Agilysys Announces Agreement to Sell Its Technology Solutions Business for $64M

Agilysys, Inc. AGYS announced today that it entered into a definitive agreement to sell its $474 million-revenue Technology Solutions Group business for a purchase price of $64 million to OnX Enterprise Solutions. The transaction is subject to approval by Agilysys shareholders and is expected to close in the Company's fiscal 2012 second quarter, which ends September 30, 2011.