ALPHARETTA, Ga. - Agilysys , Inc. (NASDAQ: NASDAQ:AGYS), a provider of hospitality software solutions, has announced the launch of a new mobile ordering and payment device, IG Fly, designed to enhance customer service and operational efficiency. The product was unveiled during the company's recent Inspire user conference.
IG Fly is an all-in-one solution that integrates features such as credit card payments, a built-in printer, scanner, and Magnetic Stripe Reader (MSR) with the InfoGenesis Point of Sale (POS) system. This device allows hospitality staff to process orders and payments directly at the customer's location, reducing the need for fixed terminals and accelerating service delivery.
The device aims to offer the full functionality of the InfoGenesis POS system without compromising on mobility, enabling staff to maintain enterprise-level data analysis and workflow capabilities. Its lightweight design and user-friendly interface are intended to facilitate quick staff adoption and minimize training time.
Shift4, a leader in commerce-enabling technology, is the initial launch partner for IG Fly. Agilysys and Shift4 have a longstanding partnership focused on providing innovative payment solutions for the hospitality sector. Future certifications with additional payment providers are expected in the coming months.
Rohith Kori, Senior Vice President of Corporate and Product Strategy at Agilysys, stated that IG Fly was developed in response to customer demand for a mobile solution that does not sacrifice the robust functionality and security of the InfoGenesis POS system.
Michael Isaacman, Chief Commercial Officer at Shift4, emphasized the collaboration's role in driving operational efficiencies and enhancing customer experiences.
Agilysys specializes in software solutions that optimize the return on experience for various hospitality sectors, including hotels, resorts, casinos, and food service providers.
This announcement is based on a press release statement from Agilysys, Inc.
InvestingPro Insights
Agilysys, Inc. (NASDAQ: AGYS) continues to innovate in the hospitality technology space with the introduction of IG Fly, a mobile ordering and payment device aimed at enhancing customer service. This move aligns with the company’s robust financial performance and market valuation. The latest data from InvestingPro shows Agilysys with a market capitalization of $2.26 billion and a strong revenue growth of 18.99% over the last twelve months as of Q3 2024.
InvestingPro Tips reveal that Agilysys holds more cash than debt on its balance sheet and its liquid assets exceed short-term obligations, indicating a solid financial foundation for pursuing new product developments like IG Fly. Additionally, the company's high Price / Book multiple of 9.8 reflects a premium valuation in the market, which may be attributed to its innovative solutions and strategic partnerships.
The company has also demonstrated a significant EBITDA growth of 33.45% over the same period, underscoring its operational efficiency. With analysts predicting profitability this year and the company having been profitable over the last twelve months, Agilysys appears to be on a financially stable footing as it expands its product offerings.
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