to InvestingPro According to the data, Agilysys maintained strong revenue growth of 17% and a healthy gross profit margin of 63%.

Michael Kaufman, Chairman of Agilysys, praised Bob’s experience in SAAS and its potential contribution to enhancing shareholder value. Ramesh Srinivasan, CEO of Agilysys, also praised its track record of driving customer success and retention, which aligns with the company’s focus on scaling cloud-native hospitality enterprise platforms.

Pope expressed her excitement about this opportunity at Agilysys, noting the similarities between her previous roles and the company’s growth and customer engagement strategies. Her awards include the 2022 Stevie Award for Sales and Customer Service Woman of the Year and a Silver in Business Award for Sales Manager of the Year in 2021.

Agilysys specializes in providing software solutions that improve Return on Experience (ROE) in the hospitality industry. Its client base extends across various industries, including hotels, resorts, casinos and dining facilities around the world.

The expansion and appointment of the Board of Directors is based on a press release issued by Agilysys, Inc.

In other recent news, Agilysys, a provider of next-generation hospitality software solutions, announced record revenues of $68.3 million for the second quarter of fiscal year 2025, representing a 16.5% increase from the previous year. The company’s strategic acquisition of Book4Time has played a significant role in this growth, enhancing its spa management software offerings. Subscription revenue also saw a significant increase of 36.6% to US$25.1 million, reflecting Agilysys’ successful expansion and modernization efforts.

In addition, a recent Oppenheimer survey indicates that demand for enterprise IT is holding steady despite overall uncertainty. The survey, based on interviews with 301 buyers, indicates an improving demand environment for enterprise suppliers in the fourth quarter and similar growth expectations for IT budgets in 2025.

Furthermore, Agilysys raised its full-year revenue guidance to between $280 million and $285 million. Despite facing challenges in managing the US foodservice and Asia Pacific markets, Agilysys remains optimistic about the recovery of its point-of-sale business and sees great potential for expansion in the market. The company has also expressed interest in making more strategic acquisitions in the future.

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